WI AB194

Increases maximum loan amounts for WHEDA housing programs: Infrastructure Access Program loans rise from 20% to 33% of project costs for developers and 10% to 25% for governmental units; Restore Main Street Program loans increase from $20,000 to $50,000 per dwelling unit and from 25% to 33% of project costs; Vacancy-to-Vitality Program loans increase from 20% to 33% of project costs with the $1,000,000 cap eliminated

Expands eligibility to include tribal housing authorities and business entities created by tribal councils as developers, and allows projects on tribal reservation or trust lands not subject to property taxes

Permits eligible projects to benefit from tax incremental districts and use historic tax credits, which is currently prohibited under existing law

Requires WHEDA to distribute remaining unencumbered 2023-25 fiscal biennium funds so no region receives more than 12.5% of total appropriated amounts, with regions based on regional planning commission jurisdictions

Lowers the minimum dwelling unit threshold for Vacancy-to-Vitality Program eligibility from 16 units to 4 units for governmental units with populations of 10,000 or less, and expands eligible projects to include mixed-use developments containing residential housing