Housing (Property Development)

SB 180 modifies Wisconsin's housing programs under the Wisconsin Housing and Economic Development Authority (WHEDA). It allows WHEDA to offer loans with interest rates at or below market rate minus 1% (or no interest) and requires newly constructed workforce or senior housing to remain affordable for 10 years after initial occupancy. For owner-occupied homes, it restricts resale prices to the original purchase price plus annual inflation (capped at 5% per year), with these rules recorded on property deeds and published online by WHEDA. The bill directly affects developers receiving WHEDA loans and future homeowners purchasing qualifying affordable housing units, applying to new loans starting January 1, 2026.