Wisconsin Housing and Economic Development Authority
Press Release

WHEDA welcomes applications for rural affordable workforce housing initiative

Webinar to answer application questions set for July 24

MADISON– The Wisconsin Housing and Economic Development Authority is now welcoming applications for the rural affordable workforce housing pilot.

A webinar to answer questions about the application process will be held July 24 at 1 p.m. Information about the initiative including the rural affordable workforce housing initiative plan and application documents can be found here; registration for the free webinar is available here.

The pilot will work with stakeholders from at least three rural communities to develop partnerships and processes that ultimately will benefit communities statewide. Participants at listening sessions organized by WHEDA cited many factors contributing to Wisconsin’s shortage of rural, affordable workforce housing including rising construction costs, limited developer interest due to the smaller scale of rural projects; aging housing stock; few affordable rental options; zoning, infrastructure challenges; and limited financing for new construction and renovation projects.

WHEDA’s rural affordable workforce housing initiative includes the pilot effort and supplemental financing tools designed to better serve rural communities by overcoming gaps in existing programs.

The July 24 webinar will cover the pilot application process including the need for communities to apply with a diverse team of stakeholders that demonstrate geographic, demographic, public and private collaboration. For those who are not able to attend, the recorded webinar will be posted to the webpage along with any needed updates to the FAQs. Applications will be due Aug. 31 with participating communities announced in early October.

For questions about the application process, email: ruralaffordablehousing@wheda.com. To keep up with information about the pilot and other WHEDA initiatives, sign up to receive emails here and follow us on Facebook, Twitter and LinkedIn.

ABOUT WHEDA
For more than 45 years, WHEDA has worked to provide low-cost financing for housing and small business development in Wisconsin. Since 1972, WHEDA has financed more than 75,000 affordable rental units, helped more than 133,000 families purchase a home and provided more than 29,000 small business and agricultural loan guarantees. WHEDA is a self-supporting public corporation that receives no tax dollars for its operations. For more information on WHEDA programs, visit wheda.com or call 800-334-6873.

Mentioned in This Press Release

Recent Press Releases by Wisconsin Housing and Economic Development Authority

WHEDA awards National Housing Trust Funds

$1.3 million to support creation of extremely low-income housing

WHEDA issues $156 million Housing Revenue Bond

Capital to help advance more than 800 units of affordable and workforce housing in Wisconsin

WHEDA awarded Emergency Housing Vouchers by HUD

Property owners asked to submit interest forms

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us