Federal Home Loan Bank of Chicago (FHLB)
111 East Wacker Drive
Chicago, IL 60601
Phone: 312-565-5725
http://www.fhlbc.com

The FHLB provides several loan and grant programs to assist in the creation of affordable housing, including the Affordable Housing Program (AHP) and the Community Investment (CIP) Program.

Rural Development/Rural Housing Service (RD)
U.S. Department of Agriculture
4949 Kirshling Court
Stevens Point, Wisconsin 54481
Phone: 715-345-7620 or 715-345-7600
http://www.rurdev.usda.gov

Rural Development Community Facilities loan and limited grant funds can be used to construct, enlarge, or improve community facilities. Assisted living facilities are eligible projects for the Community Facilities program. Eligible applicants must be Public Bodies, Nonprofit Corporations, Indian Tribes, Associations or Cooperatives. The project must be located in a rural area or town of not more than 20,000 people.

Rural Development Multi-Family program provides loans to fund construction, acquisition or rehabilitation of congregate housing and group homes. Congregate housing is residential housing for persons or families who are elderly or have handicaps or disabilities. Congregate housing typically consists of private apartments and central dining facilities in which a number of services are provided to the tenants. Services required are one meal/day for 7 days/week, transportation to shopping, services, medical facilities, routine housekeeping, nonmedical personal services (bathing, dressing) recreation ad social activities.

Group housing is housing occupied by tenants who are elderly or have handicaps or disabilities sharing living space within a rental unit in which a resident assistant may be required.

U.S. Dept. of Housing and Urban Development (HUD)
Henry Reuss Federal Plaza
310 West Wisconsin Ave., #1380
Milwaukee, WI 53203-2289
Phone: 414-297-3214
http://www.hud.gov

HUD FHA 232 mortgage insurance available to HUD approved private lenders to finance construction or rehabilitation of nursing homes, intermediate care facilities, Board and Care Homes, assisted living facilities; must house at least 20 residents and have at least 5 efficiency or 1-BR units.

HUD 202 capital grants are given to not-for-profit entities where occupants are at least 62 years old, for new construction, rehab, acquisition; supportive services must be appropriate for elderly residents and owner must arrange for them and their funding. HUD Assisted Living Conversion Program provides grants for the conversion of some or all of the dwelling units in an eligible project into assisted living facilities for frail elderly persons.

HUD also has a grant program that allows for the provision of a multifamily housing service coordinator. It allows multifamily housing owners to assist elderly residents and resident with disabilities to obtain needed supportive services from the community; to prevent premature and unnecessary institutionalization; and to assess individual service needs, determine eligibility for public services, and make resource allocation decisions which enable residents to stay in the community longer.

Eligible applicants are owners of Sections 202 and Section 202/8 existing Section 8 projects with project-based assistance (Add moderate rehabilitation developments including Rural Housing Service Section 515/8 and 221(d)(4) projects); Section 202 projects as defined under 24 CFR Sections 277 and 885, 221(d)(3) below-market interest rate and 236 projects, which are insured or assisted.

U.S. Small Business Administration (SBA) – Wisconsin
310 West Wisconsin Ave. – Suite 400
Milwaukee, WI 53202
Phone: 414-297-3941
http://www.sba.gov

Federal loan guarantees through private lenders for the construction, acquisition, or rehabilitation of for-profit CBRFs, assisted living facilities, or nursing homes. Guarantees 80% funding for projects requiring less than $100,000 and 75% funding for projects greater than $100,000.

WI Bureau of Housing
Division of Community Development
Wisconsin Department of Commerce
PO Box 7970
Madison, WI 53707-7970
Call: (608) 266-1018
Fax: (608) 266-5381
TTY: (608) 264-8777
http://commerce.wi.gov/cd/cd-boh.html

The Rental Housing Development (RHD) Program assists eligible housing organizations, particularly Community Housing Development Organizations (CHDOs), with funds to develop affordable rental housing. For-profit corporations may partner with the above-mentioned groups or directly apply for these funds in cases where WHEDA funds and/or tax credits are utilized. All projects involving WHEDA funds and/or tax credits apply directly to WHEDA which has a setaside of HOME funds

Other programs include:

1. CHDO Rental Development
2. Community Development Block Grants
3. Local housing organization grants

Wisconsin Health and Educational Facilities Authority (WHEFA)
18000 West Sarah Lane, Suite 140
Brookfield, WI 53045-5843
Phone: 262-792-0466
http://www.whefa.com

Tax exempt bond financing for constructing, equipping and refinancing capital projects undertaken by not-for-profit health care facilities, including skilled nursing, CBRFs, RCACs, and CCRCs. Usually a minimum loan amount of $1.5 million required.

Wisconsin Historical Society
816 State Street
Madison, WI 53706
Phone: 608-264-6400
http://www.wisconsinhistory.org/histbuild/architecture/iptax_credit.html

The Historical Society administers federal and state tax credit programs for the rehabilitation of historic properties, catalogues burial sites (including Native American mounds) and review public projects for their effects on historic and prehistoric sites and structures.

A 20% federal investment tax credit is available for rehabilitation of income-producing historic buildings. An additional 5% Wisconsin investment tax credit is available for those who qualify for the 20% tax credit, and who apply for and receive project approval before beginning physical work on their projects.

Wisconsin Housing and Economic Development Authority (WHEDA)
201 West Washington Avenue, Suite 700
P.O. Box 1728
Madison, Wisconsin 53701-1728
Phone: 1-800-334-6873 or 608-266-7884
http://www.wheda.com

WHEDA offers a variety of financing and other products, for both construction and permanent financing of RCACs, including:

• tax-exempt bond financing,
• 9% Wisconsin Affordable Tax Credit (low-income/Section 42) financing,
• federal HOME loans to non-CHDO entities,
• an annual grant competition available to not-for-profit entities for developments of frail elderly developments, and
• administration of the federal Wisconsin Affordable Housing Tax credits for the state of Wisconsin, for which certified RCACs are eligible.

Wayman Lawrence of Foley & Lardner, Attorneys at Law, reviews the use of tax credits in RCACs in a memorandum "Subsidizing Residential Care Apartment Complexes with Low-Income Housing Tax Credits".

Wisconsin Tax Incremental Financing (TIF)
Tax Incremental Financing (TIF) can help a municipality undertake a public project to stimulate beneficial development or redevelopment that would not otherwise occur. It is a mechanism for financing local economic development project in underdeveloped and blighted areas. Taxes generated by the increased property values pay for land acquisition or needed public works.

Foundations

Information about Wisconsin-based foundations (there are over 950), some of which contribute to housing activities, is available in print and electronic formats. Contact the Centers for information, prices and other ordering details.

Funding Information Center
Grants Information Center
Reference Department – UW-Memorial Library
728 State Street
Madison, WI 53706
Phone: (608) 262-3242
Fax: (608) 262-2649
Email:grantsinfo@library.wisc.edu (Collection Librarian: Elizabeth Breed)
Internet: www.library.wisc.edu/libraries/Memorial/grantshp.htm

Marquette University – Memorial Library
1415 West Wisconsin Avenue
P.O. Box 3141
Milwaukee, Wisconsin 53201-3141
For questions about orders: (414) 288-1500
For demonstration versions: (414) 288-1515
Internet: www.mu.edu/fic

Specific foundation websites of interest:

1. The Foundation Center is an independent nonprofit information clearinghouse established in 1956. The Center's mission is to foster public understanding of the foundation field by collecting, organizing, analyzing, and disseminating information on foundations, corporate giving, and related subjects.
2. There are two sources for information on WI Community Foundations:
   • The Foundation Center
   • Community Foundation Locator
3. For more than 20 years, Retirement Research Foundation has been at the forefront of efforts to meet the ever-changing needs of older Americans. We have invested more than $115 million to help build a network of innovative and skilled individuals and institutions committed to addressing aging and retirement issues.

   Established by the late John D. MacArthur and endowed in 1978, the Foundation invests approximately $9 million each year to support efforts that:

   • enable older adults to live at home or in residential settings that facilitate independent living
   • improve the quality of care at nursing homes
   • leverage the wisdom and experience of older adults and promote community involvement
   • Increase understanding of the aging process and age-associated diseases