Qualified Allocation Plan (QAP)
The Qualified Allocation Plan is a system for scoring the impact of a housing project on Wisconsin residents.
Objectives of the Qualified Allocation Plan
WHEDA will execute the following objectives in a transparent and responsible manner:
|Increase supply of affordable housing||
|Employ place-based strategies||
|Seek innovative ways to leverage capital||
|Increase economic opportunity||
Wisconsin's Qualified Allocation Plans are prepared in accordance with Section a2(m)(l)(A)(i) of the Internal Revenue Code of 1986 and approved unanimously by the Wisconsin Housing and Economic Development Authority (WHEDA) Board. Plans are based upon Congressional mandates and Wisconsin's housing needs. The intent for this Plan is to provide as many quality affordable housing opportunities as possible. WHEDA will administer the state's Low-Income Housing Tax Credit Program. WHEDA and the multifamily housing development community have produced over 50,000 units of affordable rental housing for families and elderly households since 1987. The credits available under the Plan will produce and preserve high quality affordable rental units. Working together, we can ensure all citizens of Wisconsin safe, decent and affordable housing.