Wisconsin Brownfield and Economic Development Fund (WBEDF) will provide debt and equity investments in the urban communities of Wisconsin to facilitate the redevelopment of brownfields, including urban infill new construction and the adaptive reuse of obsolete buildings. The NMTC allocation will enable WBEDF to offer senior debt at interest rates that are 400 basis points below market, and subordinated debt or equity investments with a return of capital of less than one percent. WBEDF will focus its efforts on large-scale, high-risk projects that would not otherwise be viable through state brownfield grants, CDBG and other local resources alone.