Tax Credit Monitoring provides information about WHEDA's monitoring program to assist Section 42 property owners and management companies.
The Rental Compliance Reporting System (RCRS) is available for submitting Unit Status Reports electronically. RCRS allows owner/agents to electronically submit unit event history to WHEDA® online via services on our web site. RCRS can be accessed through
eWHEDA, a secure area for all of our partners. You need to complete and submit a
Delegated Administrator (DA) Agreement to WHEDA. Once WHEDA receives the completed agreement, you will get a confirmation e-mail indicating that your account has been activated. You must set up your account within three calendar days after receiving the confirmation e-mail. This confirmation will also include instructions for creating user accounts for additional persons within your organization.
Click here for a link to the XML State Housing Finance Agency Low Income Housing Tax Credit Data Transfer Standard.
If you are new to the system, you must sign up for
eWHEDA in order to gain access.
Tax Credit Extended Use Period provides WHEDA's procedures and forms for tax credit properties completing the initial 15-year compliance period in accordance with section 42 regulations.
The Omnibus Reconciliation Act of 1989 provided an option for owners to exit the Housing Credit at the end of the initial 15-year compliance period.
Applies only to those properties that are eligible for opt-out at some time prior to the 29th year of usage. If eligible, owners may request that WHEDA find a buyer for the low-income portion of a property. WHEDA has one year to find a buyer at a pre-determined price, not to exceed the Qualified Contract Price (QCP).