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Wyoming Community Development Authority
Wyoming Community Development Authority (WCDA) was created by state statute and is an instrumentality of state government. WCDA receives no state funding.
WCDA historically raises its capital for the mortgages by selling tax exempt mortgage revenue bonds to investors. Since the interest paid to bond holders is exempt from federal income tax, investors accept a lower rate. The WCDA then passes these savings on to homebuyers by providing mortgages at below-market interest rates. The homebuyers' mortgage payments repay the bonds. Typically, those mortgages are targeted to low and moderate income households.
In addition to providing bond financing, WCDA also delivers mortgages to non first time homebuyers into the secondary market. The WCDA offers its mortgages in cooperation with participating mortgage lenders throughout the State.
There is no question that Wyoming's families need decent, affordable housing. WCDA has played an important role in providing that housing, and in helping families take a first step on the road to fulfilling their American dream. In addition, every home built, rehabilitated or financed with WCDA funds means more Wyoming jobs and greater economic stability to our State.
155 North Beech Street
Casper, Wyoming 82601