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Compliance Policy for Opt-Out Provision - Wisconsin Housing and

Compliance Policy for Opt-Out Provision - Wisconsin Housing and 2025

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The document outlines the Wisconsin Housing and Economic Development Authority's (WHEDA) Y15 Compliance Policy regarding the opt-out provision for properties receiving Housing Credits. It explains the extended use period mandated by the Omnibus Budget Reconciliation Act of 1989, allowing property owners to exit the program after 15 years under certain conditions. The policy details the process for owners to request a Qualified Contract to sell their property, including required documentation, calculations for determining the Qualified Contract Price, and marketing efforts by WHEDA. It emphasizes owner responsibilities in cooperating with WHEDA and maintaining compliance with affordability requirements.

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Click ‘Get Form’ to open the Compliance Policy for Opt-Out Provision in the editor.
Begin by reviewing the introductory section, which outlines the opt-out provision and its implications. Ensure you understand your eligibility based on your application history with WHEDA.
Fill out the Qualified Contract Notification Letter. Include your property name and details, ensuring all required documents are attached as specified in the instructions.
Complete the Calculation of Qualified Contract Price form. This includes filling out Worksheets A-E, which detail outstanding debts, investor equity, and other financial contributions related to your property.
Submit your completed forms through our platform. Ensure that all necessary documentation is included to avoid delays in processing by WHEDA.

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Compliance Policy for Opt-Out Provision - Wisconsin Housing and 2025

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