2023 Housing Tax Credit (HTC) Programs

2023 9% Federal Housing Tax Credit

• 10% Test Due Dates
• 2023 9% Federal HTC Award List
• 2023 9% Federal HTC Applicant List

Application round documents.

• 2023 Multifamily Application (updated 5/22/2022)
• Appendices
• Procorem WorkCenter Access Form
• Development Team Experience Forms
• Fee Remittance Form
• Debt Interest Methodology - Competitive Applications must use WHEDA's Tax Credit Financing rate published on WHEDA.com on the day prior to application submittal.

2023 4% State Housing Tax Credit

• 2023 4% State HTC Award List
• 2023 4% State HTC Applicant List

Application round documents

• 2023 Multifamily Application (updated 5/22/2022)
• Appendices
• Procorem WorkCenter Access Form
• Development Team Experience Forms
• Fee Remittance Form
• Debt Interest Methodology - Competitive Applications must use WHEDA's Tax Credit Financing rate published on WHEDA.com on the day prior to application submittal.

Management Agent Certification Process

2023 Certified Management Agents

The 2023 Management Agency Certification process has been completed.

Overview

Management agents that wish to become certified for the 2023 State and Federal Housing Tax Credit (HTC) processes must submit to WHEDA a 2023 Agent Certification Worksheet by Thursday, September 15, 2022. WHEDA will then evaluate each agent and send a certification or denial letter. Management agents should supply a copy of this certification letter to developers that are submitting HTC applications to be included in their submission packets.

This is an annual process that will be required each year for agents to be eligible to be listed on the current State and Federal HTC application rounds.

NOTE: This is NOT a requirement for agents currently managing tax credit projects. It is only a requirement for agents that wish to be listed on 2023 State and Federal HTC applications.

Requirements

In order for a management agent to become certified and be considered on an HTC application, they must:

1. Have at least one person who has attended at least one Tax Credit training within the past 36 months
   1. Must supply name, title, training attended, date of attendance, and description (if not on approved training list)
   2. Consultants or subcontractors do not qualify
   3. Approved trainings include Spectrum, Quadel, Housing Credit College, WHEDA, NCHM, Liz Bramlet, TheoPro, Elizabeth Moreland, Novagradac, or other approved by WHEDA
2. Have at least one similar Tax Credit (or other affordable housing) project in their current portfolio
   1. Provide to WHEDA with re-certification application a portfolio summary, including project names, addresses, funding types, and unit types

The management agent or any entity serving as the agent cannot have a project in their portfolio with any of the following: uncorrected noncompliance, untimely reporting, failure to submit information, unpaid fees, below average or unsatisfactory management reviews, or general material noncompliance. WHEDA reserves the right to gather information from other housing authorities regarding any affordable housing developments managed by the agent outside the state of Wisconsin.

The management agent listed on the application must be retained by the ownership entity for at least two (2) years after the placed in service (PIS) date unless a written request is submitted to and approved by WHEDA. If the management agent is changed without WHEDA approval during this two-year period, WHEDA reserves the right to deduct future HTC application points.

Due Date and Submission Information

Management Agent Certification forms for 2023 State and Federal HTC applications must be submitted to WHEDA no later than Thursday, September 15, 2022.

Forms can be submitted electronically to: Yolanda.Velez@wheda.com