KAUKAUNA, WI (WTAQ-WLUK) — A number of tax credit grants will help local affordable housing efforts.
The $35.1 million federal and state housing tax credits from WHEDA will support 33 housing projects in 19 communities statewide.
“Wisconsin’s successful tax credit programs continue to advance equitable access to affordable housing and economic opportunity for the people of our state – supporting our workforce, our families and the well-being of our communities,” said Gov. Tony Evers. “These tax credits drive economic vitality, leverage private capital, strengthen the local employment base and provide housing security for our most vulnerable residents. As we’ve seen, demand for these highly competitive housing tax credits continues to outstrip supply. That’s why my 2021-23 state budget proposal seeks to increase the available state credits to $10 million per year from the current $7 million.”
Projects in Northeast Wisconsin include, family and elderly housing in Kaukauna, Sister Bay, Fond du Lac, Manitowoc, Oconto and Two Rivers.
This year’s state and federal housing tax credit awards include a total of $14.7 million in federal 9% housing tax credits to fund 17 projects with 866 low- and moderate-income housing units. A total of $7.1 million in state 4% housing tax credits will fund 16 projects with 1,334 low- and moderate-income housing units.
