Page 13 - WHEDA Annual Report 2017

1980: WHFA issues first bonds for home ownership and single family housing rehabilitation loans. WHFA transitions from manual to computerized data processing to manage its housing portfolio.
1982: Celebrating its tenth anniversary, WHFA sells $100 million in home ownership mortgage revenue bonds to fund a large-scale program for low- to moderate-income home buyers.
1984: WHEDA surpasses $1 billion in total assets and awards its first grants through the WHEDA Foundation, Inc. to assist special needs housing providers in the acquisition or rehabilitation of housing units.
1986: WHEDA makes use of general reserves to develop the Linked Deposit Loan program, a financial resource designed specifically for women- and minority-owned businesses.
1988: WHEDA offers a first-of-its-kind Drought Relief Guarantee Program to help farmers get through financial hardship.
1981: WHFA receives $75 million in additional bonding authority for housing rehabilitation loans.
1983: In response to the recession, the Authority’s mission expands to include business and agriculture financing, becoming the Wisconsin Housing and Economic Development Authority (WHEDA).
1985: WHEDA provides cash-strapped state farmers with financing through the Credit Relief Outreach Program (CROP), issues its first small business loan financed by tax-exempt industrial revenue bonds and initiates the WHEDA Foundation Housing Grant program, making it the first HFA in the nation to administer such a program.
1987: WHEDA is the
first and only Wisconsin agency to administer the federal Low-Income Housing Tax Credit (LIHTC) program, created by the Tax Reform Act of 1986.
1989: Volume of single family mortgages surpasses the $1 billion plateau. WHEDA begins administering federal Section 8 rental vouchers.
WHEDA 1972-2017: 45 YEARS OF FIRSTS 13