Waveland Community Development (“WCD”) will provide equity and debt capital for businesses and real estate projects that demonstrate a capacity for catalytic change in economically distressed communities. The NMTC allocation will allow WCD to structure deals that make capital available at rates significantly below market, no origination fees, substantial interest-only payment periods (seven years), loan amortizations that are much longer than standard (up to 40 years), and higher-than-standard loan/value ratios (up to 100%). In addition, Waveland will commit to donating 50% of the residuals generated from its NMTC allocation to CDFI entities that support women and minority owned businesses.