In the News - Legacy Redevelopment Corporation

2021

LRC Partners with City of Racine and Opens Racine Office

Forgivable COVID-19 relief loans available through Legacy Redevelopment for small businesses ‘trying to stay afloat’

2020

Leadership Changes at LRC A nonprofit lender that focuses on commercial developments in Milwaukee’s central city has a new leader.

LRC Partners with City of Racine on “Forward Wisconsin Opportunity Fund”

2019

Former Ice Cream Factory Creates New Legacy
Legacy Midwest Renewal Corp. and Evergreen Real Estate Group recently joined public-private partners to celebrate the grand-opening of Legacy Lofts, a 64-unit mixed-income rental community in Milwaukee’s Lindsay Heights neighborhood.

2018

Legacy Lofts nears completion
Legacy Midwest and Evergreen joined forces to bring affordable housing and a $13.9 million investment to Milwaukee’s central city.

LRC serves as the loan administrator for a $1 million Community Development Block Grant fund to help Milwaukee’s small businesses.

The loan fund is particularly aimed at minority contractors, to help them with commercial development and business development in the city.

2017

Conversion of Milwaukee industrial building into apartments wins early approval from city

Chicago-based Evergreen Real Estate Group and Milwaukee-based Legacy Midwest Renewal Corp. plan to convert the three-story building, built in 1910 and now used for storage, into 36 apartments.

Restoration of historic, long bricked-up Blommer creamery begins

Legacy Midwest and Evergreen are creating 38 apartments in the former Blommer creamery, and 26 in a new, four-story building next to it. Of those, 54 will be reserved for low-income residents earning 60 percent or less of the area’s median income, said Nicolette Jurgens-Tamminga, project manager at Evergreen.

2015

LMRC Plans North Avenue Restoration

A former ice cream factory on Milwaukee’s north side will be converted into moderate-income apartments if the developers can obtain federal tax credits to help finance the projects.

2014

Milwaukee Tax Credit Program Championed

Former CDFI Fund Director Donna Gambrell champions new market tax credits during a Milwaukee visit to speak at an LRC hosted event.

LMRC Sells North Avenue Commerce Center

60,000 square foot building at 24th Street and North Avenue becomes home to Hope Christian School, a Milwaukee Choice School.

2012

LRC Supports Planned Lindsey Heights Building

Planned mixed-use building generates hope for economic growth.

2011

LRC and LMRC Survive Legacy Bank Failure

While Chicago-based Seaway Bank and Trust Co. has take over the failed Legacy Bank, two operations that share Legacy’s name – but are separately owned and funded – remain in business.

2007

M&I Invests
M&I Community Development Corporation Tuesday said it has made a $500,000 investment in Legacy Redevelopment Corporation, a nonprofit revolving loan fund serving Milwaukee’s central city.

2006

A New Legacy
$16.5 million project to build 75 homes in central Milwaukee.

2004

Injecting Life into Fondy corridor
Nonprofit group proposes commercial, residential project in central city.

Legacy Redevelopment Corporation backs ‘model’ homes
Milwaukee’s Legacy Redevelopment Corporation is using its Lindsay Heights revolving loan fund to finance the building of model homes in the central city.