2019 Housing Tax Credit (HTC) Program

Wisconsin Qualified Allocation Plan (QAP)

Qualified Allocation Plan 2019-2020

Memoranda

• Revised Deadline for 2019 State Housing Tax Credit Applications
• 4% State Tax Credit – LOLA Attachment
• 2019 10% Test Due Dates

2019 Guidance and FAQs

This document will be updated periodically, so please check frequently for new information.

• 2019 FAQs – Updated 12/13/2018

2019 Self Scoring Exhibit, Sample Application

• Self Scoring Exhibit
  This document is subject to change prior to the release of the on-line LIHTC application later in the year
• Sample Application

2019 Appendices and Other Required Materials

Appendices and other required materials provide instruction/information needed to prepare a LIHTC application.  WHEDA will be periodically releasing 2019 LIHTC appendices, guidance and scoring information in the summer of 2018.   The information on this page should not be considered final until all items have been published and the on-line LIHTC application is available for the 2019 cycle.

Management Agent Certification Process

Overview

Management agents that wish to become certified for the 2019 9% Low Income Housing Tax Credit (LIHTC) and 4% Wisconsin Affordable Housing Tax Credit (WAHTC) processes must submit to WHEDA a 2019 Agent Certification Worksheet by Tuesday, September 4, 2018. For 2020, please submit the 2020 Agent Certification form. WHEDA will then evaluate each agent and send a certification or denial letter. Management agents should supply a copy of this certification letter to developers that are submitting Housing Tax Credit applications to be included in their submission packets.  

This is an annual process that will be required each year for agents to be eligible to be listed on the current Housing Tax Credit application round. 

NOTE: This is NOT a requirement for agents currently managing tax credit projects. It is only a requirement for agents that wish to be listed on 2019 Housing Tax Credit applications. 

Requirements

In order for any management agent to become certified and be considered on a Housing Tax Credit application, they must: 

1. Have at least one person who has attended at least one Tax Credit training within the past 36 months
   1. Must supply name, title, training attended, date of attendance, and description (if not on approved training list)
   2. Consultants or subcontractors do not qualify
   3. Approved trainings include Spectrum, Quadel, Housing Credit College, WHEDA, NCHM, Liz Bramlet, TheoPro, Elizabeth Moreland, Novagradac, or other approved by WHEDA
2. Have at least one similar Tax Credit (or other affordable housing) project in their current portfolio
   1. Provide to WHEDA with re-certification application a portfolio summary, including project names, addresses, funding types, and unit types

The management agent or any entity serving as the agent cannot have a project in their portfolio with any of the following: uncorrected noncompliance, untimely reporting, failure to submit information, unpaid fees, below average or unsatisfactory management reviews, or general material noncompliance.  WHEDA reserves the right to gather information from other housing authorities regarding any low income housing developments managed by the management agent outside the state of Wisconsin. 

The management agent listed on the application must be retained by the ownership entity for at least two (2) years after the placed in service date, unless a written request is submitted to and approved by WHEDA.  If the management agent is changed without WHEDA approval during this two year period, WHEDA reserves the right to deduct future Housing Tax Credit application points. 

2019 Submission Information

Click here for a list of Management Agents that have been certified for the 2019 Housing Tax Credit cycle.