The Wisconsin Housing and Economic Development Authority (WHEDA) has released its draft 2011 Qualified Allocation Plan (QAP) and a self-scoring exhibit for its low-income housing tax credit program. The draft 2011 QAP proposes the following changes regarding point scoring and program processes:
- Eliminates the six points available for projects developments served by government-sponsored transit services under the Energy Efficiency and Sustainability point category;
- Eliminates the Small Development point category (up to 6 points);
- Creates a new point category for Acquisition Rehab (up to 30 points);
- Revise Developer’s Fee Policy to reduce fee from 12% to 9% on units beyond 55;
- Provides the HFA 30% basis boost to all applications;
- Establish a $1,050,000 maximum credit award to any one project.
