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What is WHEDA and how can it Help ME?
What is WHEDA and how can it Help ME?
The American Dream usually consists of a few major items for the majority of people; a satisfactory, well-paying job, dependable transportation and an affordable home to call their own.  Lots of initiatives have been offered over the years to help people in middle to low income brackets afford a home purchase.  The Wisconsin Housing and Economic Development Authority (WHEDA) has filled that need for over 40 years.
Early Beginnings
In 1972 WHEDA was organized by the state legislature of Wisconsin.  However, the group does not operate as a state agency.  Instead, WHEDA is independent, giving it more flexibility in its dealings.
Mission
WHEDA exists to offer affordable financing to people in moderate to low income brackets.  The loans are fixed rate mortgages and aimed at helping people obtain their first home.
WHEDA works in conjunction with a host of different groups such as developers, lenders, nonprofits and local governments in order to ensure that there are affordable homes for deserving individuals.
The agency also offers financing to developers that plan to offer rental properties for low or moderate income individuals and families.
Small business loans are also offered to aid agriculture initiatives ... more

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