CARW members were on hand as Wisconsin leaders signed Assembly Bill 375 into law—marking an important step forward for redevelopment, housing, and investment across the state.
The legislation modernizes Wisconsin’s Historic Rehabilitation Tax Credit program, making it more accessible and easier to use—especially for smaller and more complex projects. By removing barriers tied to federal requirements, the update allows more properties to qualify and helps more deals move from concept to reality.
For commercial real estate professionals, this is a meaningful shift.
Historic buildings are often at the center of our downtowns and neighborhoods—but they can be some of the hardest projects to finance. This change creates more flexibility, helping unlock redevelopment opportunities that support housing, activate underutilized properties, and strengthen local tax bases.
What this means in practice:
- Expands eligibility for historic tax credits—especially for smaller-scale projects
- Removes federal hurdles that have limited participation
- Helps more redevelopment deals “pencil”
- Supports adaptive reuse, including housing and mixed-use projects
- Creates new momentum for downtowns and Main Street corridors across Wisconsin
Just as importantly, the bill reflects something we see across Wisconsin: when process works and policy aligns with how projects actually come together, communities benefit.
CARW members were proud to be part of the conversation leading up to this moment—and to be present as it became law. We look forward to seeing the impact this will have in communities across the state.
Explanation of Changes HERE
Full Bill text HERE