Amendment SA20-SSA2-SB45

2025 - 2026 LEGISLATURE

LRBb0685/1

MDE:skw

SENATE AMENDMENT 20, TO SENATE SUBSTITUTE AMENDMENT 2, TO SENATE BILL 45

July 2, 2025 - Offered by Senators Hesselbein, Smith, Spreitzer, Drake, L. Johnson, Roys, Carpenter, Dassler-Alfheim, Habush Sinykin, Keyeski, Larson, Pfaff, Ratcliff and Wall.

SB45-SSA2-SA20,1,1 At the locations indicated, amend the substitute amendment as follows:

SB45-SSA2-SA20,1,2 1. At the appropriate places, insert all of the following:

SB45-SSA2-SA20,1,4 “Section 1. 234.66 (1) (b) of the statutes is renumbered 234.66 (1) (b) (intro.) and amended to read:

SB45-SSA2-SA20,1,6 234.66 (1) (b) (intro.) “Developer” means a person other than a governmental unit that constructs or creates residential housing. and that is any of the following:

SB45-SSA2-SA20,2 Section 2. 234.66 (1) (b) 1. of the statutes is created to read:

SB45-SSA2-SA20,1,8 234.66 (1) (b) 1. A person other than a governmental unit.

SB45-SSA2-SA20,3 Section 3. 234.66 (1) (b) 2. of the statutes is created to read:

SB45-SSA2-SA20,1,10 234.66 (1) (b) 2. A tribal housing authority created by a tribal council.

SB45-SSA2-SA20,4 Section 4. 234.66 (1) (g) (intro.) and 1. of the statutes are consolidated, renumbered 234.66 (1) (g) and amended to read:

SB45-SSA2-SA20,2,7 234.66 (1) (g) “Residential housing” means new single-family or multifamily housing for rent or sale that satisfies all of the following: 1. Is is subject to taxation under ch. 70 or is not subject to taxation under ch. 70 because it is designated as reservation lands, as defined in s. 165.92 (1) (a), or trust lands, as defined in s. 165.92 (1) (d).

SB45-SSA2-SA20,5 Section 5. 234.66 (1) (g) 2. of the statutes is repealed.

SB45-SSA2-SA20,6 Section 6. 234.66 (1) (g) 3. of the statutes is repealed.

SB45-SSA2-SA20,7 Section 7. 234.66 (4) (a) 5. of the statutes is amended to read:

SB45-SSA2-SA20,3,2 234.66 (4) (a) 5. The eligible governmental unit has reduced the cost of residential housing in connection with the eligible project by voluntarily revising zoning ordinances, subdivision regulations, or other land development regulations to increase development density, expedite approvals, reduce impact, water connection, and inspection fees, or reduce parking, building, or other development costs with respect to the development of residential housing supported by the project. For purposes of this subdivision, the governmental unit in cooperation with the developer shall submit to the authority a cost reduction analysis in a form prescribed by the authority and signed by the developer and the head of the governmental unit’s governing body that shows the cost reduction measures, including time saving measures, undertaken by the governmental unit on or after January 1, 2023 2015, that have reduced the cost of residential housing in connection with the eligible project. The signed analysis shall clearly show for each time saving or cost reduction measure the estimated time or dollar amount saved by the developer and the estimated percentage reduction in housing costs.

SB45-SSA2-SA20,8 Section 8. 234.66 (4) (a) 7. of the statutes is repealed.

SB45-SSA2-SA20,9 Section 9. 234.66 (4) (c) 2. of the statutes is amended to read:

SB45-SSA2-SA20,3,7 234.66 (4) (c) 2. No loan awarded under this subsection may exceed 20 33 percent of the total cost of development, including land purchase, of the residential housing supported by the eligible project.

SB45-SSA2-SA20,10 Section 10. 234.66 (4) (cm) of the statutes is created to read:

SB45-SSA2-SA20,3,12 234.66 (4) (cm) The developer may use up to 25 percent of loan moneys for private infrastructure that is not and will not be owned, maintained, or provided to or by a governmental unit and is not in a rural area and transferred to public use but that otherwise meets the definition of housing infrastructure under sub. (1) (e).

SB45-SSA2-SA20,11 Section 11. 234.66 (5) (c) of the statutes is amended to read:

SB45-SSA2-SA20,3,16 234.66 (5) (c) No loan awarded under this subsection may exceed 10 25 percent of the amount of the total cost of development of the residential housing supported by the eligible project.

SB45-SSA2-SA20,12 Section 12. 234.661 (1) (b) of the statutes is amended to read:

SB45-SSA2-SA20,3,20 234.661 (1) (b) “Eligible political subdivision” governmental unit” means the city, village, town, or county governmental unit having jurisdiction over an eligible project, as determined by the authority.

SB45-SSA2-SA20,13 Section 13. 234.66 (1) (cm) of the statutes is created to read:

SB45-SSA2-SA20,3,23 234.66 (1) (cm) “Governmental unit” means a city, village, town, county, or federally recognized American Indian tribe or band in this state.

SB45-SSA2-SA20,14 Section 14. 234.661 (1) (e) of the statutes is renumbered 234.661 (1) (e) (intro.) and amended to read:

SB45-SSA2-SA20,4,5 234.661 (1) (e) (intro.) “Rental housing” means single-family or multifamily housing offered or intended to be offered for rent that to which any of the following applies:

SB45-SSA2-SA20,4,6 1. The housing is subject to taxation under ch. 70.

SB45-SSA2-SA20,15 Section 15. 234.66 (1) (e) 2. of the statutes is created to read:

SB45-SSA2-SA20,4,10 234.66 (1) (e) 2. The housing is not subject to taxation under ch. 70 because it is designated as reservation lands, as defined in s. 165.92 (1) (a), or as trust lands, as defined in s. 165.92 (1) (d).

SB45-SSA2-SA20,16 Section 16. 234.661 (1) (c) 5. of the statutes is repealed.

SB45-SSA2-SA20,17 Section 17. 234.661 (1) (c) 6. of the statutes is repealed.

SB45-SSA2-SA20,18 Section 18. 234.661 (3) (b) (intro.) of the statutes is amended to read:

SB45-SSA2-SA20,4,22 234.661 (3) (b) (intro.) From the main street housing rehabilitation revolving loan fund, the authority may award loans to owners of rental housing to cover housing rehabilitation costs for an eligible project. Any owner of rental housing, other than a city, village, town, or county governmental unit, may apply to the authority for a loan in accordance with the application process established by the authority under par. (c), but the authority may not award the loan unless the owner of the rental housing and eligible political subdivision governmental unit demonstrate to the satisfaction of the authority in one or more forms prescribed by the authority that all of the following apply:

SB45-SSA2-SA20,19 Section 19. 234.661 (3) (b) 3. of the statutes is amended to read:

SB45-SSA2-SA20,5,14 234.661 (3) (b) 3. The eligible political subdivision governmental unit has reduced the cost of rental housing in connection with the eligible project by voluntarily revising zoning ordinances, subdivision regulations, or other land development regulations to increase development density, expedite approvals, reduce impact fees, or reduce parking, building, or other development costs with respect to the eligible project. For purposes of this subdivision, the political subdivision governmental unit in cooperation with the owner shall submit to the authority a cost reduction analysis in a form prescribed by the authority and signed by the owner and the head of the political subdivision’s governmental unit’s governing body that shows the cost reduction measures, including time saving measures, undertaken by the political subdivision governmental unit on or after January 1, 2023 2015, that have reduced the cost of rental housing in connection with the eligible project. The signed analysis shall clearly show for each time saving or cost reduction measure the estimated time or dollar amount saved by the owner and the estimated percentage reduction in rental housing costs.

SB45-SSA2-SA20,20 Section 20. 234.661 (3) (b) 4. of the statutes is amended to read:

SB45-SSA2-SA20,5,18 234.661 (3) (b) 4. The eligible political subdivision governmental unit is in compliance with the requirements under ss. 66.1001, 66.10013, and 66.10014, to the extent those requirements apply to the political subdivision governmental unit.

SB45-SSA2-SA20,21 Section 21. 234.661 (3) (b) 5. of the statutes is repealed.

SB45-SSA2-SA20,22 Section 22. 234.661 (3) (c) of the statutes is amended to read:

SB45-SSA2-SA20,6,4 234.661 (3) (c) The authority shall establish a semiannual application process for the award of loans under this subsection. If in any application cycle there are insufficient moneys available in the main street housing rehabilitation revolving loan fund to fund all applications that meet the requirements under par. (b) and are otherwise acceptable to the authority, the authority shall prioritize funding loans for eligible projects in eligible political subdivisions governmental unit that have reduced the cost of rental housing as described in par. (b) 3. but with respect to the political subdivision governmental unit as a whole.

SB45-SSA2-SA20,23 Section 23. 234.661 (3) (d) of the statutes is amended to read:

SB45-SSA2-SA20,6,10 234.661 (3) (d) No loan awarded under this subsection may exceed $20,000 $50,000 per dwelling unit or 25 33 percent of the total housing rehabilitation project costs, whichever is less, and the authority may establish an interest rate for any loan awarded under this subsection at or below the market interest rate or may charge no interest.

SB45-SSA2-SA20,24 Section 24. 234.661 (5) (b) 4. of the statutes is amended to read:

SB45-SSA2-SA20,6,13 234.661 (5) (b) 4. An identification of the eligible political subdivision governmental unit with respect to which the loan was awarded.

SB45-SSA2-SA20,25 Section 25. 234.662 (1) (c) of the statutes is renumbered 234.662 (1) (c) (intro.) and amended to read:

SB45-SSA2-SA20,6,18 234.662 (1) (c) (intro.) “Developer” means a person other than a city, village, town, or county, that converts a vacant commercial building to residential use. and that is any of the following:

SB45-SSA2-SA20,26 Section 26. 234.662 (1) (c) 1. of the statutes is created to read:

SB45-SSA2-SA20,6,20 234.662 (1) (c) 1. A person other than a city, village, town, or county.

SB45-SSA2-SA20,27 Section 27. 234.662 (1) (c) 2. of the statutes is created to read:

SB45-SSA2-SA20,6,22 234.662 (1) (c) 2. A tribal housing authority created by a tribal council.

SB45-SSA2-SA20,28 Section 28. 234.662 (1) (d) of the statutes is amended to read: