twitterlinkedinfacebookcontactcareersnewslendersabouthome
access your account
homebuyers
homeowners
multifamily
Community partners
investors
about WCDA

About WCDA

For more than 35 years, Wyoming Community Development Authority has been making it easier for people across Wyoming to finance their first home.

We provide low-interest single family mortgages, and education to help our customers buy and retain their homes. We also offer special programs to aid in the sustainability of homeownership. From our down payment assistance program, to homebuyer education and counseling, to our partnerships with developers and our work with non-profit community organizations, Wyoming Community Development Authority is the state’s leading resource for housing finance.

In 1975, the WCDA was created by state statute, as an instrumentality of the state, for the purpose of raising capital to finance affordable housing. WCDA receives no state funding. WCDA’s largest housing program is the Single Family Mortgage Purchase Program for first-time homebuyers. In order to fund this program, WCDA raises capital by selling tax-exempt mortgage revenue bonds to investors. Since the interest on the bonds is tax exempt, the investors accept a lower rate of return. The savings is passed through to homebuyers in the form of lower interest rates on mortgages.

In 2012, WCDA began offering additional financing programs for homebuyers by taking advantage of special mortgage purchase programs offered through the federal government for Housing Finance Agencies (HFAs). These programs are called the HFA Preferred Programs and are not limited to first-time homebuyers.

In addition to its single family programs, WCDA currently administers two major affordable rental housing development programs, the Low-income Housing Tax Credit (LIHTC) Program and the HOME Investment Partnerships Program (HOME). These two federal programs have funded more than 4,500 units of affordable rental housing across the state.

From time to time, WCDA may administer other special housing programs on behalf of the state. Most recently, WCDA allocated more than $38.8 million in federal stimulus funds to affordable housing under the Neighborhood Stabilization Program (NSP), the Tax Credit Exchange Program and the Tax Credit Assistance Program.


WCDA news

Federal Home Loan Bank of Seattle Announces 2015 Affordable Housing Program Implementation Plan

The Federal Home Loan Bank of Seattle (Seattle Bank) is pleased to announce the release…read more »

more news »

First-time Homebuyer Program 3.25%