Impact Seven is pleased to present its organizational website. It is intended to be a resource for individuals, businesses, and communities, to inform about the products and services we can offer in the areas of housing development, property management, business development, and overall community development.
A community development corporation (CDC), Impact Seven was founded in 1970 by people of northwestern Wisconsin concerned with a waning economy, the out-migration of its youth and the rate of poverty among area residents. Our mission – to comprehensively impact the population of Wisconsin, with an emphasis on the rural areas of the state – remains the same, but we have come a long way since we opened up shop in Cameron, Wisconsin, over four decades ago.
Impact Seven is headquartered in Almena, Wisconsin with a branch office in Milwaukee. We are a certified Community Development Financial Institution, manage several Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) loan programs, provide venture capital, and are part-owner of a community development bank, started in conjunction with a partner CDC. We are one of the largest non-profit developers of affordable housing in Wisconsin and manage 1,019 units, most of which we own. As a consultant and developer, we have helped numerous communities make significant strides towards revitalizing distressed housing, sagging economies, and dwindling populations.
Impact Seven has a number of programs, loan pools, properties, resources and ideas in which you may be interested. I hope you will take some time to explore our site. Thank you for your interest and support, and I invite your comments and suggestions. Please contact me today to discuss how we might be able to make a positive impact on you, your business, or your community.
East Central WI
South Central WI
King Drive Commons IV
Layton Blvd West Neighbors
New Markets Tax Credits
Financing - Biz
Real Estate Dev.
Com. Success Stories
|Information for Investors||Information for Business Owners||About NMTC||Frequently Asked Questions|
Upon receipt of the allocation of New Markets Tax Credits that it has applied for, it will re-invest the cash equity received from investors in exchange for the tax credits into qualifying businesses. These transactions will be facilitated through for-profit subsidiaries (CDEs) of Impact Seven created for this purpose, the structure of a NMTC investment is illustrated below.
The diagram represents the flow of tax credits through the CDE to the investors, and the investor equity into qualifying businesses or other CDEs. It shows that the CDFI Fund will allocate tax credits to select CDEs that are successful in the competitive national application process. Private, tax-paying investors can then purchase the tax credits from the CDEs through cash equity investment. Substantially all (85% or more) of the cash investment must then be used by the CDE to finance or gain equity in Qualified Low Income Community Businesses or other CDEs. The Qualified Low Income Community Businesses must then make loan or equity repayment to the CDE, which is then funneled back to the investors after a seven-year period in the form of equity repayment, with additional return on investment possible throughout the period based on the performance of the business.