Since 1975, Wyoming Community Development Authority (WCDA) 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, WCDA 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 three major affordable rental housing development programs; the Low-income Housing Tax Credit (LIHTC) Program, the National Housing Trust Fund (NHTF), and the HOME Investment Partnerships Program (HOME). These three federal programs have funded more than 5,000 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.
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Honorable Mark Gordon
Honorable Curt Meier
WCDA Executive Director
The WCDA Board of Directors meets every other month (six times per year). Meetings typically begin at 8:30 a.m. The first meeting of 2020 is in January.
The WCDA Board of Directors conducts a work session every other month (six times per year) on the Tuesday preceding the scheduled Board meeting. Meetings begin at 1:00 p.m. with a meal just prior to the start of the work session. The first meeting of 2020 is in January.
The WCDA Board of Directors conducts a conference call every other month (six times per year). Conference calls begin at 8:00 a.m. The first conference call of 2020 is in February.
2020 WCDA Board of Directors Meeting Calendar
January 28, 2020 Board of Directors Work Session, Casper
January 29, 2020 Board of Directors Meeting, Casper
February 26, 2020 Board of Directors Conference Call
March 24, 2020 Board of Directors Work Session, Casper
March 25, 2020 Board of Directors Meeting, Casper
April 29, 2020 Board of Directors Conference Call
May 26, 2020 Board of Directors Work Session, Casper
Review of 1st Draft Budget & 2020-2021 Strategic Plan
May 27, 2020 Board of Directors Meeting, Casper
June 24, 2020 Board of Directors Conference Call
Approval of 2020-2021 Budget
July 28, 2020 Board of Directors Work Session, Casper
July 29, 2020 Board of Directors Meeting, Casper
August 26, 2020 Board of Directors Conference Call
September 22, 2020 Board of Directors Annual Work Session – TBD
September 23, 2020 Board of Directors Annual Meeting – TBD
October 28, 2020 Board of Directors Conference Call
November 17, 2020 Board of Directors Work Session, Casper
November 18, 2020 Board of Directors Meeting, Casper
December 23, 2020 Board of Directors Conference Call
*Board meeting dates are subject to change.
To help our fellow Wyoming citizens attain quality and affordable housing.
Our vision is to be a leader in bringing economic and community value to Wyoming based on our expertise in housing.
We finance affordable housing in Wyoming.
Teamwork – We bring people together
Responsibility – We are accountable
Integrity – We do the right thing
Community – We are involved
Compassion – We care
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