Wisconsin

The HUD Milwaukee office reviews the reasonableness of management fees every two years and establishes a maximum allowable fee.  Effective September 1, 2015, the maximum allowable fee will be $48 per unit per month.  The per unit per month amount is used to establish the management fee percentage.

WHEDA announced that, effective immediately, any Tax Credit property that has been utilizing the local PHA utility allowance, submission of AHTC Form 205 Part A will no longer be required. However, all Owners/Managers are still required to:

Please visit WHEDA’s website for a list of updated census tracts that make-up the Employment Center and/or High Need Areas for the 2016 LIHTC cycle.

Wisconsin Housing and Economic Development Authority awarded $12.5 million in low-income housing tax credits (LIHTCs) to fund 25 affordable housing developments. WHEDA received 51 applications with nearly $28 million in requests for the 2015 LIHTC round. To view the full list of awards, click here.

Wisconsin Housing and Economic Development Authority amended its policy for recertification exemptions to clarify that if an owner has elected a BIN(s) as a project and all have been allocated as 100% low-income as documented on the Form 8609, line 8B these will not be required to complete an annual tenant income recertification.

The Wisconsin Housing and Economic Development Agency will host 2015 Tax Credit Compliance Workshops on Thursday, May 7, 2015 in Madison and Thursday, September 17, 2015 in Brookfield. This course is intended as an overview of the program, compliance requirement and WHEDA’S monitoring procedures.

WHEDA made changes to the Low Income Housing Tax Credit Qualified Allocation Plan for the upcoming High Impact Project Reserve application round.  A memo describing the changes can be found on WHEDA’s website.

The Wisconsin Housing and Economic Development Authority (WHEDA) has released a memo regarding the 2015 LIHTC Program updated FAQ and additional guidance for Category 7. It is available on the Agency’s website.

The Wisconsin Housing and Economic Development Authority (WHEDA) announces that the 2015 Competitive LIHTC application is now available on LOLA, WHEDA’s LIHTC online system. Applications for credit must be submitted electronically using LOLA.  Competitive applications will be accepted January 16 – January 30, 2015 (5:00 p.m. CST).

WHEDA has modified the Qualified Allocation Plan regarding submittal dates and selection criteria for the 2014 LIHTC “High Impact Reserve Project”. The 2014 LIHTC High Impact Project Reserve (HIPR) application is now available on LOLA, WHEDA’s LIHTC online system. Applications will be accepted from July 15-30.

The Multifamily Energy Savings Program Eligibility Tool assists program staff in determining the most appropriate course for the customer’s building. The tool should be filled out to the best of the user’s abilities. Not all fields are required but each field assists program staff to determine the correct course for the customer’s building. Many fields […]

This tool identifies if your property is eligible for the Wisconsin Focus on Energy Multifamily Energy Savings Program (MESP) program. In order to be eligible you must have a multifamily building that is 4 or more units. Buildings with less than 4 units may qualify for other programs. Download