The Wisconsin Housing and Economic Development Authority (WHEDA) has announced a special low-income housing tax credit (LIHTC) round.
The agency has designated a minimum of $850,000 in LIHTCs under its High-Impact Project Reserve (HIPR) program.
“WHEDA is delighted to be awarding tax credits that will lead to one, possibly more developments that will provide significant benefit to neighborhoods here in Wisconsin,” said Wyman Winston, executive director, in a statement. “I strongly urge developers to seek credits for their projects during the application process now underway.”
Applications are due no later than July 31. More information is available on the WHEDA website.
HIPR was created in 2013 in order to fund a particularly impactful LIHTC project that year. The winning project(s) this year will be selected in a special round being held later than the normal selection round of LIHTCs that was announced in April. The HIPR concept is to award LIHTCs to a project that has strong economic development or redevelopment attributes, has significant community support, and/or has a tangible impact on job creation, retention, or training.
