Affordable housing developers will receive more than $32 million in federal and state low-income housing tax credits, announced the Wisconsin Housing and Economic Development Authority (WHEDA).

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In total, 23 developments that will provide more than 1,500 affordable homes have been selected to receive tax credits this year.

The projects range from a 36-unit senior development by Gerrard Development in Hudson to 40 units of family housing by the Ho-Chunk Nation in Baraboo and 81 units of veteran supportive housing by the Center for Veterans Issues in Milwaukee.

A total of $15.9 million in federal 9% housing tax credits has been awarded to fund 13 developments, and $7.9 million in state housing tax credits will fund 10 developments.

The award of the state housing credits triggers the availability of $8.4 million in federal 4% housing tax credits for these projects. In all, the tax credits support the development of 1,587 units, including 1,474 low- to moderate-income units for those earning at or below 60% of the area median income, according to WHEDA.

“The housing shortage we are experiencing is unique but not exclusive to Wisconsin,” said WHEDA CEO and executive director Elmer Moore Jr. “Housing tax credits continue to be a powerful resource to expand housing options for our small and large communities and everywhere in between. We are working diligently with developers to push housing developments over the financing finish line. Together we realize that advancing affordable housing helps our communities and the people we serve thrive and prosper.”

A complete list of projects and locations is available here.