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  • LIHTC Allocating

    The Low-Income Housing Tax Credit (LIHTC) is a dollar-for-dollar reduction of federal income taxes owed by owners/investors in qualified projects for tenants whose incomes are at or below 60% of County Median Income (CMI).

    WHEDA signed a Memorandum of Understanding (MOU), dated February 27, 2012, with the U.S. Department of Housing and Urban Development (Wisconsin) and Rural Housing Service in Wisconsin for all LIHTCs. 

    The Low-Income Housing Tax Credits are awarded by a Qualified Allocation Plan, or QAP.

    Each program year features specific information, including the appropriate QAP, application, award and reservation lists, fast facts, income and rent limits, and other pertinent information.

    • Current Program Year
    • Future Program Year
    • Previous Years
    • Guidelines
    • 4% Tax Credit
    Current Program Year

    2018 Program

    Memoranda

    2018 Guidance and FAQs

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

    Qualified Allocation Plan (QAP)

    Future Program Year

    Click here to visit the  2019 Program Page

    Qualified Allocation Plan (QAP)


    2019 Guidance and FAQs

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


    Previous Years

     

    Guidelines

    Guidelines for Capital Needs Assessment Policy and Standards, Developer Scope of Work Requirements, Developer Fee Policy, and Market Study Guidelines are now year specific. Appendices containing the information for a specific year can be found by clicking on the appropriate program year tab.

    Capital Needs Assessment Providers
    A list of approved independent, third-party capital needs assessment providers. (Revised 5/17)
    Market Study Providers
    WHEDA's list of approved independent, third-party market study providers, plus instructions for applying to become an approved provider.

     

     

    4% Tax Credit

    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 Commercial Lending Officer 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.