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  • Development Guidelines

    Developer Scope of Work Requirements

    Information required for developers and independent, third-party capital needs assessment providers. Appendix G of current year LIHTC.

    Developer Fee Policy

    Our policy regarding developer fees for tax-exempt bond financing and tax credit development. Appendix J of current year LIHTC.

    Preservation

    Preservation Task Force Report

    The Governor's Housing Preservation Task Force has released a report entitled "  Preserving Wisconsin's Quality Affordable Rental Housing". The report proposes streamlined regulation, a trust fund, and other steps to save affordable housing in crisis.

    Purpose of Preservation

    Section 8 properties serve tenants whose average annual income is approximately $9,000. Replacement of this housing would be virtually impossible in today's economic climate. Many of these developments are at a stage where the owners could consider converting the properties to market rate housing. This would displace most of the low-income residents. WHEDA wants to provide loans for these developments to preserve and extend the affordability and viability of these properties.

    We offer owners and prospective buyers of Section 8 properties the knowledge and experience gained by financing and servicing over 20,000 affordable rental units in Wisconsin. Contact a  Commercial Lending Officer (CLO) for more information on Preservation of Affordable Housing

    Market Study Guidelines

    Information required for independent, third-party market study providers. Please read the document carefully to ensure your market study complies. Appendix A of current year LIHTC.

    Market Study Providers

    WHEDA's list of approved independent, third-party market study providers, plus instructions for applying to become an approved provider.

    Capital Needs Assessment Policy & Standards

    Capital Needs Assessment Providers

    A list of approved independent, third-party capital needs assessment providers.

    Insurance Specifications

    Land Survey Requirements

    Required for all developments using WHEDA financing.

    Environmental Report

    WHEDA's environmental report requirements.

    Title Insurance Requirements

    Required for all developments using WHEDA financing.

    Assisted Living Underwriting Guidelines

    In order to address risk associated with assisted living developments, WHEDA has developed loan underwriting guidelines that may be more stringent than standard loan terms associated with specific funding sources/term sheets.

  • Income and Rent Limits

    2017

    • Standard MTSP
      • For tax credit and/or tax exempt bond-financed projects placed in service 4/14/2017 or later, or those not in HUD ‘hold harmless’ areas.
    • HERA Special
      • For projects placed in service on or before 12/31/08 in HUD designated ‘hold harmless’ areas. Do not apply to HUD, RD, and HOME projects.

    2016

    2015

    2014

    2013