Community development requires the financial backing of local financial institutions whose support and investment funds can have a direct impact in people's lives. That's why, Associated created Associated Community Development, LLC. Associated Community Development, LLC uses its financial resources to bring investment into the underserved areas of the markets where we live and work, the states of Wisconsin, Illinois and Minnesota. Focusing on these markets keeps investment dollars local, while strengthening our communities, building opportunity and changing neighbor's lives.
To establish itself as a credible, long-term supporter, partner and investor in affordable housing and commercial development, principally within our three state's modest income customer service areas.
To broaden community development opportunities within our three state region. We do this by providing financial resources to our communities through investment in tax credits that focus on modest income housing, historical building preservation and commercial development in qualified census tracts through the federal government's New Market Tax Credit program.
To strengthen relationships with our customers and neighbors by focusing on quality investment opportunities expected to have the most impact to our communities. In doing so, we cooperate with community-based organizations and local developers to identify these projects and place financial resources where they're needed most - in the development of our communities. These investments create synergies that further strengthen the economic base of our communities and its people.
If you're interested in learning more about how Associated Community Development, LLC can bring its financial resources to work in your community, contact your local Associated banker.