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Using 4% Credit with Tax-Exempt Bond Financing
- Rental developments that use WHEDA
tax-exempt bond financing or locally issued tax-exempt bonds under
the volume cap limitation on private activity bonds are eligible for
the 4% Credit without a charge against the state's Credit allocation
(e.g. it is a non-competitive credit allocation).
- Tax credit applications are accepted throughout each calendar year (see the specific program year for additional information) and must meet minimum market and scoring thresholds as determined by WHEDA.
- The applicable credit rate is adjusted monthly by the U.S. Treasury and subject to
adjustment during Credit application revisions.
- Contact a Senior Underwriter to discuss your development plan and availability of the volume cap.
- If you have not previously developed a tax credit project, WHEDA strongly suggests consulting a tax professional regarding the rules and regulations of the LIHTC Program.
- Complete an application online using our LIHTC OnLine Application (LOLA), a secure, web-based application. All applications for tax credits must be submitted through LOLA.
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