Why We Exist
WHPC is the successor entity to the Wisconsin Housing Preservation Trust (WHPT). In 1994, WHEDA created the Trust for the purpose of preserving affordable rental housing when at the time, owners of Section 8 housing were beginning to opt out of the program.
This meant that the State was losing units with affordable rent due to market factors. very low rent/income units to the marketplace. WHPT became WHPC in 2001 and entered a period of growing the corporation from a small asset size to where it stands today, with over $500 million in assets, preserving more than 8,500 units of affordable housing.
WHPC has a strong mission and dedication to ensuring that Wisconsin has a supply of affordable rental units. Many of our properties to date have been acquired from sellers that understand and believe in our mission and know that we are a good fit and an owner for the long term.
Today, we are the largest owner of affordable rental housing in the State, and we ensure that approximately $40 million of annual federal rental subsidies are received to support residents with very low incomes. We also offer quality, stable housing for those that have limited options. We know that stability in housing allows residents to have more security and opportunities for their lives and future.
Our Core Values
Our Core Values
With our nonprofit organizational structure, we are better positioned to drive our financial results into delivering more affordability for residents throughout the State. We believe in providing quality housing options and most importantly being a part of the solution for affordability.
Who We Serve
Stable, affordable housing is crucial to the well-being of individuals, families and communities. The security of an affordable place to live empowers individuals to act in their own best interests and prioritize their health, education and job skills.
Through its mission to provide and preserve affordable housing, WHPC acquires, builds and transforms properties into homes that help improve the quality of life for its residents.
What We Do
We believe access to affordable housing is a fundamental human right that recognizes the life and dignity of every person. WHPC integrates acquisition, development and management services to address one of the most significant problems facing the U.S. today: the lack of safe, affordable housing for vulnerable populations.