WHEDA Issues $165 Million in Single Family Bonding

The Wisconsin Housing and Economic Development Authority (WHEDA) has issued $165 million of Home Ownership Revenue Bonds that will be used to fund WHEDA first-time home buyer mortgages.

Proceeds are expected to be spent before June 30, 2019, during the heart of the annual spring home buying season.

“I’m excited about the bonding because this provides funding for our first-time home buyer loans in addition to some down payment assistance,” said WHEDA Chief Financial Officer Sherry Gerondale. “The first-time home buyer represents about 65% of our volume, so the bonding will be a substantial benefit to our customers.”...

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Ken Notes: I Madison we need a two pronged approach. Loans for first time home buyers and HOMES THEY CAN AFFORD...