Articles related to: WHEDA
New program allows WHEDA to refinance loans to its borrowers
The Wisconsin Housing and Economic Development Authority (WHEDA) has rolled out its new Refi Advantage program. Effective August 30, 2013, WHEDA is refinancing loans to borrowers whose loans are owned or serviced by WHEDA.
Governor Scott Walker signed Senate Bill 151 into law on July 13, 2013, that gave WHEDA the ability to refinance. The WHEDA Refi Advantage will be available to homeowners who are current with their mortgage payments, have a good standing mortgage payment history and have a strong overall …
Two Milwaukee recipients are located within “Transform Milwaukee” initiative
The Wisconsin Housing and Economic Development Authority (WHEDA) has announced the WHEDA Foundation, Inc. is awarding $500,000 in housing grants to special needs housing providers throughout the state. These grants, awarded during WHEDA’s annual Housing Grant Program competition, help housing providers build new facilities or make improvements to their existing facilities.
“WHEDA has been very fortunate to provide financial support to special needs housing providers in need through our foundation for more than 25 years,” said WHEDA executive director Wyman Winston.
“Wisconsin residents in …
Governor Scott Walker signed Senate Bill 151 into law this week at Mound City Bank in Platteville. Senate Bill 151 allows the Wisconsin Housing and Economic Development Authority (WHEDA) to refinance loans to borrowers whose loans are owned or serviced by WHEDA. Previously, WHEDA could not refinance loans to its borrowers. The new program will be called the WHEDA Refi Advantage.
“This bill, potentially impacting thousands of WHEDA borrowers, provides those homeowners an economic option that can lower their monthly payments, give them extra disposable income, help them build equity …
Tony Kearney walks into a classroom in the Northcott Neighborhood House on the north side of Milwaukee. Every seat is filled by 24 African American men learning construction. Kearney, the Project Director for the 50-year-old nonprofit organization, brings good news.
All of the students have passed the state lead abatement worker test. The class erupts into applause. Kearney is all smiles.
Northcott has partnered with Oregon, Wisconsin based developer Gorman & Company on the landmark housing restoration effort called the Northside Housing Initiative. The project featured the construction of 40 rent-to-own, single …
NMTC program promotes job creation through investment in low-income communities
The Wisconsin Housing and Economic Development Authority (WHEDA), through its Community Development Entity, the Greater Wisconsin Opportunities Fund, Inc.
(GWOF), is the recipient of $35 million in New Markets Tax Credits (NMTCs) by the U.S. Department of the Treasury in the 2012 round of the NMTC program.
The tax credits are a resource to help fuel job creation and economic development efforts by promoting equity investment in low-income urban and rural communities. WHEDA allocates NMTCs to enhance financing for projects in highly distressed …
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The Wisconsin Housing and Economic Development Authority (WHEDA) has announced the WHEDA Foundation, Inc. is awarding $500,000 in housing grants to special‐needs housing providers throughout the state. These grants, awarded during WHEDA’s annual Housing Grant Program competition, help housing providers build new facilities or make improvements to their existing facilities.
“WHEDA has proudly offered financial support to specialneeds housing providers through our foundation since 1985,” said WHEDA executive director Wyman Winston. “These providers supply Wisconsin citizens in crisis safe, affordable housing. I’m delighted this year’s grant monies to 25 award recipients …
Head of Northcott Neighborhood House has long record of community service in Milwaukee
MADISON– The Executive Director of Milwaukee’s Northcott Neighborhood House, McArthur (Mac) Weddle is a new member of the Wisconsin Housing and Economic Development Authority (WHEDA) Board of Directors. Weddle’s appointment was confirmed by the Wisconsin State Senate on January 17, 2012.
“I’m delighted that my very good friend and colleague is now a part of our outstanding WHEDA Board of Directors,” said WHEDA Executive Director Wyman Winston. “Mac Weddle has been successful in hiring local residents for redevelopment and …
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Bi-Partisan Veteran’s Bill gets hearing; supports Weddle appointment to WHEDA board
Senator Lena C. Taylor (D-Milwaukee) testified this week on a major veteran’s employment initiative, which she authored. in the Senate Committee on Economic Development and Veterans and Military Affairs.
Senate Bill 312 (SB 312), which would expand Veterans Preference Points in the state civil service systems to include members of the Reserves and the National Guard. The bill has received bipartisan support and was coauthored by Senator Taylor and Representative Andy Jorgensen (D-Fort Atkinson).
The bill expands current law to allow members …
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Plans include 24 apartments and year-round fresh market
In 2009 Associates in Commercial Real Estate (ACRE) students at Marquette University presented their class project, a twenty-four unit apartment building with a year-round farmers market, before a panel of bankers, city leaders and peers. The class project was well received and the students, Tina M Anderson and Sherry Terrell-Webb, decided to make their school project a reality.
“In two years I went from real estate novice to the developer of a six million dollar project featuring cutting edge green technology and sheltering a …
State Representative Jason Fields (D-Milwaukee) last week introduced the Small Business Loan Guarantee legislation.
“One of the most significant factors for African American businesses is lack of access to capital,” stated Rep. Fields. “I am pleased to work with Rep. Fred Clark to expand the types of businesses eligible for the small business loan guarantee program and the funds available for loans.” Small businesses employ about half of U. S. workers and over the past 17 years have generated 65 percent of new jobs.
This bill expands and updates WHEDA’s Small Business …