Urban Revitalization & Brownfield Redevelopment Fund

Madison WI


The Urban Revitalization and Brownfield Redevelopment Fund will invest in distressed urban communities in Wisconsin to facilitate the redevelopment of brownfields, including urban infill, new construction, and the adaptive reuse of obsolete buildings consistent with a smart growth model of urban renewal. The NMTC allocation will allow the Urban Revitalization and Brownfield Redevelopment Fund to offer senior debt with lower than market interest rates, subordinate debt providing higher overall loan to value ratios, and equity. The NMTC allocation will be deployed to reduce the cost of capital and to increase the availability of capital to projects that are not likely to be financed with conventional sources of capital.

CDFI Awards for Urban Revitalization & Brownfield Redevelopment Fund


NMTC (2009) - $15,000,000

The Urban Revitalization and Brownfield Redevelopment Fund will invest in distressed urban communities in Wisconsin to facilitate the redevelopment of brownfields, including urban infill, new construction, and the adaptive reuse of obsolete buildings consistent with a smart growth model of urban renewal. The NMTC allocation will allow the Urban Revitalization and Brownfield Redevelopment Fund to offer senior debt with lower than market interest rates, subordinate debt providing higher overall loan to value ratios, and equity. The NMTC allocation will be deployed to reduce the cost of capital and to increase the availability of capital to projects that are not likely to be financed with conventional sources of capital.



Other Community Development Financial Institutions in Wisconsin

Ways to Work
Milwaukee





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