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Redevelopment Authority reports $1.5 million uncommitted for housing, rehab fund at $247,000
Summary
Waukesha Redevelopment Authority staff reviewed loan-fund balances and repayment activity, reporting a roughly $1.5 million uncommitted development fund, about $247,000 in the affordable housing rehabilitation fund and ongoing repayments that will replenish loan pools.
Waukesha Redevelopment Authority staff reported on the status of several affordable-housing loan programs at a public meeting; staff said the authority currently holds an uncommitted development-fund balance of about $1,500,000 and $247,000 in the single-family affordable-housing rehabilitation fund.
The presentation, delivered by staff member Jeff, summarized balances across programs and recent inflows tied to an audit extension. Jeff said the extension produced an inflow that — per the authority's policy and state statute — is allocated 75% to the affordable housing development fund and 25% to the affordable housing rehabilitation program. “So now with that, that fund is up to $247,000 on that…
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