The Wisconsin Housing and Economic Development Authority (WHEDA) has awarded more than $12 million in low-income housing tax credit (LIHTC) reservations to 25 developments.
The projects will create 1,133 affordable housing units across the state in communities including Appleton, Bayfield, Brillion, Crandon, Eau Claire, Green Bay, Kenosha, Ladysmith, Madison, Menomonie, Milwaukee, Mole Lake, Monona, Oshkosh, New Richmond, Rice Lake, Ripon, Schofield, Waterloo, and Whitewater.
WHEDA received 54 applications this year representing nearly $30 million in requests, demonstrating the high demand for the federal tax credits.
Lt. Governor Rebecca Kleefisch made the announcement at Saxony Manor, a 224-unit seniors housing community in Kenosha, one of the developments receiving housing credits. The Horizon Development Group was $850,000 in credits to rehab the facility and build a community building.
A full list of awardees can be found here.
