Bipartisan bill seeks to expand housing tax credits in rural Wisconsin

State`s low-income housing tax credit program may double under separate budget proposal

A new bipartisan bill aims to incentivize housing developments in rural Wisconsin.

It’s one of a pair of new bills aiming to address the state’s housing shortage. The other would raise lending limits for low-interest loan programs launched in a bipartisan push last year.

The tax credit bill directs the Wisconsin Housing and Economic Development Authority, or WHEDA, to give 35 percent of its annual credits to developments in rural areas and loosens financing restrictions for projects receiving credits...

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Local legislators co-sponsoring bipartisan bill seeking to expand housing tax credits in rural Wisconsin

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Ken Notes: What we need is a fund that allows communities to buy and provide infrastructure to new development and infill, then make the land available to developers deferring holding costs until the property sells. Communities would then either buy more land or repay the state. The community could plan for density, affordability, neighborhood design, mixed use, amenities... If you are wondering if this would work, industrial parks were built this way.