“This program is yet another WHEDA tool our lending partners can use to help homeowners enjoy their homes and stay in them until interest rates stabilize and the purchasing market ramps up again,” said Rob Stafslien, WHEDA's Director of Single Family Housing. ...
government, nonprofits, community groups, and others to implement its low-cost financing programs. Since 1972, WHEDA has financed more than 87,300 affordable rental units, helped more than 141,800 families purchase a home, and made more than 29,280 small business and agricultural loan guarantees...
Recapture tax is paying back the federal government for the benefit of a lower interest mortgage loan, where tax-exempt mortgage bonds were used for financing. How is the tax calculated? Borrowers calculate recapture tax using IRS Form 8828. For assistance see also, IRS Publication 523 “Selling...
Rates Construction Signs Extremely Low Income Special Funding Round Supportive Housing Tax Credits Housing Tax Credits Strategic and Emerging Business Programs Multifamily Data Library Property Managers Section 8 Voucher Administration Section 811 Asset Management Reporting & Schedule Tax Credit Monitoring Forms...
For the most up to date version of QAP, visit the Allocating page. Objectives of the Qualified Allocation Plan WHEDA will execute the following objectives in a transparent and responsible manner: Core PillarsObjectives Increase supply of affordable housing ...
Loan amounts between $10,000-$50,000 (up to 125% combined loan to value) Closing costs can be financed into the loan, if allowable Up to 6 months to complete renovations/improvements *IMPORTANT*Please note that borrowers will NOT be eligible if one or more of the following applies: ...