LRB-5762/1
MPG:cdc
2023 - 2024 LEGISLATURE
February 8, 2024 - Introduced by Representatives Armstrong and Brooks,
cosponsored by Senator Quinn. Referred to Committee on Housing and Real
Estate.
AB1075,1,2
1An Act to amend 234.66 (4) (f) of the statutes;
relating to: regional allocation
2of residential housing infrastructure revolving loan.
Analysis by the Legislative Reference Bureau
Current law authorizes the Wisconsin Housing and Economic Development
Authority to award revolving loans to residential housing developers for eligible
housing infrastructure projects supporting workforce and senior housing. Among
other loan requirements, current law requires WHEDA to divide the state into
regions based on the service jurisdiction of each regional planning commission
constituted under current law, with the counties not served by a regional planning
commission constituting collectively one region. Current law provides that no such
region may receive more than 25 percent of such loan amounts in any given
application cycle.
This bill changes that 25 percent loan award allocation requirement to provide
that no such region may receive more than 12.5 percent of the moneys appropriated
for such loans in the 2023-25 fiscal biennium.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB1075,2,7
1234.66
(4) (f) The authority shall divide the state into regions based on the
2service jurisdiction as of June 24, 2023, of each regional planning commission
3constituted under s. 66.0309, with the counties not served by a regional planning
4commission as of that date constituting collectively one region. Of all moneys
5deposited in the fund under sub. (2) (a) 1. in the 2023-25 fiscal biennium, no region
6may receive more than
25 12.5 percent
of those moneys in loans awarded under this
7subsection and sub. (5)
in any given application cycle.
