History of GLCF in the State of Wisconsin

GLCF extended its services to Wisconsin in 2005. Prior to this time, the state did not have a state based equity fund to work in close conjunction with the existing development community and industry professionals, such as lawyers, accountants, architects, and the state tax credit allocating agency, WHEDA. Through participating in the early phases of project planning and design, GLCF's local presence has added value to the development process, proving to be a great resource. GLCF initially partnered with Wisconsin Partnership for Housing Development, a not-for-profit advocate of affordable housing and consultant/developer, and continues to support the Wisconsin Partnership with a grant to support their outreach.

Wisconsin has a strong preference to preserve currently affordable properties and GLCF's expertise in financing and structuring preservation transactions has provided an excellent framework for success. Currently, WHEDA allocates 40% of its LIHTC to the preservation of existing affordable projects. Additionally, GLCF has invested in a number of projects that were financed under Wisconsin's rural set-aside. The rural set-aside is 10% of the LIHTC and these projects are required to be new construction and under 24 units.

GLCF extended its services to Wisconsin in 2005. Prior to this time, the state did not have a state based equity fund to work in close conjunction with the existing development community and industry professionals, such as lawyers, accountants, architects, and the state tax credit allocating agency, WHEDA. Through participating in the early phases of project planning and design, GLCF's local presence has added value to the development process, proving to be a great resource. GLCF initially partnered with Wisconsin Partnership for Housing Development, a not-for-profit advocate of affordable housing and consultant/developer, and continues to support the Wisconsin Partnership with a grant to support their outreach.

Wisconsin has a strong preference to preserve currently affordable properties and GLCF's expertise in financing and structuring preservation transactions has provided an excellent framework for success. Currently, WHEDA allocates 40% of its LIHTC to the preservation of existing affordable projects. Additionally, GLCF has invested in a number of projects that were financed under Wisconsin's rural set-aside. The rural set aside is 10% of the LIHTC and these projects are required to be new construction and under 24 units.