Last week, the Federal Home Loan Bank of Chicago (FHLBank Chicago), in partnership with Brookfield-based Spring Bank, presented Community First Developer Program awards to two Milwaukee developers, one being the nonprofit civic developer, Milwaukee Development Corporation (MDC).
“At Spring Bank, our partnership with FHLBank Chicago helps us respond to local needs with consistency and focus,” said Heather Nelson, President and CEO of Spring Bank. “The Developer Program allows us to invest in emerging leaders while supporting projects that will benefit Milwaukee neighborhoods for years to come.”
MDC received a $250,000 grant through Spring Bank that will support four development fellows looking to gain meaningful real estate development experience.
“This funding expands our capacity while mentoring the next generation of developers through active projects,” said Pat O’Brien of MDC. “Hands-on experience in real projects builds the skills needed to strengthen Milwaukee neighborhoods over time.”
Founded in 1973, MDC has worked for over 50 years to transform Milwaukee’s landscape through catalytic real estate projects that foster a vibrant, inclusive, growing and sustainable community. Funding received through the Community First Developer Program award enables MDC to continue advancing community-centered real estate projects while providing young developers with the resources and experience to make positive changes in the community for years to come.
