Central Wisconsin Community Action Council (CWAC)
FCI provided $278,000 in loan refinancing that allowed CWCAC to make improvements and renovate affordable housing in Wyocena, WI. This project improved the living conditions of residents and ensured the availability of a low-cost living option in this rural community with a population of 768 residents (2010 US Census data).
“Financing from Forward Community Investments allows us to make a greater impact on low-income and no-income families in Wisconsin.” – Fred Hebert, Central Wisconsin Community Action Council
CWCAC provides housing, employment and homeless aid to people in Adams, Columbia, Juneau, Sauk, Dodge and Waushara Counties. Each year they serve more than 300 households, including almost 500 adults and 360 children.
Wyona Lake Apartments is a 16-unit, single story building built in 1979. Financing allowed CWCAC to take ownership of the building and make a myriad of needed renovations for its community of low- to moderate-income residents. The renovations improved the standard of living for residents and included:
- New roofing and insulation to lower heating costs during winter months
- Upgraded mechanicals to increase operating efficiency
- Updated appliances in each apartment
- Replacement furniture in the community room that created a comfortable look and feel for residents
As the only affordable housing option in Wyocena, the project was an opportunity to make a long-term commitment to disadvantaged individuals in the community and raise standards for affordable housing in rural Wisconsin.
Learn more about Central Wisconsin Community Action Council (CWAC)
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Quotes
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“Financing from Forward Community Investments allows us to make a greater impact on low-income and no-income families in Wisconsin.”
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"With affordable financing and a progressive mission that aligns with ours, Forward Community Investments has been a great fit.”
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"The predevelopment loan from Forward Community Investments made affordable development possible in times when capital is difficult to find."
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In addition to providing us with a $60,000 loan for predevelopment expenses, Forward Community Investments facilitated the transfer of more than $5 million in New Market Tax Credits to this project. This access to capital meant that we were able to reach our goal earlier than expected – saving us valuable time and money.”
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“FCI finds ways to finance projects that no others can. I truly believe you are all unique and outstanding.”
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"Without Forward Community Investments and a willingness to provide non-traditional financing, we would not be able to provide these programs.”
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"The workshop definitely helped to increase our awareness of capacity building, and the online self-assessment tool that was presented will be a great asset in making our program more effective.”
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"I think Forward Community Investments is truly a partner because a partner picks up where you leave off. It was fairly straightforward.”



