MADISON – Statewide demand for housing tax credits among developers seeking to build more affordable rental housing for workers, families and seniors continues to outpace the federal and state resources available in Wisconsin.

For the 2021 tax credit award cycle, the Wisconsin Housing and Economic Development Authority (WHEDA) has received applications for 34 projects seeking $29.6 million in federal 9% housing tax credits to build 1,671 units available for low- to moderate-income renters. WHEDA also has received applications for 20 projects seeking $16.2 million in state 4% housing tax credits and $11.9 million in federal 4% housing tax credits to build 1,542 affordable units.

(Copyright © 2021 APG Media)

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