In today's inner cities, there is a tremendous potential for real estate development that is largely untapped. This emerging market has become ripe with opportunity and distinct competitive advantages that include:

• Close proximity to consumers
  
  
• Existence of large underserved markets
  
  
• Regional economic links
  
  
• Untapped workforce

Federal regulations set forth under the Community Reinvestment Act (CRA) of 1977 mandate that many financial institutions make investments in these emerging urban markets for the purposes of creating affordable housing and stimulating economic development. WPV II's urban real estate development focus, proven strategies, and experience provides a unique opportunity for institutional investors to make smart investments while meeting the needs stated throug hthe Community Reinvestment Act.

While many of the financial institutions regulated under the CRA have dedicated Community Development Corporations that focus on investments in various communities, WPV II will form a tailored strategy to maximize the profit potential of its urban in-fill development projects. This strategy will come from a community building perspective, which will entail establishing partnerships, created community infrastructure and bringing constituencies together in order to meet common objectives. Through this process, WPV II will provide value-added services that contribute greatly to oversight and the sucess of community reinvestment projects. These services include, project identification, technical support for project development, providing ongoing investment management, and monitoring and reporting services for corporate investors.