# Wis. Stat. § 234.06: Use of moneys held in housing development fund; temporary loans; grants

> Wisconsin · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.06

## Section

- **Citation:** Wis. Stat. § 234.06
- **Heading:** Use of moneys held in housing development fund; temporary loans; grants
- **Jurisdiction:** Wisconsin
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WI Code / Chapter 234 / Section 234.06

## Text

(1) The authority may, as authorized in the state housing strategy plan under s. 16.302 , use the moneys held in the housing development fund to make temporary loans to eligible sponsors, with or without interest, and with such security for repayment, if any, as the authority determines reasonably necessary and practicable, solely from the housing development fund, to defray development costs for the construction of proposed housing projects for occupancy by persons and families of low and moderate income. No temporary loan may be made unless the authority may reasonably anticipate that satisfactory financing may be obtained by the eligible sponsor for the permanent financing of the housing project.

(2) The proceeds of the temporary loan may be used only to defray the development costs of the housing project. Each temporary loan shall be repaid in full by the eligible sponsor to the authority concurrent with the receipt by the eligible sponsor of the proceeds of the permanent financing.

(3) The authority may, as authorized in the state housing strategy plan under s. 16.302 , use the moneys held in the housing development fund to establish and administer programs of grants to counties, municipalities, and eligible sponsors of housing projects for persons of low and moderate income, to pay organizational expenses, administrative costs, social services, technical services, training expenses, or costs incurred or expected to be incurred by counties, municipalities, or sponsors for land and building acquisition, construction, improvements, renewal, rehabilitation, relocation, or conservation under a plan to provide housing or related facilities, if the costs are not reimbursable from other private or public loan, grant, or mortgage sources.

History: 1971 c. 287 ; 1981 c. 349 ; 1985 a. 29 ss. 2118 , 3202 (14) ; 1991 a. 39 ; 2003 a. 33 ; 2011 a. 32 .

## Nearby sections

- [Wis. Stat. § 234.01 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.01.md)
- [Wis. Stat. § 234.02 Wisconsin Housing and Economic Development Authority: creation; membership; appointment and tenure; meetings; officers.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.02.md)
- [Wis. Stat. § 234.03 Powers of authority.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.03.md)
- [Wis. Stat. § 234.04 Loans to eligible sponsors of housing projects and to or for persons and families of low and moderate income.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.04.md)
- [Wis. Stat. § 234.05 Housing development fund; establishment; payments into fund.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.05.md)
- [Wis. Stat. § 234.06 Use of moneys held in housing development fund; temporary loans; grants.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.06.md)
- [Wis. Stat. § 234.07 Limited-profit entity; distributions.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.07.md)
- [Wis. Stat. § 234.08 Notes and bonds; issuance; status.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.08.md)
- [Wis. Stat. § 234.09 Same; authorization; terms.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.09.md)
- [Wis. Stat. § 234.10 Same; resolution authorizing issuance, contents.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.10.md)
- [Wis. Stat. § 234.11 Same; validity and effect of pledge.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.11.md)
- [Wis. Stat. § 234.12 Same; personal liability of members of authority.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.12.md)
- [Wis. Stat. § 234.14 Same; liability of state.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.14.md)
- [Wis. Stat. § 234.15 Capital reserve funds.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.06. Check the current official text before relying on it. Not legal advice.