# Wis. Stat. § 234.622: Definitions > Wisconsin · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.622 ## Section - **Citation:** Wis. Stat. § 234.622 - **Heading:** Definitions - **Jurisdiction:** Wisconsin - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** WI Code / Chapter 234 / Section 234.622 ## Text In ss. 234.621 to 234.626 : (1) “Co-owner” means a natural person who, at the time of the initial application has an ownership interest in the qualifying dwelling unit of a participant in the program and fulfills one of the following requirements: (a) Is the participant’s spouse and a physician certifies that the participant or the co-owner is permanently disabled. (b) Is at least 60 years of age. (2m) “Executive director” means the executive director of the authority. (3) “Free and clear” means that rights to transfer full title to the qualifying dwelling unit after satisfaction of permitted obligations are vested in the participant and co-owners. (3m) “Ownership interest” includes being a spouse of a participant. (4) “Participant” means any of the following: (a) A natural person 65 years of age or older who has been accepted into the program. (b) A veteran, as defined in s. 45.01 (12) (a) to (f) , who has been accepted into the program. (5) “Permitted obligations” means the total amount of outstanding liens and judgments on the qualifying dwelling unit if that amount does not exceed 33 percent of the value of the unit as determined by the most recent assessment for property tax purposes. For purposes of ss. 234.621 to 234.626 , housing and rehabilitation loans under s. 234.49 and liens arising under ss. 234.621 to 234.626 shall not be considered outstanding liens or judgments in computing the amount of permitted obligations. (6) “Program” means the program under ss. 234.621 to 234.626 . (7) “Qualifying dwelling unit” means a dwelling unit, not including a mobile home as defined in s. 101.91 (10) , located in this state, habitable as a permanent residence and to which property taxes or special assessments are, or may conveniently be, allocated and up to one acre of land appertaining to it held in the same ownership as the dwelling unit. For purposes of ss. 234.621 to 234.626 , “qualifying dwelling unit” includes a unit in a condominium or in a cooperative or an unincorporated cooperative association or in a multiunit dwelling with 4 or fewer units, but in all of these 3 cases only the portion of taxes or special assessments allocable to the unit lived in by the participant may qualify for loans under ss. 234.621 to 234.626 . History: 1981 c. 20 , 317 ; 1985 a. 29 s. 3202 (14) (c) ; 1987 a. 29 ; 1991 a. 269 ss. 510t to 510ue ; Stats. 1991 s. 16.994; 1993 a. 16 ss. 130e , 3051k ; Stats. 1993 s. 234.622; 1997 a. 27 ; 1999 a. 150 s. 672 ; 2005 a. 441 ; 2007 a. 11 ; 2011 a. 32 ; 2013 a. 20 . ## 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) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WI_C234_S234.622. Check the current official text before relying on it. Not legal advice.