United Athletes Foundation partners with Great Lakes Capital Fund,

in collaboration with Baker Tilly,

to form $100 Million Dollar Tax Credit Equity Fund

United Athletes Foundation (UAF) has formalized 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. The formal public announcement will be made on February 6,, 2013, at the New York Stock Exchange immediately following the Global Diversity Leadership Exchange, from 4:30 - 5:30 p.m. 

The new partnership was formed for the purpose of 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.

UAF provides financial literacy education to their members and members of communities across the country. The partnership with Great Lakes Capital Fund, and collaboration with Baker Tilly, will allow UAF to take financial literacy a step further into affordable housing and community redevelopment. The goal is to help hardworking people have a real chance at becoming a “home-owner”.

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 full service community development finance institution that has been in operation for 20 years and manages over $2.5 billion in the community redevelopment space. This includes successfully investing in over 500 affordable housing developments representing 35,000 units which have served over 60 thousand low to moderate income people. In addition to its housing investments, it is managing over $300 million of New Markets Tax Credits in economic development. GLCF also provides lending services through its role as a Fannie Mae Affordable Housing lender and FHA affiliations. www.capfund.net

With nearly 1,500 employees, Baker Tilly provides a wide range of accounting, tax, and advisory services. 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. The combined worldwide revenue of independent member firms exceeds $3 billion. www.bakertilly.com

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All company references to Baker Tilly in this press release must be listed as Baker Tilly Virchow Krause, LLP. No shortened version of the company name is permitted. All references to Baker Tilly International do not require modification.

*According to the 2012 Accounting Today “Top 100 Firms.”