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New funding resource for 2020 and 2021 housing tax credit projects

On April 28, 2022, Gov. Tony Evers announced a $20 million investment to provide funding to help fill financing gaps for affordable multifamily developments that received competitive 2020 and 2021 federal or state housing tax credits.

Funded by the American Rescue Plan Act (ARPA), the $20 million investment will be administrated by WHEDA to create a new grant program for developers to help fill shortages in capital sources needed for multifamily housing tax credit projects that still have serious funding gaps.

WHEDA is currently accepting applications for gap financing for eligible projects. Applications must be submitted by Friday, May 27th to be considered. Please review the complete Guidelines and Procedures for additional information on eligibility and the submission process.

Application Materials: 

Contact Emily Francis at emily.francis@wheda.com with questions regarding WHEDA’s housing tax credit program.