Wisconsin Launches Preservation Loan Program for Existing Tax Credit, Affordable Housing Projects

摘要

The Wisconsin Housing and Economic Development Authority (WHEDA) has launched a loan program that provides tax-exempt bond financing at special low interest rates to preserve existing tax credit and other affordable housing developments. The launch of the Preservation Plus loan program on December 8 coincided with the announcement of a $10 million expansion of the state's "Saving Our Stock" (SOS) initiative to preserve low-income housing, especially Section 8-assisted developments. "This type of financing product is critical in the housing preservation arena," said Antonio Riley, WHEDA's executive director.