This bill establishes a home repair program that provides financial assistance to eligible homeowners and landlords for fixing habitability issues, improving energy efficiency, and making housing accessible for individuals with disabilities. The program offers grants of up to $25,000 to homeowners and interest-free loans of up to $25,000 to landlords who own no more than 15 affordable housing units. Eligibility is limited to individuals or landlords with incomes at or below 100 percent of the area median income, and assistance is restricted to homes built between 10 and 40 years ago. The state authority will administer the program, potentially contracting with counties or nonprofit organizations to distribute funds while maintaining oversight through reporting and audit requirements.
This bill modifies property tax exemptions for nonprofit organizations that sell homes to low-income buyers. It allows nonprofits to qualify for tax breaks only if they either offer zero-interest loans or restrict sales to households earning less than 120 percent of the area median income. The changes apply to property tax assessments starting January 1, 2026, and affect nonprofits that rehabilitate, redevelop, or construct housing for low-income residents. The legislation removes a previous provision that allowed broader exemptions without income restrictions.
This bill creates a revolving loan program to provide gap funding for workforce housing projects that have already received some financial assistance but still need additional funds to complete construction. It authorizes the state housing authority to issue up to $50 million in bonds to establish a dedicated fund for these loans, which will be repaid by developers and reused to fund future projects. The program targets residential housing where costs do not exceed 30% of 120% of the area median income, benefiting developers and local governments that partner on eligible workforce housing initiatives. The bill also amends existing statutes to exempt these new bonds from certain spending limitations and requires coordination with the state building commission before issuing any bonds.
SB 942 amends state tax statutes to clarify how the low-income housing tax credit is claimed by entities and their members. It specifies that partnerships, limited liability companies, and tax-option corporations cannot claim the credit directly, but their individual partners, members, or shareholders may claim it based on the entity’s eligible costs. The bill requires entities to calculate and distribute credit amounts to members and mandates that individuals claiming credit under written agreements must submit those agreements with tax returns. It also adds a specific provision allowing insurers (as shareholders) to claim the credit based on costs incurred by the entity they are part of. This bill directly affects housing developers, investors, and insurers involved in low-income housing projects financed with tax-exempt bonds.
AB 1090 establishes a statewide policy to prevent and end homelessness, requiring specific strategies for older adults. It creates a property tax credit for Wisconsin seniors aged 65 or older who own their primary home, allowing them to claim a credit equal to the increase in their annual property taxes compared to the previous year. The credit is funded through a state appropriation, with eligibility limited to full-time homeowners who file tax claims, excluding part-year residents and nonresidents. The bill also amends statutes to integrate this credit into the state’s tax code under section 71.07(8d).
SB 1048 modifies property tax exemption rules for nonprofit organizations (501(c)(3) status) that sell properties to low-income households. It requires nonprofits to hold property for rehabilitation, redevelopment, or new construction specifically for sale to buyers with income below 120% of the area median income (using federal standards). The bill removes a previous requirement for nonprofits to offer interest-free loans to buyers and updates the income threshold for eligibility. This exemption applies to property tax assessments starting January 1, 2026, directly affecting nonprofits developing affordable housing for qualifying buyers.
AB 986 modifies property tax valuation rules for local governments (like cities and towns) that build qualifying infill housing projects. It defines "qualifying infill housing" as projects adding 2-6 new homes on older residential parcels (with 90% of the area developed for 10+ years), using existing infrastructure, and increasing total units. The bill changes how new construction value affects annual tax levy limits by including 90% of new property value in tax incremental districts (TIDs) and excluding removed improvements from these calculations. This adjustment aims to ease tax levy constraints for municipalities developing such housing without altering tax rates themselves.
AB 976 clarifies how tax credits for low-income housing projects are claimed by business entities. It modifies rules so partnerships, limited liability companies, and tax-option corporations cannot claim the credit directly; instead, their members or shareholders (including insurers who are part of such entities) may claim it based on the entity's eligible costs. The bill requires entities to calculate and distribute credit amounts to members/shareholders, with specific allocation rules for ownership interests or written agreements. It directly affects housing developers, investors, and insurers involved in low-income housing projects financed through tax-exempt bonds in the state. The changes standardize credit allocation across multiple tax code sections without altering eligibility or credit amounts.
AB 916 creates a state-funded home repair program to address habitability issues and improve energy efficiency in affordable housing. It provides grants of up to $25,000 per unit to eligible homeowners (income ≤100% of area median income who own or occupy their homes) and interest-free loans of up to $25,000 to eligible landlords (owning ≤5 properties/15 units of affordable housing). The program prioritizes repairs for homes with health/safety hazards, energy efficiency upgrades, and accessibility improvements for individuals with disabilities or young children. Properties must be between 10 and 40 years old to qualify, and funds are administered by the state authority or contracted counties/nonprofits with strict reporting requirements.
AB 280 amends Wisconsin tax credit rules to allow businesses to claim up to 15% of qualifying investments in workforce housing (for employees) and childcare programs as tax credits. It directly affects businesses that build, rehab, or establish housing/childcare for their employees, including contributions made to third parties like local revolving loan funds. The bill defines "investments" to include both direct capital expenditures and third-party contributions toward these projects. The tax credit applies to taxable years beginning January 1, 2026, and is administered by the Wisconsin Economic Development Corporation.
