Gov. Evers, WHEDA Announce New Allocation Plan for Housing Tax Credit, Continue Efforts to Expand Access to Safe, Reliable, Affordable Housing
MADISON — Gov. Tony Evers, together with the Wisconsin Housing and Economic Development Authority (WHEDA), today announced the final 2027-28 Qualified Allocation Plan (QAP). The QAP is the plan for administering tax credits that finance low- to moderate-income housing and establishes parameters and priorities for awarding the coming years’ Housing Tax Credits, including Federal nine percent, and State/Federal four percent credits. This announcement builds on longstanding efforts of the Evers Administration to expand access to safe, reliable, and affordable housing. Since 2019, the Evers Administration has supported building more than 33,500 housing units to address the needs of Wisconsin’s workforce, seniors, and families statewide.
“Ensuring all our neighbors have access to reliable, affordable housing is essential for the health and prosperity of our families, communities, and our economy,” said Gov. Evers. “The 2027-28 QAP reflects our evolving understanding of Wisconsin’s dynamic housing, demographic, and development climate to ensure every Wisconsinite has the affordable housing they need and deserve. I’m proud of our continued efforts with WHEDA to continue addressing our communities’ housing challenges and expand access to quality, affordable housing across our state.”
During the 2025-26 QAP period, WHEDA awarded $84.4 million in federal and state tax credits to create 3,859 affordable housing units. The awards support projects in 40 communities statewide following a highly competitive process.
“Creating the QAP requires collaboration with multiple stakeholders in the housing ecosystem,” said WHEDA CEO and Executive Director Elmer Moore Jr. “Housing Tax Credits are a critical resource for developers to overcome rising construction costs and inflation. Public-private partnership is how we help communities across the state reach their potential.”
Key changes in the new plan include:
- Increasing tax credit award limits to improve the viability of transactions in response to credit pricing and soft funding source constraints in today’s market;
- Redefining set-aside categories, introducing county caps on awards, and modifying underwriting parameters to promote distribution of resources across the state; and
- Updating design and scoring criteria to drive toward upfront cost efficiency and long-term financial viability, to better reflect current Wisconsin housing needs, and to incentivize deal readiness and efficient use of tax credits
WHEDA is Wisconsin’s sole administrator of the Federal and State Housing Tax Credits that are often paired with competitive loans, such as the Vacancy-to-Vitality, Infrastructure Access, and Restore Main Street programs. These were created through bipartisan legislation signed by Gov. Evers and supported by $525 million—the largest state investment in workforce housing in state history—provided by the 2023-25 Biennial Budget signed into law by Gov. Evers. Since 1986, WHEDA has awarded more than $644 million in Housing Tax Credits, resulting in the development and rehabilitation of more than 61,000 units of rental housing for low- to moderate-income families, seniors, and vulnerable community members.
The state and federal programs provide tax incentives through the Internal Revenue Code and the Wisconsin tax code to encourage the creation of affordable housing. In exchange for the tax credits, developers agree to reserve housing units for low- and moderate-income households.
More information about the 2027-28 QAP is available on WHEDA’s website.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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