WHEDA innovates for customers, communities, economic recovery

Thursday, April 09, 2020

Main News Photo

April 8, 2020

Greetings:

The Wisconsin Housing and Economic Development Authority was created in 1972 to expand access to affordable housing and economic opportunity for people throughout Wisconsin.

To continue this important work during the COVID-19 pandemic, WHEDA is adapting and innovating to support low- to moderate-income home buyers, renters, affordable housing providers and other partners. While we are focused on meeting the immediate needs of our customers and communities, our extensive range of actions includes work to forge a successful recovery.

I’d like to commend our staff for their incredible dedication and resilience in adjusting our operations to meet these challenges while preparing for what lies ahead. We are extremely grateful for the contributions of every one of our employees.

We are also thankful for the collaboration of our partners to address affordable housing needs and support opportunities for economic growth. With this email, we are asking for your help to share information about changes to our products and services that aim to keep people in their homes, improve the chances for small business success and chart a course for the future.

Among other actions, WHEDA is:

  • Working with its homeowners on an individual basis to keep people in their homes. This includes payment forbearance and in some cases, permanent loss mitigation options to bring the accounts current. Homeowners with questions or financial concerns are encouraged to contact a WHEDA adviser 1-800-562-5546 (option 2) or email servicing@WHEDA.com.
  • Waiving origination fees for its small business loan guarantees through June 30, 2020 to reduce the costs of accessing capital. WHEDA is also suspending forbearance fees to help businesses work through paying existing bank loans that also have a WHEDA loan guarantee.
  • Continuing information and outreach efforts to keep customers and community members informed and provide the flexibility needed to help finance economic recovery.

You can learn more about WHEDA's support and guidance for homeowners, renters, property manager and others through our FAQs. You can find information about WHEDA’s leadership on state and federal stimulus issues here.To keep up-to-date with WHEDA’s partnerships and innovative efforts, we invite you to follow us on Facebook, Twitter and LinkedIn.

Sincerely,

Joaquín Altoro
WHEDA CEO

Category: COVID19