The Wisconsin Housing and Economic Development Authority has released final guidance regarding its Section 1602 Tax Credit Exchange Program and its Tax Credit Assistance Programs (TCAP). Notably, the final TCAP regulations modify the definition of an eligible project’s “award of LIHTCs” to: “a development with one of the following: a fully executed LIHTC Reservation Agreement with fees remitted, 2) a fully executed Carryover Agreement or 3) an executed Tier One Review letter (4% Credits).” No significant revisions or additions were made to the Exchange Program guidelines. TCAP & Exchange Program