WHEDA to invest in 4 local communities

Wisconsin Housing and Economic Development Authority awards totaling $35.1 million in federal and state housing tax credits will allow the creation of 2,200 affordable housing units in Wisconsin, including projects in Madison, McFarland, Middleton, and Sun Prairie, according to a release from the organization. Thirty-three projects in 19 communities statewide represent an increase from the 2020 award total of $31.9 million. Communities with projects receiving awards are Ashland, Ashwaubenon, Eau Claire, Hayward, Kaukauna, Kenosha, Lac du Flambeau, Madison, Manitowoc, McFarland, Middleton, Milwaukee, Mosinee, Oconto, Sister Bay, Stevens Point, Sun Prairie, Two Rivers, and Wauwatosa. In exchange for tax credits, developers agree to reserve all or a portion of their housing units for low- and moderate-income households for at least 30 years.