2009 Tax Credit Program

Rates

Taxable Bond Rate:
8.050%
Tax-Exempt Financing:
8.012%
Preservation Plus:
7.762%
Construction Plus:
2.280%
Tax Credit Financing:*
7.000%
*30 year term/15 year yield maint/30 year amort.

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2009 Tax Credit Program

LIHTC OnLine Application (LOLA)

Applications for Credit must be submitted electronically using LOLA, WHEDA's LIHTC OnLine Application: Signup or access an existing account

Competitive applications will be accepted January 16 - August 31, 2009 (5:00 p.m. CST). See the amendment to the 2009-2010 QAP for cycle details. Noncompetitive applications will be accepted January 2 - December 28, 2009 (5:00 p.m. CST).

Getting to Know LOLA
Complete instructions on how to use LOLA to submit an application

2009 Application Appendices

Appendices provide instruction/information needed to prepare a LIHTC application. (.pdf) See About File Formats for help.

Appendix A - Market Study Guidelines
Appendix B - Nonprofit Set-Aside Threshold
Appendix C - 2008 Income and Rent Limits
Appendix D - Home Funds and Low-Income Housing Tax Credits
Appendix E - Eliminated for 2009
Appendix F - Qualified Census Tracts
Appendix G - 221(d)(4) Cost Limit Guide (Excel spreadsheet)
Appendix H

Appendix I - Service Provision in Senior Housing
Appendix J - Utility Allowances
Appendix K - Developer Fee Policy
Appendix L - Eliminated for 2009
Appendix M - WHEDA Design Requirements Revised 12/12/08
Appendix N - HUD/RD Submittal Requirements
Appendix 0 - Eliminated for 2009
Appendix P - Development Team Quality
Appendix Q - Identity of Interest Situations
Appendix R - Certified Rent Roll Requirement
Appendix S - Construction Signage Requirement

The four files below are for use only by your sign-maker since the file formats can only be read by specific graphic arts programs.
- Two-color .eps graphics zip file (1.27MB)
- Two-color .pdf graphics zip file (427KB)
- Four-color .eps graphics zip file (988KB)
- Four-color .pdf graphics zip file (424KB)
See How to Download Executable Files for instructions on how to save and open zipped files.

Appendix T - Eliminated for 2009

Entire Packet of Appendices A-T

Additional 2009 Required Materials

(.pdf, .exe, or .xls format)

Required:

Debt Interest Methodology - Competitive Applications must use the permanent debt interest rate (WHEDA's 18-year term Tax Credit Financing rate published the first week in January, 2009, including rate hedge).
Development Team Experience Forms
(.pdf) (.exe)
Fee Remittance Form
(.pdf) (.exe)
Local Official Notification Form
(.pdf) (.exe)
Credit Award Checklist
(.pdf) (.exe)
Request for Referrals Form
(.pdf) (.exe)

Optional for certain applications:

Applications for Additional Credit
Revised 11/26/08
LIHTC Multifamily Loan Application Addendum
(.pdf) (.exe)

Credit on Credit Guidance

Securing additional tax credits for existing Section 42 LIHTC developments

Impact of H. R. 1424 on 2009 QAP

QAP

WHEDA Board amends 2009-10 QAP on November 17, 2008.
FINAL 2009-2010 Qualified Allocation Plan
The (.pdf) includes the Governor's approval letter, the FINAL Qualified Allocation Plan, and major changes for 2009.

2009 Sample Application and Self-Scoring Exhibit

Tax Credit Advisory Committee

6-05-08 Minutes

5-22-08 Minutes