2025 Housing Tax Credit (HTC) Programs

Qualified Allocation Plan

• 2025-2026 Qualified Allocation Plan
• Summary of major changes 
• Appendices
• Frequently Asked Questions

Housing Tax Credit Application Materials

• Procorem WorkCenter Request Form
• 2025 Multifamily Application (Updated 11/22/2024)
• MFA Version Update Guide (Updated 11/22/2024)
• Development Team Experience forms
• Fee Remittance form
• Project Concept Process Guidance Memo

Management Agent Certification Process

Second round of the 2025 Management Agent Certification process begins February 25, 2025 with applications due March 21, 2025. This certification is for 2025 HTC noncompetitive 4% HTC Credit and WHEDA Finance and does not include HTC competitive 9% and 4% Credit. New HTC competitive 9% and 4% certifications are not available until Fall 2025. HTC 9% certifications from Fall 2024 automatically apply to all WHEDA products and agents are not required to submit a new application for this round.

2025 List of Approved Agents

Overview

Management agents that wish to become certified to be listed on 2025 noncompetitive 4% Housing Tax Credit (HTC) or WHEDA Financed applications must submit to WHEDA a 2025 Agent Certification Worksheet Application by Friday, March 21, 2025. (HTC 9% Agent Certification applications were due Friday, September 20, 2024.) WHEDA will then evaluate each agent and send a certification or denial letter. The management agent will be listed on our website as an approved agent, unless indicated otherwise in the application, and on our internal list of approved management agents. Optionally, management agents may provide a copy of the certification letter to any developers/owners that will be using their management services on their application(s).

This is an annual process that will be required each year for agents who would like to be eligible to be listed on any applications for Housing Tax Credits or WHEDA Financed products in Wisconsin.

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 2025 applications.

Requirements

For a management agent to become certified and be considered on an HTC or loan 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. A portfolio summary, including project names, addresses, funding types, and unit types must be included in the application.

2. If the agent has fewer than 10 affordable properties (Tax Credit/WHEDA) and/or they have not managed for 8 or more years in Wisconsin, but manages properties in other states, an Authorization to Release Compliance Status Form must be submitted to each agency for which the management agent manages properties. These forms are due 15 days following the due date for the Agent Certification Application and it is the Management Agent's responsibility to ensure this form is submitted to WHEDA before the deadline.

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, including regulatory and physical inspection, foreclosures, 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 until at least the end of the 2nd year following the Placed-in-Service-Date of the last building in the project. Substitutions must be approved in advance on a case-by-case basis, and only for extraordinary circumstances. Any substitutions must be to an agent on the current approved agent list for the applicable product. If the management agent is changed without WHEDA approval during this two-year period, WHEDA reserves the right to deduct future HTC application points.

Certification Expiration

Certifications are good through October 31, 2025. Certifications for HTC 9% made in September are good for all products. Certifications for HTC 4% and WHEDA financed do not qualify for HTC 9%.

Due Date and Submission Information

Management Agent Certification forms for 2025 4% noncompetitive Housing Tax Credit and WHEDA Financed Applications must be submitted to WHEDA no later than Friday, March 21, 2025.

Forms can be submitted electronically to: wheda.am@wheda.com. Subject line to include “Management Agent Certification”.