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Legacy Redevelopment Corporation
2102 West Fond du Lac AvenueMilwaukee WI, 53206-0000
CDFI Awards for Legacy Redevelopment Corporation
FA (2008) - $725,472
Legacy Redevelopment Corporation (LRC) is a community partner with Legacy Bank, a Milwaukee majority-woman and minority-owned financial institution LTC began financing activities in 2003 and offers four loan products including model home loans, predevelopment financing, gap financing, and rehab/acquisition financing for community facilities It will use its FY 2008 Financial Assistance award of $700,000 to expand the volume of its model home and predevelopment loan products in its target market It will use its FY 2008 Technical Assistance grant of $25,472 to outsource the administration of its human resources functions, including recruitment of two additional staff positions LRC will also use its Technical Assistance grant to purchase computers, software and software training for the two additional positions.
FA (2007) - $317,533
Legacy Redevelopment Corporation (LRC) is a community partner with Legacy Bank, a Milwaukee majority woman and minority-owned financial institution. LRC offers four loans products including model home loans, predevelopment financing, gap financing, and rehab/acquisition financing for community facilities. It will use its FY07 FA award expand the volume of its model home and predevelopment loan products in its target market. It will use its TA award to build staff skills, implement a comprehensive marketing plan, provide homebuyer education, improve underwriting, and purchase equipment for its lending and marketing programs.
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