The money will be used for infrastructure, to encourage housing development.
State Senate Majority Leader Casey Crabtree of Madison says everyone wanted to money sooner, but the wait will be over soon.
New rules were just approved for the program, and the application process will open soon.
That’s why the legislature and governor approved a $200-million dollar housing infrastructure plan this year.
The plan has taken longer to roll out than planned, but Crabtree says in the end, it will be worth it.
The state housing authority will begin taking applications for the program within a few weeks.