Qualified Allocation Plan 2019-2020
QAP Modification #1
This document will be updated periodically, so please check frequently for new information.
Management agents that wish to become certified for the 2020 State and Federal Housing Tax Credit (HTC) processes must submit to WHEDA a
2020 Agent Certification Worksheet by Tuesday, September 3, 2019. 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 HTC 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 State and Federal HTC application rounds.
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 2020 State and Federal HTC applications.
In order for any management agent to become certified and be considered on an HTC application, they must:
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 affordable housing developments managed by the 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 (PIS) 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 HTC application points.
Management Agent Certification worksheets for 2020 State and Federal HTC applications should be submitted to WHEDA no later than Tuesday, September 3, 2019.
Forms can be submitted electronically to Linda.Hammes@WHEDA.com.