Wisconsin Housing Preservation Corporation (WHPC)

Whpc acquired 285 additional Housing units in 2022. The total of leasable units in the whpc portfolio is 8,721 at december 31, 2022, and the total number of projects is 148, in which whpc had full ownership or a limited interest in. At december 31, 2022, there are 5,556 units, or 91 projects, that are 100% owned by whpc. This form 990 submission includes the operating activity of 91 projects. 4 other projects with 64 units owned by 3 individual entities file separate forms 990. Whpc has an ownership interest and is the managing member of another 3,101 units, or 53 projects, which are reported on separate tax returns. 77% of the properties included in this submission operate with subsidies received from the us department of Housing & urban development (hud) or the usda rural development (rd), and 76% of the properties are income and rent restricted. 16% of the properties also received hud service coordinator grant funds, which enable the elderly and disabled properties to hire specialized staff for case management and referral services, linking them to community agencies, educating them on available services and tenancy issues, and other functions to facilitate independent living. The december 31, 2022 average occupancy rate for the 91 projects reported is 93%.whpc's portfolio of hud section 8 project-based subsidized properties is consistent with hud Wisconsin's characteristics, having average household incomes of about $14,700 and average tenant-paid rents being about $347 per month. Whpc's average age of its elderly population is about 50 for disabled adults.