Door County one of three selected for WHEDA Rural Affordable Workforce Housing Initiative
STURGEON BAY, WI - Door County has been selected as one of three pilot communities in Wisconsin as part of WHEDA’s (Wisconsin Housing & Economic Development Authority) new Rural Affordable Workforce Housing Initiative. In an effort by the Wisconsin Housing and Economic Development Authority to address the state’s shortage of rural affordable workforce housing is moving forward with the selection of three pilot communities and new financing tools for homebuyers and developers in rural areas. After gaining approvals from WHEDA’s board, the rural affordable workforce housing pilot attracted strong interest from communities throughout the state. WHEDA CEO Joaquín Altoro said the pilot selection process was rigorous and highly competitive.
WHEDA has committed $10 million to the program which hopes to offer closing cost assistance, rehabilitation financing, small business and economic development loans, and community grants and services.
Thirteen communities applied for the pilot program, which had to show more than 25 percent of their county’s residents live in rural areas as defined by the United States Department of Agriculture. See the full article in Door County Daily News.