New Market Tax Credits

Waveland works with developers of commercial real estate in low and moderate income areas of the United States as both advisor and principal. In 2004, Waveland formed a partnership with Legacy Bancorp, Inc., Legacy Waveland Advisors, that provides New Market Tax Credit investment advisory services to the Wisconsin Community Development Legacy Fund (“WCDLF”). WCDLF is a joint venture between Legacy Bancorp, and the Wisconsin Housing and Economic Development Authority (www.wheda.com). WCDLF has been awarded $320 million of New Market Tax Credits in 3 separate allocations by the U.S. Treasury Department CDFI Fund.

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Legacy Waveland Advisors, LLC

Formed in 2004, Legacy Waveland Advisors provides investment advisory services to the Wisconsin Community Development Legacy Fund, one of the largest allocates of New Market Tax Credits in the United States. The Wisconsin Community Development Fund is a Community Development Entity that has a mission of serving the most distressed areas within the State of Wisconsin.

318 N. Water

Historic Rehab of the Alfred Uihlein Building which was constructed in 1908. This 43,000 square foot building is home to a variety of marketing and communication based businesses that employ over 140 high wage earning individuals.

Summit Place

Redevelopment of an industrial parcel vacated by Allis Chalmers into over 600,000 square feet of Class A commercial office space. Blue Cross and Blue Shield of Wisconsin is a major tenant and provides a catalytic employer presence in this historically highly industrial neighborhood.

Milwaukee Health Services

Acquisition of a 31,000 square foot health care facility that serves a mostly African-American population. Formed in 1989, this expansion will allow the extension of primary care services to low-income community residents in the City of Milwaukee. Milwaukee Health Services, Inc. has a long term-commitment to promoting a higher quality of life in the communities it serves.

Palermo Villa

New construction of a state of the art food manufacturing facility and headquarters for Palermo Villa, Inc., a privately held manufacturer and marketer of frozen pizza products. This 150,000 square foot facility will be situated on 12 acres in Milwaukee’s Menomonee Valley and be home to approximately 270 employees.

Ponderosa

First African American woman owned Ponderosa Steakhouse franchise in the United States. This 6,500 square foot central city restaurant represents a new-urban prototype for Ponderosa with a menu that includes Southern-style entrees as well as unique take-out and catering capabilities.

Lena's Food Market

Redevelopment of a 33,000 square foot grocery store in one of Milwaukee’s most economically distressed neighborhoods. This minority owned business has created employment opportunity for over 150 people, while providing a much needed service in a neighborhood that is undergoing economic revitalization

IHOP

Permanent financing for a 47,000 square foot IHOP restaurant in Milwaukee’s central city. First of several planned franchises for a successful African-American entrepreneur.

Pick' n Save

Development of an abandoned 41 acre industrial site in the City of West Milwaukee. The project consists of significant site demolition and environmental remediation which will be followed by the construction of a 59,000 square foot Pick ‘n Save grocery store for Roundy’s Supermarkets, Inc.

Proven Direct

Construction and permanent financing for 144,000 square foot manufacturing and distribution center for Proven Direct, a direct marketing and fulfillment company.

Iron Horse Hotel

Construction and permanent financing for 102 room boutique hotel located in Milwaukee’s Menomonee Valley. Developed to serve the recently constructed Harley Davidson Museum.

Aloft Hotel

Construction and permanent financing for the 160 room Milwaukee Aloft Hotel. This is the first major development in Milwaukee’s Park East sector, a highly distressed economic and environmentally challenged location.

The Brewery

The Brewery is the adaptive reuse of the former Pabst Brewery complex. Once America's largest brewery. The Brewery represents one of the most significant historic preservation and environmentally sensitive redevelopment opportunities currently underway in urban America.

Waveland Community Development, LLC

Waveland Community Development, LLC (“WCD”) is a Community Development Entity with a national service area that was granted an $85 million New Market Tax Credit allocation in 2007. WCD has committed to serve the most economically distressed communities of the United States. This commitment is evidenced by our Advisory Board, participants that have worked in these communities the majority, if not the entirety of their professional lives. Our Advisory Board includes:

Jeannine Jacokes, Executive Director of the Partnership for the Common Good, Inc. (“PCG”). PCG supports innovative organizations nationwide that have the potential to create economic opportunity for low income communities.

Charles Tansey, Senior Advisor to the CEO of NeighborWorks America. Neighborhood Works is a non-profit organization created by Congress to provide financial support, technical assistance, and training for community based revitalization efforts.

Greg Stanton, Founder and Director of Wall Street Without Walls (”WSWW”). WSWW provides expertise in narrowing the gap between socially responsible investors, and economically distressed communities.

Peter Chapman, Special Assistant for Economic Development to the Mayor of Denver, Colorado. Peter is responsible for all economic development activities for the City of Denver.

Anita Archie, Executive Director, Montgomery Riverfront Foundation (“MRF”), Montgomery, Alabama. Anita is responsible for overseeing the development of catalytic projects in the City of Montgomery. Prior to her association with the MRF, Anita served as the Director of Business Development, for the Alabama Development Office.

Jacob Leon, is a partner is the Houston, Texas CPA firm Fox and Rodriguez. Born in Guanabacoa, Havana, Cuba, Jacob has worked with real estate developers and syndicators of tax credits nationwide during his 25 year career.

East Texas Physicians

Construction and permanent financing for a 37,100 square foot medical clinic and office building . The clinic includes imaging services, a lab, physical therapy clinic, outpatient cardiac care assessment, and an extended urgent care center in a medically underserved area in Palestine,Texas.

Aloft Hotel

Good News Bay Seafood

Construction and permanent financing for a seafood processing plant located in Platinum, Alaska. This multi-acre complex includes 37,800 square feet of buildings that include a seafood processing plant, a maintenance building, a camp and dining facility for 130 people, and a tank farm.