WHEDA advances several local projects for affordable housing tax credits

Seventeen apartment projects in southeast Wisconsin totaling 1,205 affordable apartment units are one step closer to receiving crucial affordable housing tax credits after receiving preliminary approvals. The Wisconsin Housing and Economic Development Authority (WHEDA) granted preliminary conceptual approval to 53 housing projects statewide, which allows developers to pursue federal and state affordable housing tax credits that...   ...more

Leo`s notes: Across our state, developers that pursue and receive federal and state tax credits often make the difference between a project moving forward or stalling. Although not the only solution, WHEDA’s pipeline signals both the scale of need and the importance of tax credit equity as the primary engine driving affordable housing production across the region.