(1) The department shall do all of the following: (a) Subject to sub. (2), make grants or loans, directly or through agents designated under s. 16.304, from the appropriation under s. 20.505 (7) (b) to persons or families of low or moderate income to defray housing costs of the person or family. (b) Determine the rate of interest, repayment terms or any other term of a loan made under this section. (c) Set minimum standards for housing that is occupied by a person or family of low or moderate income who receives a grant or loan under this section. (2) In connection with grants and loans under sub. (1), the department shall do all of the following: (a) Base the amount of the grant or loan on the ratio between the recipient’s housing costs and income. (d) Ensure that the funds for the grants and loans are reasonably balanced among the varying housing needs of persons or families of low or moderate income. (e) Give priority for grants and loans to all of the following: 1. Homeless individuals and families. 2. Elderly persons. 3. Physically disabled persons. 5. Families in which at least one minor child but only one parent live together. 6. Families with 4 or more minor children living together. 7. Other persons or families that the department determines have particularly severe housing problems. (3) (a) The department may make grants or loans under sub. (1) (a) directly or through agents designated under s. 16.304. (b) The department may administer and disburse funds from a grant or loan under sub. (1) (a) on behalf of the recipient of the grant or loan.
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