The Wisconsin Housing and Economic Development Authority (WHEDA) recently announced that it has lowered its permanent lending rate for LIHTC developments to 6.90%. The agency has indicated that competitive LIHTC applicants should use this rate, along with a 30 year amortization, in LIHTC underwriting. 2012 Competitive LIHTC applications are due February 3, 2012. Questions regarding the applications or these rate changes may be directed to any WHEDA Senior Underwriter or Bill Boerigter at (608) 267-1450 or by email at [email protected].
To view the memo released by WHEDA, click here.
