By: Chris Mambu Rasch, Executive Director, Building Advantage
As a developer, you have the vision for what a space could be and access to capital to make it happen, but sometimes obstacles can get in the way of your vision. Building Advantage and our partners are the answer to getting your project financed, staffed, constructed, and completed. We’ll work with local, state, and federal officials to help you win support and approval of your project, and assist with securing financing.
For unions, being a strong community partner also means being willing to financially back local projects. Several years ago, the AFL-CIO Housing Investment Trust (HIT) financed $42.4 million with union pension funds to help finance the construction of the $56.7 million Moderne project. More recently, we saw the HIT invest $104.5 million to secure Barrett Lo’s $191 million Couture project. This is in addition to the partnership from the local Building Trades United Pension Trust Fund, whose investment helped close the gap and get this project moving for the City and the region.
Building Advantage is here to be a full-service resource for developers looking to build in Southeast Wisconsin. Learn more about us and our partners on our website: buildingadvantage.org.
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