Wisconsin 2023-2024 Regular Session Status: Enacted Bipartisan · 15 R · 5 D cosponsors

AB 267 — Relating to: housing rehabilitation loans awarded by the Wisconsin Housing and Economic Development Authority. (FE)

Last action — Published 6-23-2023

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced May 16, 2023. Enacted.

Signed by Governor Tony Evers (Democratic) on June 23, 2023.

Prognosis

Likely to advance 98% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 28 sponsors

    28 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (15 R · 5 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

148 added · 57 removed

Plain-language change summary

The recent amendment to Bill AB 267 changes how housing rehabilitation loans are handled by the Wisconsin Housing and Economic Development Authority. It adds specific criteria regarding environmental contamination, like lead and mold, that must be addressed in order to qualify for loans. Additionally, it modifies the income threshold for applicants by making it based on the appraised value of the property instead of assessed value, which could ultimately affect a larger number of homeowners seeking financial assistance for property improvements. These updates aim to enhance the support available for home rehabilitations while ensuring safer living conditions.

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Latest
- 2024 LEGISLATURE LRBa0231/3 MPG:klm/cjs/amn ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 267 June 5, 2023 - Offered by RepresentatiROOKS .
- 2024 LEGISLATURE LRB-2771/1 MPG:amn ASSEMBLY BILL 267 May 16, 2023 - Introduced by Representatives P ENTERMAN , BROOKS, EMERSON , ROZAR , C.A NDERSON , BRANDTJEN, D ITTRIC, DONOVAN , DUCHOW , EDMING , G REEN, UNDRUM , JOERS, ITCHENS, MURPHY, OCONNOR , ORTIZVELEZ, PETRYK, PLUMER , RETTINGER, SCHRAA , SHANKLAND , SINICK, SWEARINGEN , SNYDER , TRANEL , WICHGERS and K RUG, cosponsored by Senators STROEBEL , QUINN, JACQUE , ABRAL-GUEVARA and JAGLER.
At the locations indicated, amend the bill as follows:
Referred to Committee on Housing and Real Estate.
A N A CT to amend 234.045 (1) (intro.), 234.045 (1) (a), 234.045 (2) (a) 2., 234.045 (2) (a) 3., 234.045 (2) (b), 234.53 (2), 234.53 (2m), 234.53 (4) and 234.53 (5);
and to create 234.045 (2) (a) 4.
to 6.
and 234.53 (1m) of the statutes;
relating to:
housing rehabilitation loans awarded by the Wisconsin Housing and Economic Development Authority.
Analysis by the Legislative Reference Bureau Current law authorizes the Wisconsin Housing and Economic Development Authority to make low-interest or no-interest loans from WHEDA's housing rehabilitation loan fund for the rehabilitation of certain residential properties if the rehabilitation consists of certain structural improvements or the removal of lead paint.
Specifically, the authority may make such a loan to a loan applicant if all of the following apply:
Page 3, line 1:
The applicant's household annual income does not exceed 120 percent of the area median family income for the county in which the housing is located.
delete “paint or asbestos or other internal environmental contamination" and substitute “paint, asbestos, mold, or other internal environmental contamination in accordance with applicable local, state, and federal laws and regulations".
Page 3, line 19:
The applicant's home is a single-family residence that the applicant occupies and that was constructed before 1980.
delete “6." and substitute “8.".
Page 3, line 21:
The applicant agrees to repay the loan, including all interest, upon the applicant selling or otherwise transferring title to the residence to another person or upon the applicant and his or her family vacating the residence.
delete “125 percent of the assessed" and substitute “100 percent of the appraised".
Also, under current law, the housing rehabilitation loan fund consists of amounts credited to the fund from WHEDA's issuance of bonds.
4.
- 2024 Legislature - 2 - LRB-2771/1 MPG:amn ASSEMBLY BILL 267 Under this bill, all moneys appropriated to WHEDA for the housing rehabilitation loan fund during the 2023-25 fiscal biennium are credited to that fund and must be used for the housing rehabilitation loans described above, except that the bill makes a number of changes to that housing rehabilitation loan program, including the following:
Page 3, line 25:
1.
after that line insert:
Rather than being constructed before 1980, the applicant's home must have been constructed at least 40 years prior to the date of the applicant's application for a housing rehabilitation loan.
“7.
Additionally, the bill specifies that the home must be the applicant's primary residence.
The applicant's home has not been the subject of a claim for a state or federal historic rehabilitation tax credit, as determined by the authority.
8.
The applicant's home has not received financial assistance from tax increments generated by an active tax incremental district.”.
LRBa0231/3 - 2024 Legislature - 2 - MPG:klm/cjs/amn 5.
Page 4, line 3:
delete lines 3 and 4 and substitute “under parbelow at or the market interest rate or may charge no interest.”.
6.
Page 4, line 4:
after that line insert:
“S ECTION 6e.
234.045 (2) (c) of the statutes is created to read:
234.045 (2) (c) If a loan recipient's home contains lead paint, asbestos, or mold, the authority's loan agreement with the recipient shall require the recipient to remediate the hazardous material or condition as required by and in accordance with local, state, and federal laws or regulations.
S ECTION 6g.
234.045 (3) of the statutes is created to read:
234.045 (3) P OLICIES AND PROCEDURES.The authority shall establish policies and procedures to administer the housing rehabilitation loan fund and the program under this section.
The policies and procedures shall, to the extent practicable, do all of the following:
(a) Incorporate the authority's policies and procedures for establishing credit underwriting guidelines.
(b) Establish loan repayment requirements.”.
7.
Page 5, line 3:
Show all 131 changed rows (91 more)
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Latest
after that line insert:
“S ECTION 9g.
234.53 (3) of the statutes is repealed and recreated to read:
234.53 (3) No moneys in the fund may be invested under s.
234.03 (18).
S ECTION 9r.
234.53 (3m) of the statutes is created to read:
234.53 (3m) (a) In its discretion, the authority may invest fund moneys that are not required for immediate use or disbursement in all of the following to the extent lawful for fiduciaries in this state:
LRBa0231/3 - 2024 Legislature - 3 - MPG:klm/cjs/amn 1.
An obligation of the United States or one of its agencies or instrumentalities, or an obligation the principal and interest of which are guaranteed by the United States or one of its agencies or instrumentalities.
An obligation of any state, or of any county, city, or other political subdivision of a state, having long-term ratings in the AA category or higher.
The loan term may not exceed 15 years.
A certificate of deposit.
The authority may not charge zero interest on a loan.
The state investment fund.
The amount of the loan may not exceed $50,000 or 125 percent of the assessed value of the applicant's home after completion of the eligible rehabilitation.
A money market mutual fund restricted to one or more investments as provided in subd.
The applicant may not have another housing rehabilitation loan pending with the authority at the time of application.
1., 2., 3., or 4.
6.
(b) All investments under par.
The applicant must agree to the terms of the loan, including a requirement to repay the loan by making monthly principal and interest payments so that the loan, including all interest, is fully repaid within the term established for the loan, a requirement to repay the loan, including all interest, upon the applicant selling or otherwise transferring title to the residence to another person, and all other terms established by WHEDA.
(a) shall be the exclusive property of the fund.
The bill also adds the following activities to those activities eligible for a housing rehabilitation loan:
All earnings on or income from such investments shall be credited to the fund.”.
1.
An internal plumbing system.
Current law includes a “plumbing system.” 2.
The removal of asbestos or other internal environmental contamination in addition to lead paint, which is included under current law.
3.
The repairing or replacing of an interior wall or ceiling or flooring, in addition to a number of other activities included under current law.
Because this bill may increase or decrease, directly or indirectly, the cost of the development, construction, financing, purchasing, sale, ownership, or availability of housing in this state, the Department of Administration, as required by law, will prepare a report to be printed as an appendix to this bill.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1.
234.045 (1) (intro.) of the statutes is amended to read:
234.045 (1) D EFINITION.
(intro.) In this section, “eligible rehabilitation” means an improvement to housing to maintain the housing in a decent, safe, and sanitary condition or to restore it to that condition if the improvement is the removal of lead LRB-2771/1 - 2024 Legislature - 3 - MPG:amn SECTION 1 ASSEMBLY BILL 267 paint or asbestos or other internal environmental contaminationonstitutes a structural improvement, including any of the following:
SECTION 2.
234.045 (1) (a) of the statutes is amended to read:
234.045 (1) (a) Repairing or replacing a heating system, electrical system, internal plumbing system, interior wall or ceiling, roof, window, or exterior door, or flooring.
SECTION 3.
234.045 (2) (a) 2.
of the statutes is amended to read:
234.045 (2) (a) 2.
The applicant's home is a single-family residence that the applicant occupies as the applicant's primary residencehat was constructed before 1980 at least 40 years prior to the date of the applicant's loan application.
SECTION 4.
234.045 (2) (a) 3.
of the statutes is amended to read:
234.045 (2) (a) 3.
The applicant agrees to the terms of the loan, including a requirement to repay the loan by making monthly principal and interest payments so that the loan, including all interest, is fully repaid within the loan term established under subd.
4., a requirement to repay the loan, including all interest, upon the applicant selling or otherwise transferring title to the residence to another person or upon the applicant and his or her family vacating the residence, and all other terms established by the authority.
SECTION 5.
234.045 (2) (a) 4.
to 6.
of the statutes are created to read:
234.045 (2) (a) 4.
The loan term does not exceed 15 years.
5.
The amount of the loan does not exceed $50,000 or 125 percent of the assessed value of the residence after completion of the eligible rehabilitation, whichever is less.
6.
The applicant does not have another loan under this section pending with the authority at the time of application.
- 2024 Legislature - 4 - LRB-2771/1 MPG:amn ASSEMBLY BILL 267 SECTION 6 SECTION 6.
234.045 (2) (b) of the statutes is amended to read:
234.045 (2) (b) The authority may establish an interest rate for any loan made under par.
(a) below the market interest rate or may charge no interest but more than zero.
SECTION 7.
234.53 (1m) of the statutes is created to read:
234.53 (1m) (a) All of the following shall be credited to the fund:
1.
All moneys appropriated to the authority for the fund in the 2023-25 fiscal biennium.
2.
All moneys received from the repayment of loans under s.
234.045.
(b) All moneys credited to the fund under par.
(a) shall be used for loans awarded under s.
234.045.
(c) Of the amounts credited to the fund under par.
(a) 1., the authority shall return to the secretary of administration for deposit in the general fund all such amounts not encumbered or expended for eligible rehabilitation, as defined in s.
234.045 (1), as of the first day of the 8th year beginning after the effective date of this paragraph ....
[LRB inserts date].
SECTION 8.
234.53 (2) of the statutes is amended to read:
234.53 (2) Except as provided in sub.s.
(1m) and (2m) and s.
234.045, the authority shall use moneys in the fund for the purpose of purchasing housing rehabilitation loans or for funding commitments for loans to lenders for housing rehabilitation loans.All disbursements of funds under this subsection for purchasing such loans shall be made payable to an authorized lender, as defined in s.
234.49 (1) (b), or a duly authorized agent thereof.
SECTION 9.
234.53 (2m) of the statutes is amended to read:
LRB-2771/1 - 2024 Legislature - 5 - MPG:amn SECTION 9 ASSEMBLY BILL 267 234.53 (2m) The Except for moneys credited to the fund under sub.
(1m), the authority may use moneys in the fund for the purpose of funding or purchasing loans under any down payment assistance program established by the authority.
SECTION 10.
234.53 (4) of the statutes is amended to read:
234.53 (4) The Except for moneys credited to the fund under sub.
(1m), the authority may use moneys in the fund to cover actual and necessary expenses incurred in the sale of housing rehabilitation bonds and investment of the proceeds thereof.
SECTION 11.
234.53 (5) of the statutes is amended to read:
234.53 (5) Any Except for moneys credited to the fund under sub.
(1m), any moneys not needed for the purposes of the fund shall be transferred to the housing rehabilitation loan program bond redemption fund.
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Action History

  1. Published 6-23-2023

  2. Report approved by the Governor on 6-22-2023. 2023 Wisconsin Act 17

  3. Fiscal estimate received

  4. Presented to the Governor on 6-16-2023 by directive of the Speaker

  5. Report correctly enrolled on 6-16-2023

  6. Representative Subeck added as a coauthor

  7. Received from Senate concurred in

  8. Ordered immediately messaged

  9. Read a third time and concurred in

  10. Rules suspended to give bill its third reading

  11. Ordered to a third reading

  12. Read a second time

  13. Senators Taylor and Spreitzer added as cosponsors

  14. Representative Haywood added as a coauthor

  15. Placed on calendar 6-14-2023 pursuant to Senate Rule 18(1)

  16. Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0

  17. Read first time and referred to committee on Senate Organization

  18. Received from Assembly

  19. Ordered immediately messaged

  20. Read a third time and passed

  21. Rules suspended

  22. Ordered to a third reading

  23. Assembly Amendment 1 adopted

  24. Representatives Cabrera and Conley added as coauthors

  25. Read a second time

  26. Fiscal estimate received

  27. Representative Jacobson added as a coauthor

  28. Representatives Ratcliff and Bare added as coauthors

  29. Representative Snodgrass added as a coauthor

  30. Placed on calendar 6-14-2023 by Committee on Rules

  31. Referred to committee on Rules

  32. Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 15, Noes 0

  33. Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 11, Noes 0

  34. Executive action taken

  35. Assembly Amendment 1 offered by Representative Brooks

  36. Representative Magnafici added as a coauthor

  37. Representative Baldeh added as a coauthor

  38. Representative Palmeri added as a coauthor

  39. Public hearing held

  40. Read first time and referred to Committee on Housing and Real Estate

  41. Introduced by Representatives Penterman, Brooks, Emerson, Rozar, C. Anderson, Brandtjen, Dittrich, Donovan, Duchow, Edming, Green, Gundrum, Joers, Kitchens, Murphy, O'Connor, Ortiz-Velez, Petryk, Plumer, Rettinger, Schraa, Shankland, Sinicki, Swearingen, Snyder, Tranel, Wichgers and Krug; cosponsored by Senators Stroebel, Quinn, Jacque, Cabral-Guevara and Jagler

Sponsors

Sponsorship breakdown

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28 sponsors · 0 co-sponsors · 104 not signed on

Sponsors (28)

Co-sponsors (0)

None.

Not signed on (104)

104 members have not signed on to this bill.

Show all 104 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Frequently asked questions

Who sponsors AB 267?
AB 267 is sponsored by Penterman, William (Republican), Brooks, Robert (Republican), Emerson, Jodi (Democrat), Rozar, Anderson, Clinton (Democrat), Brandtjen, Dittrich, Barbara (Republican), Donovan, Bob (Republican), Duchow, Cindi (Republican), Edming, Green, Chanz (Republican), Gundrum, Rick (Republican), Joers, Alex (Democrat), Kitchens, Joel (Republican), Murphy, David (Republican), O'Connor, Jerry (Republican), Ortiz-Velez, Sylvia (Democrat), Petryk, Plumer, Rettinger, Schraa, Shankland, Sinicki, Christine (Democrat), Swearingen, Rob (Republican), Snyder, Patrick (Republican), Tranel, Travis (Republican), Wichgers, Chuck (Republican), and Krug, Scott (Republican).
What is the current status of AB 267?
This bill has been enacted into law. Introduced May 16, 2023. Enacted.
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