Wisconsin

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Wisconsin’s Housing and Economic Development Authority (WHEDA) has announced a series of Low-Income Housing Tax Credit Workshops.

The Wisconsin Housing and Economic Development Authority (WHEDA) will host four tax credit workshops that will cover the basics of the program, compliance requirements and WHEDA’s monitoring procedures.

The IRS recently issued Notice 2012-18 to clarify rules relating to compliance monitoring and physical inspection requirements under the Rental Policy Working Group’s (RPWG) Physical Inspections Pilot Program. This program hopes to achieve a more coordinated effort for conducting physical inspections at properties that benefit from multiple sources of Federal funding with different inspection protocol

The Wisconsin Housing & Economic Development Authority (WHEDA) has released a summary of changes to the 2012 LIHTC cycle made by the Emerging Business Program.

The IRS issued Notice 2012-3 to provide guidance on current refunding issues for outstanding prior bond issues that qualify for tax-exempt bond financing under disaster relief bond programs including Gulf Opportunity Zone Bonds (GO Zone Bonds), qualified Midwestern disaster area bonds and Hurricane Ike disaster area bonds under the Heartland Disaster Act.

The Wisconsin Housing and Economic Development Authority (WHEDA) recently announced that it has lowered its permanent lending rate for LIHTC developments to 6.90%. The agency has indicated that competitive LIHTC applicants should use this rate, along with a 30 year amortization, in LIHTC underwriting.

The Wisconsin Housing and Economic Development Agency (WHEDA) received a notification from HUD regarding residual receipt accounts on WHEDA financed properties.

The Wisconsin Housing Economic & Development Authority (WHEDA) recently released a multifamily program notice regarding the 2012 LIHTC program cycle and emerging business/workforce development program.

U.S. Representative Bruce Braley (D-IA) last week introduced the Rebuilding Communities Act (H.R. 2901), which would extend a provision enacted in 2008 that increased the historic tax credit to 26 percent and the rehabilitation tax credit to 13 percent in Midwestern communities affected by natural disasters.

WHEDA’s six part series on processing HUD Section 8 Contract Renewals and Rent Adjustments is now available through their website here.

The Wisconsin Housing & Economic Development Authority has issued a memorandum for multifamily housing developers intending to apply for the 2012 round of low-income housing tax credits that provides some clarification on three specific aspects of the 2012 competitive funding round.

The Wisconsin Housing and Economic Development Authority (WHEDA) created a special round of 2011 LIHTC allocations specifically designated for developing affordable housing in Marinette, Wis.