Several Northwoods legislators are among those proposing a bill that would assist consumers dealing with the national and statewide propane shortage.
Last month Governor Walker established a loan guarantee program to assist the dealers in financing to purchase and distribute propane to those in need. This latest bill now at the committee level would help middle-class homeowners acquire low-interest loans, guaranteed in part by the state, to purchase propane and other heating supplies.
Representative Mary Czaja says, “ While assistance is currently available for low income individuals, this bill will help ensure those in the middle class are also able to pay their propane bills and heating expenses.”
Homeowners would be able to acquire low-interest loans to purchase propane or other heating supplies that are approved by (WHEDA). Similar to the drought assistance program that currently exists, WHEDA will guarantee the loans and pay a portion of the interest rate charged. The loans cannot exceed $2,500 and to be eligible a borrower’s household income cannot exceed 200 percent of the median family income in the county in which they reside.
In addition to Representative Czaja, Rob Swearingen and Senator Tom Tiffany are also co-sponsors.