Maddy summaryThis bill creates a revolving loan fund and program administered by the Wisconsin Housing and Economic Development Authority to provide financing for housing cooperatives. The program is designed to help these cooperatives build or purchase resident-owned housing, with a specific focus on manufactured or mobile home communities and multi-family apartment complexes. Loans issued under the program must have interest rates at or below market levels or be interest-free, and they require that at least 50 percent of the units remain affordable to households earning up to 80 percent of the area median income. Additionally, the bill appropriates $25 million to establish the fund and includes a requirement that the loan amount becomes due if the housing is sold, unless the sale is to a current resident under a rent-to-own agreement approved by the authority.
Total votes
372
all sessions
Attendance
99%
5 missed
Near the chamber average
With party
97%
of cast votes
Near the chamber average
Bipartisan score
2%
crosses aisle rarely
Near the chamber average
Sponsored
888
bills & resolutions
Higher than 93% of chamber peers
Committees
7
assignments
888 bills and resolutions
Sponsored bills
Total
888
Primary
888
Co-sponsor
0
This page
888
matching current filters
Relating to: creating a housing cooperative conversion revolving loan fund and loan program and making an appropriation. (FE)
Failed May 13, 2024
0 co-sponsors
Failed May 6, 2024
0 co-sponsors
Failed May 1, 2024
0 co-sponsors
Failed Apr 30, 2024
0 co-sponsors
Failed Apr 30, 2024
0 co-sponsors
Failed Apr 30, 2024
0 co-sponsors
Failed Apr 26, 2024
0 co-sponsors
Failed Apr 23, 2024
0 co-sponsors
Failed Apr 23, 2024
0 co-sponsors
Failed Apr 19, 2024
0 co-sponsors
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