Wisconsin Finance Corporation

Wisconsin Finance Corporation (WFC) is a private, non-profit organization dedicated to fostering economic development and affordable housing opportunities throughout the state of Wisconsin. Unlike for-profit financial institutions, WFC operates with a mission-driven focus, prioritizing community impact over maximizing shareholder returns. Its primary goal is to bridge financial gaps and provide resources to underserved communities and populations that often face barriers to accessing traditional financing.

Established in 1981, WFC has a long history of working collaboratively with businesses, non-profit organizations, and government agencies to deliver innovative financial solutions. Its programs are designed to stimulate job creation, expand access to safe and affordable housing, and promote sustainable community development. WFC achieves this through a combination of lending, technical assistance, and advocacy efforts.

One of WFC’s core functions is providing loan capital to small businesses and entrepreneurs who may not qualify for conventional bank loans. These loans can be used for a variety of purposes, including start-up costs, equipment purchases, working capital, and real estate acquisition. WFC’s focus is on businesses that have the potential to create jobs and strengthen local economies, particularly in economically distressed areas of the state.

In the realm of affordable housing, WFC plays a crucial role in financing the development and preservation of quality, affordable rental housing units. It provides financing to non-profit and for-profit developers who are committed to creating housing options for low- and moderate-income individuals and families. This includes everything from supporting the construction of new affordable housing projects to rehabilitating existing properties to ensure they remain affordable and habitable.

Beyond its direct lending activities, WFC offers a range of technical assistance services to businesses and organizations. This can include business plan development, financial management training, and assistance with navigating the complexities of accessing government funding programs. By providing these support services, WFC helps ensure that its borrowers have the tools and knowledge they need to succeed.

WFC also engages in advocacy efforts to promote policies that support economic development and affordable housing in Wisconsin. This involves working with policymakers and other stakeholders to raise awareness of the challenges facing underserved communities and advocating for solutions that will address these challenges. WFC’s advocacy work helps to create a more favorable environment for investment and development in these communities.

Funding for WFC’s operations comes from a variety of sources, including government grants, private foundations, and investments from financial institutions. Its commitment to transparency and accountability ensures that these funds are used effectively and efficiently to achieve its mission. By leveraging its resources and expertise, WFC plays a vital role in fostering a more equitable and prosperous future for all Wisconsinites.