234.624 Transfer of interest. If a participant ceases to reside in a qualifying dwelling unit, or if the participant's total ownership interest in the qualifying dwelling unit is transferred to one or more co-owners in that unit, or if both of these events occur, a co-owner may assume the participant's account by applying to the authority if the co-owner resides in the qualified dwelling unit. Upon approval of the application, and if the co-owner is 65 years of age or older, the co-owner shall become a participant in the program and shall qualify for program loans. A co-owner who has not attained the age of 65 at the time of application under this section may assume the account of a participant but shall not become a participant or qualify for program loans until the co-owner attains the age of 65.
History: 1981 c. 20, 317; 1991 a. 269 s. 510ug; Stats. 1991 s. 16.9955; 1993 a. 16 s. 130j; Stats. 1993 s. 234.624.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 234 - Wisconsin housing and economic development authority.
234.032 - Goals and accountability measures for economic development programs.
234.034 - Consistency with state housing strategy plan.
234.045 - Workforce housing rehabilitation loan program.
234.05 - Housing development fund; establishment; payments into fund.
234.06 - Use of moneys held in housing development fund; temporary loans; grants.
234.07 - Limited-profit entity; distributions.
234.08 - Notes and bonds; issuance; status.
234.09 - Same; authorization; terms.
234.10 - Same; resolution authorizing issuance, contents.
234.11 - Same; validity and effect of pledge.
234.12 - Same; personal liability of members of authority.
234.135 - Same; purchase; cancellation.
234.14 - Same; liability of state.
234.15 - Capital reserve funds.
234.16 - General reserve fund.
234.165 - Authority surplus fund.
234.17 - Repayment to general fund.
234.18 - Limit on amount of outstanding bonds and notes.
234.19 - Notes and bonds; pledge and agreement of state.
234.21 - Trustee; additional powers.
234.23 - Notice before declaration that notes or bonds are due and payable.
234.24 - System of funds and accounts.
234.255 - Economic development assistance coordination and reporting.
234.26 - Notes and bonds as legal investments.
234.265 - Records of the authority.
234.28 - Notes and bonds; exemption from taxation.
234.29 - Equality of occupancy and employment.
234.31 - Construction of chapter.
234.32 - Laws not applicable to authority.
234.35 - Minority financial interests.
234.36 - Disabled veteran-owned business financial interests.
234.40 - Bonds for veterans housing loans and other veterans assistance programs.
234.41 - Veterans housing loan fund; establishment and use.
234.42 - Veterans capital reserve fund.
234.43 - Veterans housing bond redemption fund.
234.44 - Validation of certain obligations and proceedings.
234.45 - Low-income housing tax credits.
234.49 - Housing rehabilitation.
234.50 - Bonds for housing rehabilitation loans; issuance; status.
234.51 - Housing rehabilitation loan program administration fund; establishment and use.
234.52 - Housing rehabilitation loan program loan-loss reserve fund; establishment and use.
234.53 - Housing rehabilitation loan fund.
234.54 - Housing rehabilitation loan program capital reserve fund.
234.55 - Housing rehabilitation loan program bond redemption fund.
234.59 - Homeownership mortgage loan program.
234.592 - Qualified subprime loan refinancing.
234.60 - Bonds for homeownership mortgage loans and qualified subprime loan refinancing.
234.605 - Homeowner eviction and lien protection program.
234.61 - Bonds for residential facilities for the elderly or chronically disabled.
234.621 - Property tax deferral loans; purpose.
234.624 - Transfer of interest.
234.65 - Economic development.
234.67 - Recycling loan guarantees.
234.75 - Public affairs network loan guarantee program.
234.83 - Small business development loan guarantee program.
234.84 - Job training loan guarantee program.
234.86 - Drinking water loan guarantee program.
234.88 - Emergency heating assistance loan guarantees.
234.90 - Agricultural production loan guarantees.
234.905 - Agricultural production disaster assistance loan guarantees.
234.907 - Agricultural development loan guarantee program.
234.91 - Farm assets reinvestment management loan guarantee program.
234.92 - Financial assistance; fees.
234.93 - Wisconsin development reserve fund.
234.932 - Wisconsin job training reserve fund.
234.933 - Wisconsin drinking water reserve fund.
234.95 - Community development finance company.
234.96 - Community development project participation.