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Waveland Community Development Receives $60 Million New Market Tax Credit Award

Waveland Community Development ("WCD") is pleased to announce that it has received a $60 million New Market Tax Credit allocation from the United States Treasury Department.  This award, the fifth largest allocation in the nation, will provide the much needed catalyst for investment in deserving small businesses and commercial real estate projects located in low and moderate income areas across the United States.  Waveland Community Development manages a portfolio of approximately $1 billion of assets that have been funded with New Market Tax Credits.

"Waveland Community Development is very grateful of the size of our award this year, and we look forward to continuing our mission of investment in economically distressed communities across the United States", said Rick Hayes, CEO of the company.

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