Relating to: a first-time home buyer purchasing assistance fund and loan program and making an appropriation. (FE)

Summary

The bill establishes a First‑Time Home Buyer Purchasing Assistance Fund funded with $150 million and authorizes the Wisconsin Housing and Economic Development Authority to issue interest‑free loans of up to $35,000 (or 10% of the purchase price) to eligible buyers. It targets people who have never owned a home or lost one to foreclosure and whose household income is at or below 100 percent of area median income. The program requires borrowers to complete a home‑buyer education course, occupy the home as a primary residence, and contributes to a structured loan‑forgiveness schedule.

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