Our mission is to help our fellow Wyoming citizens attain quality and affordable housing.
Relationship to the State Government: Instrumentality of the State
Current Staff Size: 45Visit WCDA's Website
WCDA is established.
Sold its first bond issue of $53,600,000.
The HUD Section 8 Rental Assistance Program launched.
Launched its mortgage loan servicing department.
Developed a Habitat for Humanity Program where WCDA purchased loans at 0% interest
Total Finance Provided
Renters Served Since 1975
Homeowners Served Since 1975
In an effort to stay competitive, give borrower’s a more financially responsible option for funding their down payment and closing costs, and increase our volume, WCDA restructured our approach to down payment assistance launched in 3/30/2016. Home$tretch has a 0% interest rate, no monthly payment, due on sale, refinance or at the end of a 30 year maturity. This program still exists today and is Bond funded and paired only with our first mortgage bond products.
First Mortgage Purchase Volume Increase Since Home$tretch was Created: $36,700,000
“There has been a serious shortage of affordable housing in Wyoming for a number of years. Due to a lack of housing, business leaders, hospitals, educators and others statewide are challenged to recruit and retain a workforce. As a result of not being able to maintain a stable business environment or a basic level of essential services, populations decline, tax base erodes, student performance declines, the risk of homelessness increases, and communities deteriorate. Working with housing partners and others such as realtors and mortgage lenders, WCDA is determined to develop a Wyoming Housing Trust Fund to address the housing shortage in the State of Wyoming. A grass roots effort over the last few years has began to gain momentum and as others see the need for help fund affordable housing within Wyoming as leaders realize Wyoming must address its housing needs to promote economic development and strengthen community infrastructure, because Wyoming knows best how to address Wyoming’s housing needs!”
Transitional Housing Program
In response to the need for housing to assist WY’s homeless/formerly homeless individuals transitioning to permanent housing, the WCDA Board of Directors voted in June 2017 to allocate $4 M from WCDA’s mortgage revenue-funded Housing Trust Fund towards the construction of supportive housing facilities for this vulnerable population. The Transitional Housing Fund operates as a revolving loan fund with proceeds from project loan repayments returned to the Fund for use on future projects.