Page 11 - WHEDA Annual Report 2017

From the beginning: 1972-1979
1972: The state Legislature enacts a law and appropriates $250,000 in seed money establishing the Wisconsin Housing Finance Authority (WHFA) to address Wisconsin’s affordable housing shortage.
1974: First bond offering raises over $27 million for WHFA multifamily loans.
1973: WHFA begins principle program operations following a favorable decision on constitutionality by the Wisconsin Supreme Court.
1975: WHFA is the nation’s first state Housing Finance Agency (HFA) to successfully market long-term bonds used to finance Section 8 multifamily housing developments.
1977: WHFA is the first HFA in the nation to coordinate the distribution of subsidized housing with the Department of Housing and Urban Development (HUD) and Farmers Home Administration.
1979: WHFA repays in full $250,000 in initial seed money appropriated by the state. Began rehabilitation and preservation pro- gram of historically significant buildings for multifamily housing.
1976: WHFA is first HFA to have newly constructed units in occupancy.
1978: WHFA surpasses 12,000 units in total production across Wisconsin. Initiates requirement on all WHFA-financed developments to have units designed for the physically disabled.
WHEDA 1972-2017: 45 YEARS OF FIRSTS 11