WI SB1095

Income eligibility threshold changes from a fixed $20,000 limit to 80% of the area median income for the county where the property is located

Maximum annual loan amount increases from $3,525 to $5,000, with required annual adjustments for inflation based on the U.S. Consumer Price Index

WHEDA may spend up to 5% of program allocations on marketing and advertising for the property tax deferral loan program

Program serves homeowners age 65 or older and qualifying veterans of any age to help pay property taxes, special assessments, and related interest/penalties

Changes apply to loan applications filed on or after the bill's effective date