Chapter 234, WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY
87 sections in this chapter.
Wis. Stat. § 234.54 Housing rehabilitation loan program capital reserve fund
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234.54 Housing rehabilitation loan program capital reserve fund. (1g) In this section, “capital reserve fund requirement” means, as of any particular date of computation, an amount of money, as provided in the resolutions of the authority authorizing the bonds with respect to whi…
Wis. Stat. § 234.55 Housing rehabilitation loan program bond redemption fund
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234.55 Housing rehabilitation loan program bond redemption fund. (1) The authority shall establish the housing rehabilitation loan program bond redemption fund. All housing rehabilitation loans purchased with moneys from the housing rehabilitation loan fund or notes evidencing lo…
Wis. Stat. § 234.59 Homeownership mortgage loan program
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234.59 Homeownership mortgage loan program. (1) DEFINITIONS. In this section: (a) “Authorized lender” means a bank, savings bank, savings and loan association, credit union or mortgage banker. (d) “Eligible property” means any of the following: 1. A residential structure having a…
Wis. Stat. § 234.592 Qualified subprime loan refinancing
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234.592 Qualified subprime loan refinancing. (1) DEFINITIONS. In this section: (a) “Authorized lender” has the meaning given in s. 234.59 (1) (a). (b) “Eligible property” has the meaning given in s. 234.59 (1) (d) 1. (c) “Principal residence” has the meaning given in. s. 234.59 (…
Wis. Stat. § 234.60 Bonds for homeownership mortgage loans and qualified subprime loan refinancing
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234.60 Bonds for homeownership mortgage loans and qualified subprime loan refinancing. (1) The authority may issue its bonds or notes to fund homeownership mortgage loans or the refinancing of qualified subprime loans under s. 234.592. (2) The limitations in ss. 234.18, 234.40, 2…
Wis. Stat. § 234.605 Homeowner eviction and lien protection program
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234.605 Homeowner eviction and lien protection program. (1) In this section: (a) “Eligible property” has the meaning given in s. 234.59 (1) (d) 1. (b) “Lender” means any banking institution, savings bank, savings and loan association, or credit union organized under the laws of t…
Wis. Stat. § 234.61 Bonds for residential facilities for the elderly or chronically disabled
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234.61 Bonds for residential facilities for the elderly or chronically disabled. (1) Upon the authorization of the department of health services, the authority may issue bonds or notes and make loans for the financing of housing projects which are residential facilities as define…
Wis. Stat. § 234.621 Property tax deferral loans; purpose
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234.621 Property tax deferral loans; purpose. The legislature finds that older individuals who have resided in their homes for a substantial period of time have found it difficult to remain in their own homes because their incomes are insufficient to cover property taxes, which h…
Wis. Stat. § 234.622 Definitions
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234.622 Definitions. In ss. 234.621 to 234.626: (1) “Co-owner” means a natural person who, at the time of the initial application has an ownership interest in the qualifying dwelling unit of a participant in the program and fulfills one of the following requirements: (a) Is the p…
Wis. Stat. § 234.623 Eligibility
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234.623 Eligibility. The authority shall make loans to a participant who meets all of the following requirements: (1) The participant applies on forms prescribed by the authority for a loan to pay property taxes or special assessments by June 30 of the year in which the taxes or …
Wis. Stat. § 234.624 Transfer of interest
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234.624 Transfer of interest. If a participant ceases to reside in a qualifying dwelling unit, or if the participant’s total ownership interest in the qualifying dwelling unit is transferred to one or more co-owners in that unit, or if both of these events occur, a co-owner may a…
Wis. Stat. § 234.625 Program operation
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234.625 Program operation. (1) The authority shall enter into agreements with participants and their co-owners to loan funds to pay property taxes and special assessments on their qualifying dwelling units. The maximum loan under ss. 234.621 to 234.626 in any one year is limited …
Wis. Stat. § 234.626 Loan funding
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234.626 Loan funding. (1) Loans made or authorized to be made under ss. 234.621 to 234.626 may be funded from the proceeds of notes and bonds issued subject to and in accordance with ss. 234.08 to 234.14 and from the fund under s. 234.165. (2) The authority may create a system of…
Wis. Stat. § 234.65 Economic development
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234.65 Economic development. (1) (a) The authority may issue its negotiable bonds and notes to finance its economic development activities authorized or required under this chapter, including financing economic development loans. (b) The limits in ss. 234.18, 234.40, 234.50, 234.…
Wis. Stat. § 234.66 Residential housing infrastructure revolving loan fund and program
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234.66 Residential housing infrastructure revolving loan fund and program. (1) DEFINITIONS. In this section: (a) “Area median income” means the area median family income in the county in which the housing is located, adjusted for family size, as published annually by the federal …
Wis. Stat. § 234.661 Main street housing rehabilitation revolving loan fund and loan program
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234.661 Main street housing rehabilitation revolving loan fund and loan program. (1) DEFINITIONS. In this section: (a) “Area median income” means the area median family income in the county in which the housing is located, adjusted for family size, as published annually by the fe…
Wis. Stat. § 234.662 Commercial-to-housing conversion revolv- 234
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234.662 Commercial-to-housing conversion revolv- 234.662 ing loan fund and loan program. (1) DEFINITIONS. In this section: (a) “Area median income” means the area median family income in the county in which the housing is located, adjusted for family size, as published annually b…
Wis. Stat. § 234.665 Workforce home loan revolving loan program
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234.665 Workforce home loan revolving loan program. (1) DEFINITIONS. In this section: (a) “Applicant” means each person who is a member of a household and who is applying for a workforce home loan on behalf of that household. (b) “Area median income” means the area median family …
Wis. Stat. § 234.67 Recycling loan guarantees
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234.67 Recycling loan guarantees. (1) DEFINITIONS. In this section: (am) “Diaper service” means a business that supplies and launders cloth diapers. (c) “Guaranteed loan” means a loan on which the authority guarantees collection under sub. (3). (e) “Participating lender” means a …
Wis. Stat. § 234.75 Public affairs network loan guarantee program
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234.75 Public affairs network loan guarantee program. (1) DEFINITION. In this section, “public affairs network” means a nonprofit corporation organized under the laws of this state that has as its primary purpose the broadcast of proceedings of the legislature, including legislat…
Wis. Stat. § 234.83 Small business development loan guarantee program
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234.83 Small business development loan guarantee program. (1c) DEFINITION. In this section, “small business” means a business, as defined in s. 84.185 (1) (a), that employs 250 or fewer employees on a full-time basis. (1m) GUARANTEE REQUIREMENTS. The authority may use money from …
Wis. Stat. § 234.84 Job training loan guarantee program
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234.84 Job training loan guarantee program. (1) DEFINITION. In this section, “corporation” means the Wisconsin Economic Development Corporation. (2) GUARANTEE REQUIREMENTS. The authority may use money from the Wisconsin job training reserve fund to guarantee a loan under this sec…
Wis. Stat. § 234.86 Drinking water loan guarantee program
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234.86 Drinking water loan guarantee program. (1) DEFINITIONS. In this section: (a) “Community water system” means a public water system that serves at least 15 service connections used by year-round residents or that regularly serves at least 25 year-round residents. (b) “Depart…
Wis. Stat. § 234.88 Emergency heating assistance loan guarantees
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234.88 Emergency heating assistance loan guarantees. (1) DEFINITIONS. In this section: (a) “Emergency heating assistance loan” means a loan to an individual to finance extraordinary costs related to heating during a state of emergency declared by the governor under s. 323.10. (b)…
Wis. Stat. § 234.90 Agricultural production loan guarantees
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234.90 Agricultural production loan guarantees. (1) DEFINITIONS. In this section: (a) “Agricultural commodity” has the meaning given under s. 94.67 (2). (ad) “Agricultural production loan” means a loan to a farmer to finance the purchase of fertilizer, seed, fuel, pesticides, til…
Wis. Stat. § 234.905 Agricultural production disaster assistance loan guarantees
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234.905 Agricultural production disaster assistance loan guarantees. (1) DEFINITIONS. In this section: (a) “Agricultural commodity” has the meaning given under s. 94.67 (2). (b) “Agricultural production disaster assistance loan” means a loan to a farmer to finance extraordinary d…
Wis. Stat. § 234.907 Agricultural development loan guarantee program
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234.907 Agricultural development loan guarantee program. (1) DEFINITIONS. In this section: (d) “Guaranteed loan” means a loan on which the authority guarantees collection under sub. (3) or (4). (e) “Participating lender” means a bank, credit union, savings bank, savings and loan …
Wis. Stat. § 234.91 Farm assets reinvestment management loan guarantee program
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234.91 Farm assets reinvestment management loan guarantee program. (1) DEFINITIONS. In this section: (a) “Agricultural assets” means machinery, equipment, facilities, land or livestock used in agriculture or aquaculture. (b) “Farm credit service” includes a production credit asso…
Wis. Stat. § 234.92 Financial assistance; fees
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234.92 Financial assistance; fees. The authority may establish premiums, fees or other charges for providing financial assistance under programs guaranteed by the Wisconsin development reserve fund. History: 1989 a. 31, 359; 1993 a. 394; 1997 a. 27 s. 3360; Stats. 1997 s. 234.92.…
Wis. Stat. § 234.93 Wisconsin development reserve fund
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234.93 Wisconsin development reserve fund. 234.93(1)(1) Establishment of fund. There is established under the jurisdiction and control of the authority, for the purpose of providing funds for guaranteeing loans, a Wisconsin development reserve fund, consisting of all of the follo…
Wis. Stat. § 234.932 Wisconsin job training reserve fund
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234.932 Wisconsin job training reserve fund. (2) ESTABLISHMENT OF FUND. There is established under the jurisdiction and control of the authority, for the purpose of providing 234.932 funds for guaranteeing loans under s. 234.84, a Wisconsin job training reserve fund, consisting o…
Wis. Stat. § 234.933 Wisconsin drinking water reserve fund
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234.933 Wisconsin drinking water reserve fund. (1) DEFINITION. In this section, “drinking water loan guarantee program” means the program under s. 234.86. (2) ESTABLISHMENT OF FUND. There is established under the jurisdiction and control of the authority, for the purpose of provi…
Wis. Stat. § 234.94 Definitions
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234.94 Definitions. In this subchapter: (1) “Capital participation instrument” means: (a) Any of the following or an option or other right to acquire any of the following: 1. Common or preferred capital stock. 2. Convertible securities. 3. Evidences of long-term or short-term ind…
Wis. Stat. § 234.95 Community development finance company
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234.95 Community development finance company. (1) The community development finance company is the corporation organized for profit under ch. 180, or limited partnership organized under ch. 179, which was created under s. 233.05 (1), 1985 stats. The chairperson of the authority, …
Wis. Stat. § 234.96 Community development project participation
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234.96 Community development project participation. (1) The community development finance company may purchase a capital participation instrument of a project. The community development finance company may require that the project meet any of the following conditions: (a) The pro…
Wis. Stat. § 234.97 Sale or purchase of stock or interest
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234.97 Sale or purchase of stock or interest. Subject to s. 234.96 (1) (h), the authority shall do all of the following: (1) Use any funds received from the sale of community development finance company stock or partnership interest to purchase additional stock or partnership int…
Wis. Stat. § 234.98 Transferred assets
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234.98 Transferred assets. The assets and liabilities transferred from the Community Development Finance Authority under 1987 Wisconsin Act 399, section 3011 (2) (a) shall be separate from all other assets and liabilities of the Wisconsin Housing and Economic Development Authorit…