Draft:Wisconsin Housing and Economic Development Authority (WHEDA)

The Wisconsin Housing and Economic Development Authority (WHEDA) is a quasi-government entity in the US state of Wisconsin, formed by the Wisconsin Legislature to create affordable housing opportunities throughout the state.

History
In February 1972, Patrick Lucey, the 38th Governor of Wisconsin, urged the state and federal government, in addition to the private sector, to form a housing authority to address the state's affordable housing shortage.

The Wisconsin Housing Finance Authority (WHFA) was created under Chapter 234 by the Wisconsin Legislature. The State of Wisconsin appropriated $250,000 in initial seed money to guarantee that WHFA would be able to meet the state's housing needs.

In 1983, the Authority expanded the scope of its work to economic development projects such as business and agriculture financing as well as grant funding and investment, leading to the change in name from the Wisconsin Housing Finance Authority (WHFA) to the Wisconsin Housing and Economic Development Authority (WHEDA).

Headquarters
The WHEDA Headquarters is located at 908 E. Main Street in Madison, Wisconsin.