Page 6 - WHEDAebPERFreport2015

EMERGING BUSINESS PROGRAM (EBP) PARTICIPATION
Performance by development for the 2013 WHEDA Tax Credit Cycle For the period ending December 31, 2015
WHEDA measures emerging business participation during a two year construction cycle. LIHTCs and NMTCs awarded to WHEDA developer partners in 2013 have until December 31, 2015, to complete construction of a development receiving tax credits. The emerging business participation performance numbers presented in this report are for WHEDA’s 2013 tax credit awards for developments that completed construction by December 31, 2015.
2013 LIHTC Project Summary1 Development
Truax Park Development, Phase 2
Washington Park Homeowners Initiative
The Globe Apartments
Paper Box Lofts
Nicolet Townhomes
Ingram Place Apartments2
Appleton Heights Townhomes2
Glendale Heights Townhomes2
700 Lofts2 Fox Crossing
Apartments
Eagle Harbor Apartments
Jefferson Street Apartments
Tot. Emerging Business Contracts
$1,978,429
3,184,678
1,700,401
4,959,235
886,476
1,045,498
273,285
130,621 1,526,370
793,932 37,120 375,005
Developer
County
EBP Participation Goal
EBP Participation Achieved
Workforce Development Hires
CDA of the City of Madison
Dane
25%
30%
12
Gorman & Company, Inc.
Milwaukee
25%
48%
31
Movin’ Out, Inc.
Jefferson
25%
26%
13
Sherman Associates Development LLC
Milwaukee
25%
43%
13
Keystone Development, LLC
Brown
15%
15%
5
Institutional Housing, Inc.
Milwaukee
25%
24%
14
Vangard Group
Milwaukee
25%
13%
0
Vangard Group
Milwaukee
25%
8%
0
Bear Development
Milwaukee
25%
32%
13
Bear Development
Milwaukee
25%
25%
12
Care Net Pregnancy Center of Dane County
Dane
25%
1%
0
Commonwealth Development Corporation
Fond du Lac
10%
15%
4
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EMERGING BUSINESS