Central Wisconsin Community Action Council (CWCAC)
Forward Community Investments loaned CWCAC $375,000 for the purchase and renovation of a building in Beaver Dam. The project allowed CWAC to increase their services, add affordable housing and expand their food pantry.
Loan Amount: $300,000 for purchase of building + $75,000 for renovations = $375,000 Total Loan
CWCAC provides housing, employment and homeless services 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.
The facility in Beaver Dam responds to an increasing need from people living below the poverty line in Wisconsin. Its location in Dodge County solidifies CWCAC's presence in the community and increases accessibility to program services for people of modest means. The two-story building offers a variety of assistance for people in Dodge County including:
• Consolidation of several local food pantries into a single larger site
• Six affordable apartments for low-income families
• Space for homeless prevention programs that serve nearly 100 families annually
• Co-location with United Migrant Opportunity
The loan to CWCAC was an investment that helped CWCAC grow its capacity to respond to the increasing needs of low-wealth individuals in rural Wisconsin.
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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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"I think Forward Community Investments is truly a partner because a partner picks up where you leave off. It was fairly straightforward.”
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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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"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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"With affordable financing and a progressive mission that aligns with ours, Forward Community Investments has been a great fit.”
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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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"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.”
