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Bill to Expand, Enhance Wisconsin State LIHTC Dies in Legislature

Wednesday, April 17, 2024 - 9:56AM

Legislation introduced last year to increase the annual cap for the state low-income housing tax credit in Wisconsin failed to advance in this year’s legislative session. S.B. 40 would have increased the cap to $100 million, created a set-aside of 35% of the total allocation for rural areas when possible and allowed the state credit to go to properties that receive the 9% federal credit. Wisconsin’s LIHTC has a $40 million annual cap and is available only to properties that receive 4% federal LIHTCs.

The role of state LIHTCs will be a topic at the Novogradac 2024 Affordable Housing Conference, May 2-3 in San Francisco.

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