February 06, 2013

WHEDA housing tax credit applications total $32.8M

Developers applied for $32.8 million in housing tax credits from the state this year to support 59 projects with a combined 2,785 units.

As in recent years, the demand for the credits has exceeded the amount of available federal tax credits, estimated to be $12.5 million this year. The Wisconsin Housing and Economic Development Authority administers the program and is to announce the awards of the credits April 15.

Applications for projects in southeast Wisconsin totaled $15.2 million, with projectsâ;€¦;

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