Gov. Tony Evers, together with the Wisconsin Housing and Economic Development Authority (WHEDA), announced in a press release today that the Infrastructure Access Loan program is now available to developers and municipalities statewide.
The Infrastructure Access Loan program provides loan funding to cover the costs of installing, replacing, upgrading, or improving public infrastructure related to workforce housing or senior housing. These costs are typically covered by the developer. Borrowers can apply for up to 20% of the total development cost of residential housing and related infrastructure at a low-interest rate of 3%, or 1% in municipalities with a population of fewer than 10,000 or for senior housing.
Along with the Infrastructure Access Loan program, WHEDA is also administering funding for two other loan programs that have emerged from the workforce housing legislation — the Restore Main Street and Vacancy-to-Vitality loan programs. WHEDA will accept applications semiannually, in the spring and in the fall, for all three loan programs until all funds are distributed to eligible affordable housing projects.
For additional information about the loan programs, please visit WHEDA’s website.
