WI AB916

Wisconsin Housing and Economic Development Authority (WHEDA) would establish a home repair program to address habitability concerns (asbestos, mold, pests, lead), implement energy efficiency measures, and make homes accessible for individuals with disabilities

Grants up to $25,000 per unit available to homeowners with household incomes below 100% of area median income; interest-free loans up to $25,000 per unit available to small landlords (no more than 5 properties/15 units) renting affordable housing

Priority given to homeowners with disabilities and homeowners with children age 5 or younger; homes must be between 10 and 40 years old to qualify

Clawback provisions require homeowners who sell within 4 years to repay a portion of the grant (80% if sold within year 1, decreasing to 20% if sold in year 4); landlords must repay the full loan balance if they sell within 4 years

Program funded by 50% of real estate transfer fee revenues transmitted to the state by counties; WHEDA may contract with counties or nonprofits to administer the program and must submit annual reports to the legislature