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Development Guidelines
Developer Scope of Work Requirements
Information required for developers and independent, third-party capital needs assessment providers. Appendix G of current year LIHTC.
Our policy regarding developer fees for tax-exempt bond financing and tax credit development. Appendix J of current year LIHTC.
Preservation
Preservation Task Force Report
The Governor's Housing Preservation Task Force has released a report entitled " Preserving Wisconsin's Quality Affordable Rental Housing". The report proposes streamlined regulation, a trust fund, and other steps to save affordable housing in crisis.
Purpose of Preservation
Section 8 properties serve tenants whose average annual income is approximately $9,000. Replacement of this housing would be virtually impossible in today's economic climate. Many of these developments are at a stage where the owners could consider converting the properties to market rate housing. This would displace most of the low-income residents. WHEDA wants to provide loans for these developments to preserve and extend the affordability and viability of these properties.
We offer owners and prospective buyers of Section 8 properties the knowledge and experience gained by financing and servicing over 20,000 affordable rental units in Wisconsin. Contact a Commercial Lending Officer (CLO) for more information on Preservation of Affordable Housing.
Information required for independent, third-party market study providers. Please read the document carefully to ensure your market study complies. Appendix A of current year LIHTC.
WHEDA's list of approved independent, third-party market study providers. Complete the Market Study Solicitation of Interest Form for applying to become an approved provider.
Capital Needs Assessment Policy & Standards
Capital Needs Assessment Providers
A list of approved independent, third-party capital needs assessment providers.
Insurance Specifications
- Developments currently under construction
- Coverage requirements for developments financed by WHEDA during construction.
- Completed developments
- Coverage requirements for developments that are complete.
Required for all developments using WHEDA financing.
WHEDA's environmental report requirements.
Required for all developments using WHEDA financing.
Assisted Living Underwriting Guidelines
In order to address risk associated with assisted living developments, WHEDA has developed loan underwriting guidelines that may be more stringent than standard loan terms associated with specific funding sources/term sheets.
Income and Rent Limits
Income and Rent Limits including Standard MTSP, HERA Special and Average Income can be found in the MultiFamily Data Library.