The Wisconsin Housing and Economic Development Authority has announced that projects awarded ARRA Section 1602 Exchange Funds by the agency that have not expended 100% of these funds by December 31, 2010 must demonstrate that by December 31 they have paid or incurred at least 30% of the project’s total adjusted basis in land and depreciable property that is reasonably expected to be part of the low-income housing project. The certification must be submitted to WHEDA by January 5, 2011. Read More…