AB906,20,7 (5) Allocation limits. In any calendar year, the aggregate amount of all state tax credits for which the authority certifies persons in allocation certificates issued under sub. (3) in that year may not exceed $42,000,000, including all amounts each person is eligible to claim for each year of the credit period, plus the total amount of all unallocated state tax credits from previous calendar years and plus the total amount of all previously allocated state tax credits that have been revoked or cancelled or otherwise recovered by the authority.

AB906,20,10 (6) Preference for smaller municipalities. In issuing allocation certificates under sub. (3), the authority shall give preference to qualified housing developments located in a city, village, or town with a population of fewer than 150,000.

AB906,20,12 (7) Report. No later than December 31 of each year, the authority shall submit a report to the legislature under s. 13.172 (2) that includes all of the following:

AB906,20,18 (a) A description of each qualified housing development for which the authority issued an allocation certificate that year, including the development's geographic location, the household type and any specific demographic information available concerning the residents intended to be served by the development, the income levels of residents intended to be served by the development, and the rents or set-asides authorized for the development.

AB906,20,23 (b) An analysis of housing market and demographic information that shows how the qualified housing developments for which the authority has issued allocation certificates at any time are addressing the need for affordable housing within the communities the developments are intended to serve and an analysis of remaining disparities in the affordability of housing within those communities.

AB906,21,3 (8) Policies and procedures. The authority, in consultation with the department of revenue, shall establish policies and procedures to administer this section.

AB906,21,4 (End)