April 11, 2024 - Introduced by Representatives Madison, Doyle, Ratcliff, Baldeh, Bare, Clancy, Joers, Moore Omokunde and Stubbs. Referred to Committee on Government Accountability and Oversight.
AB1215,,22An Act to create 20.490 (3m) and 234.47 of the statutes; relating to: grants and loans for housing cooperative infrastructure improvements and making an appropriation. AB1215,,33Analysis by the Legislative Reference Bureau This bill creates a housing cooperative infrastructure improvements loan and grant program, under which the Wisconsin Housing and Economic Development Authority may issue loans and award grants to housing cooperatives for infrastructure improvements. Under the bill, a recipient of a loan or grant may use the moneys received for additions, alterations, or repairs to housing and communal property owned by the housing cooperative to maintain it in a decent, safe, and sanitary condition or to restore it to that condition, to reduce the cost of owning or occupying dwelling units, to conserve energy, and to extend the economic or physical life of structures. Such additions may include storm shelters and community facilities. Under the bill, WHEDA may target the program to housing cooperatives that own manufactured or mobile home communities and housing cooperatives that own multi-family apartment complexes.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
AB1215,,44The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: AB1215,15Section 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: AB1215,26Section 2. 20.490 (3m) of the statutes is created to read: AB1215,,7720.490 (3m) Infrastructure improvement assistance. (a) Housing cooperative infrastructure improvement loan and grant program. As a continuing appropriation, the amounts in the schedule for housing cooperative infrastructure improvement loans and grants under s. 234.47. AB1215,38Section 3. 234.47 of the statutes is created to read: AB1215,,99234.47 Housing cooperative infrastructure improvements loan and grant program. (1) Definitions. In this section: AB1215,,1010(a) “Housing cooperative” means a cooperative incorporated under ch. 185 or organized under ch. 193 that owns residential property that is used or intended to be used, in whole or in part, by the members of the cooperative as their homes or primary residences. AB1215,,1111(b) “Manufactured home” has the meaning given in s. 101.91 (2). AB1215,,1212(c) “Manufactured or mobile home community” means any plot or plots of ground upon which 3 or more manufactured or mobile homes that are occupied for dwelling or sleeping purposes are located. “Manufactured or mobile home community” does not include a farm where the occupants of the manufactured or mobile homes are the father, mother, son, daughter, brother, or sister of the farm owner or operator or where the occupants of the manufactured or mobile homes work on the farm. AB1215,,1313(d) “Mobile home” has the meaning given under s. 101.91 (10), but does not include a recreational vehicle, as defined in s. 340.01 (48r). AB1215,,1414(2) Establishment and administration of program. (a) The authority shall establish and administer a housing cooperative infrastructure loan and grant program for the purpose of issuing loans and awarding grants under this subsection. AB1215,,1515(b) From the appropriation under s. 20.490 (3m) (a), the authority may issue loans and award grants to housing cooperatives for infrastructure improvements. The authority may target the program to housing cooperatives that own manufactured or mobile home communities and housing cooperatives that own multi-family apartment complexes. AB1215,,1616(c) A recipient of a loan or grant under this subsection may use moneys received under this subsection for additions, alterations, or repairs to housing and communal property owned by the housing cooperative to maintain it in a decent, safe, and sanitary condition or to restore it to that condition, to reduce the cost of owning or occupying dwelling units, to conserve energy, and to extend the economic or physical life of structures. Such additions may include storm shelters and community facilities. AB1215,,1717(3) Policies and procedures. The authority shall establish policies and procedures to administer the housing cooperative infrastructure improvements loan and grant program.
