One of America's leading nonprofit community development financial institutions, IFF strengthens nonprofits and their communities through lending and real estate consulting. We serve nonprofits in Illinois, Indiana, Iowa, Missouri, and Wisconsin, with a focus on those that serve low-income communities and special needs populations. IFF is the largest nonprofit community development financial institution (CDFI) in the Midwest with total assets of $225. Since 1988, IFF has closed more than 900 loans representing project costs totaling $1 billion.
Responding to the Needs of Nonprofits Across Wisconsin
As a nonprofit committed to community development in Wisconsin, IFF supports organizations across the state by providing financial and real estate solutions to their facility needs. We have been a trusted partner to nonprofits in every sector, including health care, education, and affordable housing. IFF has provided more than $35 million in financing to nonprofits across the state to address the demand for capital—through our lending and real estate consulting services, we have helped more than 50 local nonprofits grow and successfully complete their capital projects.
Today, Wisconsin Director of Lending Lanie Wasserman continues to bring IFF’s affordable, flexible lending to nonprofits across the state, including child care centers, community development facilities, affordable housing developments, health care clinics, and schools. IFF provides loans up to $1.5 million for real estate acquisition, renovation and construction. Loans as small as $10,000 are available to purchase equipment or vehicles, complete facility repairs, undertake maintenance, or for energy efficiency upgrades.
IFF also provides real estate consulting services to a broad range of nonprofits in Southeast Wisconsin. IFF’s Director of Real Estate Services, Wisconsin Heather Heaviland works with each nonprofit client to determine IFF’s scope of consulting services. Clients choose from a comprehensive menu of fully integrated real estate services based on a proposal tailored to specific needs.
Please click here to browse an interactive map of our loans and real estate projects in Milwaukee. A few highlights include:
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Fox Cities Community Health Center, Menasha, Wisconsin
In an effort to meet the dental care needs for a growing number of low income Fox Cities residents, the clinic set out to add a new dental clinic. IFF loaned FCCHC $748,000 to build out a state of the art facility and purchase dental equipment for eleven operatories. FCCHC anticipates that the clinic will increase patient visits by 10,000 visits in the first year and create 20 new jobs for the community.
“We were very fortunate to be introduced to the IFF team. IFF worked with us to understand our financial needs, our project and the positive impact it would have on the health of our community. IFF has worked with us throughout our project, helping to turn our dream of dental access, into a reality.”
—Kristene Stacker, Executive Director, Fox Cities Community Health Center |
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Seeds of Health, Veritas High School, Milwaukee
IFF has loaned $1.25 million to expand Veritas High School, part of the Seeds of Health charter school network, and provided real estate consulting services to help the agency locate, evaluate, and secure new homes for the middle and virtual schools. The 6,600 square-foot Veritas addition will allow 70 more students to join the top-ranked school. The new middle school space will accommodate 160 more students and the virtual campus will provide 300 students with an alternative to the traditional classroom setting. IFF’s financing for Veritas has been combined with funds from PAVE, a Milwaukee advocate for education. The Walton Family Foundation contributed funds to both the Veritas project and IFF’s real estate consulting services. |
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Community Advocates, Milwaukee
IFF supported Community Advocates’ growth goals with a $1 million loan when financing for a new, larger space they were purchasing came to a halt due to their bank’s loan-to-value limits. IFF’s loan was critical to filling in the gap and completing the transaction. A partnership between CA, Town Bank, and IFF led to the acquisition and build-out of a new CA headquarters that will open in 2011.
"Everyone knows that this is a very difficult lending environment especially for nonprofits taking on large capital projects. This project could not have gone forward without IFF's unique understanding of how nonprofits are financed and how we pursue our mission.”
—Joe Volk, Executive Director, Community Advocates |
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Wisconsin Borrowers
- Advocap (Fond du Lac Townhomes, LLC)
- Brewery Point Apartments, LLC
- Center for Veterans Issues (Veterans Manor, LLC)
- City on a Hill (Lisbon Terrace, LLC and
William Passavant RCAC, LLC)
- Community Advocates, Inc.
- Downtown Montessori Academy
- Fox Cities Community Health Center
- Heartland Housing, Inc.
- HOPE Christian Schools, Inc.
- Housing Resources, Inc.
- HR Academy
- Independent Living
- Jewish Family Services
- La Causa
- The Lakes Community Health Center
- Lutheran Social Services of Wisconsin
and Upper Michigan
- Milwaukee Health Services, Inc.
- Milwaukee Women's Center
- Next Act Theatre
- Northside Homeownership Initiative, LLC
- Northside Neighborhood Initiative, LLC
- Northwest Side CDC (Villard Square
Grandfamily, LLC)
- The Parenting Network
- Planning Council for Health and Human Services
- Racine/Kenosha Community Action Agency, Inc.
- Risen Savior Evangelical Lutheran Church
- River Revitalization Foundation
- Running Rebels Community Organization
- St. Catherine Residence
- Seeds of Health
- Southeastern Youth & Family Services
- Stepping Stones Child Development Center
- United Methodist Children’s Services Townhomes
- Volunteers of America-Wisconsin
- Walker’s Point Center for the Arts
- Wisconsin Regional Training Partnership
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Wisconsin Real Estate Clients
- CEO Leadership Academy
- Carmen High School of Science and Technology
- Child Development Center of St. Joseph's
- Day Care Services for Children, Inc.
- Downtown Montessori Academy
- Highland Community School
- Hmong American Peace Academy
- Holton Youth and Family Center
- HOPE Christian Schools
- Lighthouse Academies of Wisconsin
- Milwaukee College Preparatory School
- NAMI Waukesha, Inc.
- Outreach Community Health Centers
- Right Step
- Rocketship Education
- St. Anthony School
- St. Marcus Lutheran School
- School District of New Berlin
- Seeds of Health, Inc
- Select Milwaukee, Inc.
- V.E. Carter Development
- Villa St. Francis
- Wisconsin Community Services
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View all Borrowers View all Real Estate Clients
Building Stronger Schools in Wisconsin
Lending and consulting with charter and choice schools is a critical component of IFF’s work. IFF is dedicated to increasing the number of high performing schools in Wisconsin through public charter and choice school finance, real estate consulting services, public policy, and research. In May of 2010, IFF released Choosing Performance: An Analysis of School Location and Performance in Milwaukee which identifies the "Top Eight" zip code areas in Milwaukee with the greatest number of school-age children but the fewest number of schools that meet state standards for academic performance.
Involvement in Our Community
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- Milwaukee Charter School Advocates
- Nonprofit Center of Milwaukee
- Urban Economic Development Association of Wisconsin (UEDA)
- Wisconsin Nonprofits Association
- Wisconsin Charter School Association
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Contact
To learn more about our work in Wisconsin or to discuss our lending services, please call Lanie Wasserman at 414 563 1101.
For information about real estate consulting services or our work with schools, please contact Heather Heaviland at 414 563 1102.
You can find directions to IFF's Wisconsin office on the Contact Us page.
Please click here to download a print-ready overview of IFF’s Wisconsin Loan Program.
