In response to the rising construction costs, WHEDA will be increasing the Credit Usage scoring ranges (category 13) for the 2018 LIHTC application cycle. As a number of LIHTC applications are already in process within WHEDA’s on-line LIHTC application (LOLA), WHEDA will not be able to accommodate the changes to the Credit Usage scoring ranges within LOLA. Applicants will be required to submit a printed one-page Excel document which mimics the current Credit Usage category (including the revised Credit Usage ranges) with their LIHTC application. WHEDA staff will be able to adjust the Credit Usage scoring within LOLA during the application review and underwriting process.
The Revised Credit Usage Ranges have been posted to WHEDA’s website.
