Governor Evers and WHEDA Announce New Plan for State Housing Tax Credits

Thursday, August 29th, 2024 -- 11:01 AM

(Bob Hague, Wisconsin Radio Network) Governor Evers and WHEDA have announced a new plan for state housing tax credits.

According to Bob Hague with the Wisconsin Radio Network, Governor Tony Evers and the Wisconsin Housing and Economic Authority say the Qualified Allocation Plan includes changes to use the federal and state tax credits effectively and to reach as many communities as possible.

That includes redefining categories that promote resource distribution, modifications to the competitive and non-competitive application process, and updating and revising scoring categories to respond to the current state of the housing market.

According to the governor, WHEDA awarded $69 million in federal and state tax credits during the 2023-24 period to create more than 2,900 affordable housing units.

Feel free to contact us with questions and/or comments.