The Wisconsin Housing and Economic Development Authority announced Wednesday that multifamily housing developers statewide will receive $47.8 million in competitive Housing Tax Credits.
The developments are projected to create housing for approximately 5,000 Wisconsinites via 35 developments in 15 counties. The developments will provide or preserve 2,128 affordable housing units.
“Housing Tax Credits are a critical resource for developers to overcome rising construction costs and inflation,” WHEDA CEO and Executive Director Elmer Moore Jr. said in a statement. “This public-private partnership is how we help communities across the state reach their potential.”
Of the total projects receiving tax credits, 28 projects are new construction, with 24 designed for families and the rest for seniors.
Gov. Tony Evers’ administration has supported building more than 33,500 housing units statewide since 2019.
