Northeast Wisconsin projects awarded WHEDA tax credits for 227 affordable housing units

(WLUK) -- Five affordable housing projects in Northeast Wisconsin are getting tax credits from the state.

The Wisconsin Housing and Economic Development Authority (WHEDA) announced Wednesday multifamily housing developers statewide will receive $47.8 million in competitive Housing Tax Credits (HTC), projected to create housing for approximately 5,000 Wisconsinites.

In total, 35 developments in 15 counties will provide or preserve 2,128 new affordable housing units in 26 communities statewide that are struggling to provide housing for working families.

"Ensuring all our neighbors have access to reliable, affordable housing is essential for the health of our families, communities and our economy,” said Gov. Tony Evers in a news release...

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Leo's notes: The latest WHEDA awards highlight how housing tax credits remain one of Wisconsin’s most effective tools for producing affordable housing at scale. The geographic diversity of this year’s NE Wisconsin projects also reflects a growing reality: housing shortages are no longer limited to major metropolitan areas. Communities of all sizes are increasingly competing for workforce talent, making affordable housing production an economic development strategy as much as a housing policy initiative.