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New to Low Income Housing Tax Credits?
 Review documentation for the current credit year on this web site.
- WHEDA's current Qualified Allocation Plan (QAP), which establishes criteria for the allocation of both competitive and noncompetitive tax credit for the State of Wisconsin. The Plan specifies application threshold requirements and timeframes for the acceptance of competitive and noncompetitive applications.
- Credit is awarded based on a point scoring system. The current LIHTC Application and Self-Scoring Exhibit further specify requirements for obtaining an allocation of credit. Access to the LIHTC Application and Self-Scoring Exhibit is within LOLA, the LIHTC OnLine Application, a secure, web-based application. Applications for LIHTC must be submitted through LOLA. Organizations must request and have an account established by WHEDA prior to gaining access to LOLA.
- Review all other available online LIHTC application documentation for the current credit year.
Considerations:
- How viable is the proposed market? A market study helps you assess the market and is a requirement for all LIHTC applications.
- Interested in utilizing LIHTC for an existing multifamily property? A capital needs assessment identifies and quantifies the building's current physical condition and future physical and financial needs and is a requirement for all LIHTC applications.
- Both market studies and capital needs assessments must be prepared according to standards established by WHEDA.
LIHTC applications are both complex and costly. Before beginning an application contact a Senior Underwriter to discuss your development plan.
Additionally, 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.
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