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The Wisconsin Legislature created the Wisconsin Housing and Economic Development Authority (WHEDA) in 1972 to meet an increasing need for affordable housing financing. The Legislature broadened WHEDA’s purpose in 1983 to include financing for the expansion of business and agricultural activity in Wisconsin.
WHEDA works closely with lenders, developers, local government, nonprofits, community groups and others to implement its low-cost financing programs. Since 1972, WHEDA has financed more than 77,000 affordable rental units, helped more than 118,000 families purchase a home and made more than 29,000 small business and agricultural loan guarantees.
WHEDA is an independent authority, not a state agency, and receives no tax dollars for its programs and operations. As a lender, WHEDA has over $3 billion in assets.