The Wisconsin Housing and Economic Development Authority has revised its 2021-2022 LIHTC QAP to provide increased flexibility for developers with supportive housing proposals and for the 2019-2020 QAP to help developers who need extensions to submit project information.
The 2021-2022 QAP sets aside ten percent of State Housing Tax Credits to fund developments that provide supportive services for hard-to-house individuals in at least 25 percent of the units. The revised allocation language expands the universe of organizations providing rental subsidies in these supportive units to include qualified for-profit organizations.
Applications for the highly competitive 2021-2022 federal and state tax credit programs will be accepted between Nov. 20 and Dec. 11, 2020.
The 2019-20 plan has been revised to provide increased flexibility for applicants to file missing paperwork through a new fee structure. No extensions on materials will be provided beyond Dec. 14, 2020.
