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2022 Housing Tax Credit (HTC) Programs

2022 9% Federal Housing Tax Credit

Application round documents.
The application round closed December 10th, 2021

 

2022 4% State Housing Tax Credit

Application round documents
The application round closed December 10th, 2021

 

 

Wisconsin Qualified Allocation Plan (QAP)

Memoranda

2022 Guidance and FAQs

Additional Materials for certain applications

Management Agent Certification Process

2022 Certified Management Agents

(The Management Agent Certification Procsss for 2021 was completed on September 1st, 2021.)

Overview

Management agents that wished to become certified for the 2022 State and Federal Housing Tax Credit (HTC) processes must have submitted to WHEDA a 2022 Agent Certification Worksheet by Wednesday, September 1, 2021. WHEDA will then evaluated each agent and sent 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 2022 State and Federal HTC applications.

Requirements

In order for any management agent to become certified and be considered on an HTC 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 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.

 

 

Income and Rent Limits

2022

  • Standard MTSP
    • For tax credit and/or tax exempt bond-financed projects place in service 4/18/2022 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.
  • Average Income
    • For 4% tax credit projects who are 100% low-income and elect income averaging on their application beginning with the 2020-2021 QAP.

 

2021

  • Standard MTSP
    • For tax credit and/or tax exempt bond-financed projects place in service 4/01/2021 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.
  • Average Income
    • For 4% tax credit projects who are 100% low-income and elect income averaging on their application beginning with the 2020-2021 QAP.

2020

  • Standard MTSP
    • For tax credit and/or tax exempt bond-financed projects place in service 4/1/20 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.
  • Income Averaging
    • For 4% tax credit projects who are 100% low-income and elect income averaging on their application beginning with the 2019-2020 QAP.

2019

  • Standard MTSP
    • For tax credit and/or tax exempt bond-financed projects place in service 4/24/19 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.
  • Income Averaging
    • For 4% tax credit projects who are 100% low-income and elect income averaging on their application beginning with the 2019-2020 QAP.

2018

2017

2016

2015

2014