2018 Housing Tax Credit (HTC) Program
- 2018 10% Test Due Dates
- 2018 State Housing Tax Credit Process and Procedures
- 4% State Tax Credit – LOLA Attachment
- LIHTC Announcement - Date Changes for the 2017 and 2018 LIHTC Cycles
- Guidance for 2018 LIHTC Applications with State Historic Tax Credits
- 2018 LIHTC Application Template
- Revisions to Credit Usage Scoring Ranges – November 3, 2017
2018 Guidance and FAQs
This document will be updated periodically, so please check frequently for new information.
2018 Appendices and Other Required Materials
Appendices and other required materials provide instruction/information needed to prepare a LIHTC application. WHEDA will be periodically releasing 2017 LIHTC appendices, guidance and scoring information in the summer of 2016. 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 2017 cycle.
Management Agent Certification Process
Management agents that wish to become certified for the 2018 LIHTC process must submit to WHEDA a 2018 Agent Certification Worksheet by Friday, September 1, 2017. 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 LIHTC 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 LIHTC 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 2018 LIHTC applications.
In order for any management agent to become certified and be considered on an LIHTC application, they must:
- Have at least one person who has attended at least one Tax Credit training within the past 36 months
- Must supply name, title, training attended, date of attendance, and description (if not on approved training list)
- Consultants or subcontractors do not qualify
- Approved trainings include Spectrum, Quadel, Housing Credit College, WHEDA, NCHM, Liz Bramlet, TheoPro, Elizabeth Moreland, Novagradac, or other approved by WHEDA
- Have at least one similar Tax Credit (or other affordable housing) project in their current portfolio
- 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 LIHTC application points.
2018 Due Date & Submission Information
Management Agent Certification forms for competitive 2018 LIHTC applications can be submitted to WHEDA no later than Friday, September 1, 2017.
Forms can be submitted electronically to Linda.Hammes@WHEDA.com.
LIHTC Online Application (LOLA)
Applications for Credit must be submitted electronically using LOLA, WHEDA’s LIHTC Online Application. Log in to your eWHEDA account to access LOLA .
Competitive applications will be accepted November 17 – December 8, 2017 (5:00 p.m. CST).
See the 2017-2018 QAP for cycle details. The 2018 LIHTC application is expected to be available in mid-October, 2017.
Getting to Know LOLA
Complete instructions on how to use LOLA to submit an application
Emerging Business and Workforce Development Program
The Emerging Business Program encourages the involvement, utilization, and development of economically disadvantaged businesses in the State of Wisconsin. Participation is required with an award of Low Income Housing Tax Credits (LIHTC) in certain counties in Wisconsin, and is voluntary in others. The companion Workforce Development Program, was created to help unemployed and underemployed individuals obtain living wage jobs in areas and counties surrounding LIHTC developments. Please refer to the Program Manual for details.
Income and Rent Limits
- Standard MTSP
- For tax credit and/or tax exempt bond-financed projects placed in service 4/01/2018 or later, or those not covered by the ‘hold harmless’ provision.
- 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.
- 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
Qualified Allocation Plan (QAP)
Additional Credit Guidance
Securing additional tax credits for existing Section 42 LIHTC developments. Available here