Athletes announce housing investment partnership

NEW YORK -- United Athletes Foundation (UAF) announced a partnership with Great Lakes Capital Fund (GLCF), in collaboration with Baker Tilly, to create the UAF/GLCF $100 Million Housing Tax Credit Equity Fund  at the New York Stock Exchange Wednesday.

The objective is investing primarily in low- and mixed-income residential rental properties located throughout the United States and encouraging and assisting corporations in investing in such projects.

The United Athletes Foundation (UAF) is a 501(c)(3) nonprofit organization created in 2008 by a group of professional athletes who understood their unique role in improving the lives of both the athlete fraternity and society in its entirety. To date, there are more than 100 professional athletes associated with the foundation including members of the NFL, NBA, MLB, WNBA and professional boxing. Founded by former NFL player Reggie Howard, the UAF Board of Directors/advisors includes Jim Brown, Ray Lewis, Hank Aaron, Julius Erving and Ambassador Andrew Young. For more information, please visit the foundation’s website at www.unitedathletesfoundation.com

Great Lakes Capital Fund (GLCF) is a (CDFI) community development finance institution which manages more $2.5 billion.  Investments include 500 affordable housing developmentswith 35,000 units which have served over 60 thousand low to moderate income people. It is managing more than $300 million of New Markets Tax Credits. Its site is  www.capfund.net 

Ranked as one of the top 20 largest firms in the country*, Baker Tilly serves clients from offices in Chicago, Detroit, Minneapolis, New York, Washington DC and throughout Wisconsin. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 125 countries, with more than 24,000 professionals. . www.bakertilly.com