Wisconsin Housing and Economic Development Authority

Agency Performance Dashboard

AGENCY DESCRIPTION

WHEDA's mission is to stimulate the state's economy and improve quality of life for Wisconsin residents by providing affordable housing and business financing products. WHEDA is an independent authority, not a state agency, and receives no state tax dollars for its programs and operations.

DASHBOARD ARCHIVES

RELATED LINKS

Website:   http://www.wheda.com

Goal Met Key
goal met, goal not met, goal in progress. As determined by comparison of current data and target.

Trend Key
  trending in favorable direction,     trend is holding,     trending in unfavorable direction.

Economic Development

Net income

Metric Definition

Continue strong earnings to support current and future operations.

Goal Met Current Previous Target Trend
$29,092,200 $22,049,000 $27,203,000

Reporting Cycle: Annual (state fiscal year July 1, 2016 - June 30, 2017)

Additional Details: Net income before the market rate adjustment for investments. Target represents WHEDA's net income projection represented in its FY 2016-17 budget approved by the WHEDA members of the board. The Previous column contains data for the same year-to-date time period in the prior fiscal year (FY16).

Credit rating

Metric Definition

Maintain a superior Issuer Credit Rating (ICR), which enables WHEDA to access the capital markets and obtain credit at reasonable terms.

Goal Met Current Previous Target Trend
N/A S&P: AA-
Moody's: Aa3
S&P: AA-
Moody's: Aa3
S&P: AA-
Moody's: Aa3

Reporting Cycle: Annual (calendar year)

Additional Details: WHEDA's long-term ICR and bond resolution ratings remain unchanged with a stable outlook.

Mortgage loans funded

Metric Definition

Increase Single Family mortgage loans funded.

Goal Met Current Previous Target Trend
$235,895,000 $161,116,000 $230,000,000

Reporting Cycle: Annual (state fiscal year July 1, 2016 - June 30, 2017)

Additional Details: Target represents WHEDA's mortgage lending projection represented in its FY2016-17 budget approved by the WHEDA members of the board. The Previous column contains data for the same year to date time period in FY16.

Multifamily loans funded

Metric Definition

Maintain multifamily loans funded based on current market conditions.

Goal Met Current Previous Target Trend
$46,737,700 $35,732,200 $95,000,000

Reporting Cycle: Annual (state fiscal year July 1, 2016 - June 30, 2017)

Additional Details: Target represents WHEDA's multifamily lending projection represented in its FY2016-17 budget approved by the WHEDA members of the board. The Previous column contains data for the same year to date time period in FY16.

Economic development loans funded

Metric Definition

Maintain economic development participation loans funded based on current market conditions.

Goal Met Current Previous Target Trend
$2,000,000 $2,104,900 $3,000,000

Reporting Cycle: Annual (state fiscal year July 1, 2016 - June 30, 2017)

Additional Details: Target represents WHEDA's participation lending projection represented in its FY2016-17 budget approved by the WHEDA members of the board. The Previous column contains data for the same time period in the prior fiscal year (FY16).

Low-Income housing tax credit allocation

Metric Definition

Continued allocation of federal Low-Income Housing Tax Credits (LIHTC) in Wisconsin.

Goal Met Current Previous Target Trend
N/A N/A $14.3 million $14.2 Million N/A

Reporting Cycle: Annual (state fiscal year July 1, 2016 - June 30, 2017)

Additional Details: LIHTC's are allocated annually during the 4th quarter of FY2017. Amount of allocation based on federal resource.

Housing foundation grants

Metric Definition

Continue housing grant awards of $500,000 for special-needs housing providers.

Goal Met Current Previous Target Trend
N/A N/A $500,000 $500,000 N/A

Reporting Cycle: Annual (state fiscal year July 1, 2016 - June 30, 2017)

Additional Details: Housing grant awards are awarded annually. Award competition begins in 3rd quarter with grants allocated during the 4th quarter of FY2017.

ABOUT

Agency performance dashboards include cabinet agencies and are updated quarterly during the state fiscal year (July 1-June 30).

CONTACT INFORMATION

Department of Administration
101 E. Wilson St. Madison, WI 53703
Phone: 608-266-1741
Email: WIAgencyPerformance@wisconsin.gov

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