Strategic Business Program 

The WHEDA Strategic Business Program (formerly known as the Emerging Business Program) encourages contracting with economically disadvantaged businesses and union contractors. Participation is encouraged with an award of housing tax credits beginning with the 2025 award cycle. 

The Strategic Businesses dollar goals will be established by county and will be based on percentages of allowable construction cost to include (not an all-inclusive list): general contracting, grading, excavation, concrete, paving, framing, electrical, carpentry, roofing, masonry, plumbing, painting, asbestos removal, trucking, and landscaping and the following soft costs: planning, architectural, and engineering fees. 

Developers of tax credit developments who meet the Strategic Business participation goals are eligible to receive a refund of one-third (33%) of their Reservation fee. Developers must report their results to WHEDA in conjunction with their 8609 documentation.  

Specific program parameters, participation goals, program manual, and forms will be available fall 2024.