234.95 Community development finance company.
(1) The community development finance company is the corporation organized for profit under ch. 180, or limited partnership organized under ch. 179, which was created under s. 233.05 (1), 1985 stats. The chairperson of the authority, or his or her designee, is a director of the community development finance company. The shareholders of the community development finance company shall elect 4 other people to the company's board of directors. To the extent practicable, 3 people elected to the board of directors shall have substantial business and financial experience and one person shall represent a community development corporation. If the community development finance company is organized as a limited partnership its general partner shall, to the extent practicable, have substantial business and financial experience.
(2) The community development finance company shall issue stock or partnership interests. The community development finance company shall invest funds it receives from the sale of stock or partnership interests by purchasing capital participation instruments under s. 234.96.
History: 1981 c. 371; 1983 a. 106; 1987 a. 399 s. 430; Stats. 1987 s. 234.95.
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.