July 29, 2020
WHEFA Bond Financing Helps Trinity Woods
to Construct in Milwaukee
Northland Securities as Placement Agent; Bonds Placed with First Madison Investment Corporation
“The new intergenerational housing complex on the campus of Mount Mary University is a joint venture among the School Sisters of Notre Dame, Mount Mary University and Milwaukee Catholic Home. Retired sisters from the School Sisters of Notre Dame, other seniors who move onto the campus from the surrounding community, along with single mothers and their children – the mothers being students at Mount Mary – will have an opportunity to build community and enrich each other’s lives. The tax-exempt financing obtained through WHEFA helped make this endeavor financially viable.
Debra Sciano, President
SSND, MMU, MCH Joint Venture, Inc.
Bond financing facilitated by WHEFA will be used to help SSND, MMU, MCH Joint Venture, Inc. construct a project known as Trinity Woods, which includes the construction of 90 independent living senior apartments, 52 assisted living units, 24 student apartments, an early childhood education center and a town center with a total project size of 250,000 square feet located on a 9.95-acre parcel at the north end of the Mount Mary University campus in Milwaukee, Wisconsin. This federally tax-exempt financing process has enabled the borrower to operate more effectively by financing its capital expenses at a low interest rate.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.