Page 7 - 2018 Emerging Business Performance Report

2016 Housing Tax Credit Project Summary (continued) Development
Scenic View Apartments
St. Anthony’s Apartments1 Seven04 Apartments1
The Breese Apartments
The Legacy Apartments Victory
Manor, LLC1 Washington Park Townhomes Washington School Apartments Welford
Sanders Lofts1,2
2016 New Markets Tax Credit Project Summary
Development
St. Augustine Preparatory School3
Grand Totals
Tot. Emerging Business Contracts
$516,990 $2,350,876 $1,666,525 $1,800,032 $5,067,478 $5,392,284 $3,816,568 $675,827
$6,210,972
$53,853,947
Tot. Emerging Business Contracts
$3,457,600
$3,457,600
Developer
Bear Development, LLC
Heartland Housing, Inc.
Rule Enterprises, LLC
Stone House Development, Inc.
VeriGreen Development, LLC
Housing Authority of the City of Milwaukee
Wisconsin Preservation Fund
Gorman & Company, Inc.
Martin Luther King Economic Development Corp.
County
Washington
Milwaukee
Milwaukee
Dane
Milwaukee
Milwaukee
Milwaukee
Sheboygan
Milwaukee
EBP Participation Goal
25%
25%
25%
25%
25%
25%
25%
10%
25%
Avg EBP Participation: 30%
EBP Participation Achieved
32%
23%
27%
23%
54%
47%
69%
10%
57%
Workforce Development Hires
12
12
3
11
13
0
22
13
9
Total EBP Hires: 222
Developer
County
Milwaukee
EBP Participation Goal
14%
Avg EBP Participation: 10%
EBP Participation Achieved
10%
Workforce Development Hires
N/A
Total EBP Hires: 0
Avg EBP Participation: 29%
Total EBP Hires: 222
$57,311,547
(1) As of April 2018, this development was in the process of issuing final payments to subcontractors; therefore, the participation data reported for this development is not final.
(2) This development received federal housing tax credits through 4% non-competitive credits and was financed with tax-exempt bonds.
(3) This development had a 14% Emerging Business Program participation goal and a zero Workforce Development Hire requirement.
WHEDA Emerging Business Performance Report 2018 7