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Wisconsin Gov. Walker Signs State LIHTC into Law

Thursday, May 17, 2018 - 2:15PM

Wisconsin Gov. Scott Walker signed a bill (Act 176) enacting a new state low-income housing tax credit (LIHTC) program, which will be administered by the Wisconsin Housing and Economic Development Authority. The Wisconsin LIHTC largely mirrors the federal program and can be matched with the federal 4 percent LIHTC. Act 176 provides $42 million in program allocation at $7 million per year for six years and gives a preference to qualified developments in municipalities with populations less than 150,000. There is no program sunset date.

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