Wyoming Administrative Code Agency 900 - Community Development Authority, Wyoming
Here’s a refined and updated summary of the Wyoming Administrative Code, Agency 900 – Community Development Authority (WCDA), specifically Subagency 0001 – General Agency, Board or Commission Rules:
📘 Chapter 1 – Mortgage Purchase Program
Effective November 28, 2012, outlines WCDA’s mortgage-buying of eligible home loans:
§ 1‑1 Authority – Grants the governing authority.
§ 1‑2 Purpose/Objectives – Defines aims: increase homeownership and affordable mortgages in Wyoming.
§ 1‑3 Definitions – Clarifies terms like “Mortgage Loan,” “Borrower,” etc.
§ 1‑4 Applications – Sets procedures for lenders to apply to sell mortgages to WCDA.
§ 1‑5 Allocation – Describes how WCDA allocates funding to purchases.
§ 1‑6 Yield – Sets acceptable interest yield for purchased mortgages.
§ 1‑7 Conditions – Mortgage eligibility criteria (loan types, credit checks).
§ 1‑8 Servicing – Lender responsibilities post-sale.
§ 1‑9 Records – WCDA’s rights for audits.
§ 1‑10 Jurisdiction – Parties agree to Wyoming District Court jurisdiction.
§ 1‑11 Other Programs – Incorporates other homeownership initiatives.
§ 1‑12 Bonds – Rules on WCDA’s bond purchases/funding sources.
§ 1‑13 Securitization – Permits resale or securitization of mortgages by WCDA.
(law.cornell.edu)
📘 Chapter 3 – Economic Development Projects
Current through March 29, 2025, regulates WCDA financing for community projects:
§ 3‑8 Review of Applications – The Executive Director must ensure completeness and applicant eligibility before moving forward.
(regulations.justia.com)
📝 Summary Table
| Chapter | Focus Area |
|---|---|
| 1 | Mortgage purchase programs & processes |
| 3 | Economic development application standards |
👉 What’s Next?
The WCDA code likely includes additional chapters—such as oversight, reporting, bonds, and funding—but these are not captured in current online summaries. For full details, you can explore:
Wyoming Secretary of State’s rule portal (rules.wyo.gov). (rules.wyo.gov)
WCDA official site for program guidelines and manuals. (wyomingcda.com)
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