LRB-2424/1
CTS&MJL:jld:pg
2005 - 2006 LEGISLATURE
July 7, 2005 - Introduced by Representatives Wieckert, Townsend, Musser,
Nischke, Gronemus, Mursau, Hines, Loeffelholz, M. Williams and Ballweg.
Referred to Committee on Housing.
AB549,1,4
1An Act to repeal 234.49 (1) (e) 1.; and
to consolidate, renumber and amend
2234.49 (1) (e) (intro.) and 2. of the statutes;
relating to: limitations under the
3Wisconsin Housing and Economic Development Authority's housing
4rehabilitation program.
Analysis by the Legislative Reference Bureau
The Wisconsin Housing and Economic Development Authority (WHEDA)
administers a number of housing and economic development programs. Under the
Housing Rehabilitation Program, WHEDA may purchase from authorized lenders
loans made for housing rehabilitation. Currently, housing rehabilitation loans may
be used for additions, alterations, or repairs to a structure that was first occupied as
a residence at least ten years earlier. This bill eliminates the requirement that the
structure was first occupied as a residence at least ten years before the granting of
the loan.
Because this bill directly or substantially affects the development,
construction, cost or availability of housing in this state, the Department of
Commerce, 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:
AB549, s. 1
1Section
1. 234.49 (1) (e) (intro.) and 2. of the statutes are consolidated,
2renumbered 234.49 (1) (e) and amended to read:
AB549,2,83
234.49
(1) (e) "Housing" means a residential structure having not more than
44 dwelling units in which at least one unit is occupied by the owner as a principal
5residence and
: 2. The, if a housing rehabilitation loan is granted for the property
6to implement energy conservation improvements, the structure is not subject to rules
7adopted under s. 101.63, 101.73
, or 101.973
, if a housing rehabilitation loan is
8granted for the property to implement energy conservation improvements.
AB549, s. 2
9Section
2. 234.49 (1) (e) 1. of the statutes is repealed.
AB549,2,1211
(1) This act first applies to housing rehabilitation loans for which application
12is made on the effective date of this subsection.
