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WHEDA /  Developers and Property Managers /  Tax Credits /  Strategic and Emerging Business Programs /  Strategic Business Program

Strategic Business Program 

The WHEDA Strategic Business Program (formerly known as the Emerging Business Program) encourages contracting with economically disadvantaged businesses and union contractors. Participation is encouraged with an award of housing tax credits beginning with the 2025 award cycle.

The Strategic Businesses dollar goals will be established by county and will be based on percentages of allowable construction cost to include (not an all-inclusive list): general contracting, grading, excavation, concrete, paving, framing, electrical, carpentry, roofing, masonry, plumbing, painting, asbestos removal, trucking, and landscaping and the following soft costs: planning, architectural, and engineering fees. 

Developers of tax credit developments who meet the Strategic Business participation goals are eligible to receive a refund of one-third (33%) of their Reservation fee. Developers must report their results to WHEDA using the email address: SBP@wheda.com. Please refer to the forms that should be used.. 

 

Strategic Program Forms 

Form Rev Date Purpose Use When
Strategic Business Program Manual 09/29/2025 Guide for understanding of program guidelines Reviewed by anyone interested in participating in the Housing Tax Credit Program
Strategic Business Program Opt-in Form 09/29/2025 Form to make WHEDA aware of projects which will possibly qualify for the Strategic Business Program Send to SBP@wheda.com before construction of project
Strategic Business Participation Plan 09/29/2025 Details anticipated Strategic Business participant contract information. Submitted after the completion of construction to SBP@wheda.com
Strategic Business Eligible Hard Costs 09/29/2025 Template used to document the eligible project cost used to establish the participation goal.  Submitted after the completion of construction to SBP@wheda.com
Strategic Business Final Report 09/29/2025 Report all contractor that have been awarded contracts and are preforming work on the development.  Submitted after the completion of construction to SBP@wheda.com
Strategic Business Payment Certification 09/29/2025 Confirm that the payment was made and the amount is correct and accurate  After construction is complete and all payouts are made.