Wisconsin Workforce Housing and Rental Preservation Act

Status: HopperState: WisconsinIssue: Housing

Summary

This bill creates a Wisconsin program offering grants and low-interest loans to build and rehab multifamily housing near jobs, transit, and downtown areas. It also funds repairs for older rentals in exchange for affordability commitments and requires annual public reporting on results and spending.

Full text

The State of Wisconsin shall create a Workforce Housing and Rental Preservation Program within the Wisconsin Housing and Economic Development Authority to provide competitive grants and low-interest loans for the construction and rehabilitation of multifamily housing located near major employment centers, transit corridors, and downtown districts, with priority for projects reserving units affordable to households earning between 50 and 120 percent of area median income. The program shall also fund health, safety, energy-efficiency, and code-compliance repairs for aging rental properties in exchange for enforceable affordability commitments, streamlined state review shall be offered for qualifying developments consistent with local zoning, and an annual public report shall detail units created, units preserved, geographic distribution, and program expenditures.

Sponsor

Marcus DonovanDemocratic Party

Cosponsors

ColeRepublican Party
Charlene ShortDemocratic Party

Debate

Debate has not started yet. Once this bill is scheduled to the floor, chamber coverage and statements will appear here.