Wisconsin Republicans seek to expand state’s low-income housing tax credit

Two Republican members of the Wisconsin Legislature are seeking to expand the scope of the state’s low-income housing tax credit (LIHTC) program while also aiming to target more than one-third of its credits to the state’s rural areas. This is according to reporting at WisBusiness.

The state-based LIHTC program, administered by the Wisconsin Housing and Economic Development Authority (WHEDA), authorizes up to $42 million per year in income tax credits. The credits go to “owners and investors that develop or rehabilitate low-to-moderate-income housing,” the reporting explained.

The new bill seeks to increase that total to $100 million, but under the condition that at least 35% of the allocated credits every year go to rural parts of the state....   ...more

Ken Notes: I wish this were being reported in a less partisan fashion context because in the surface it seems ok. Someone email us the downside in case I am missing something.