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Indianapolis LISC 2014 Annual Report

Building stronger, more vibrant neighborhoods takes a plan. In 2014, LISC Indianapolis continued implementation of its strategic plan spurring consistent growth in our neighborhoods and more opportunities for low-income families around Indy. Big results require significant investment, and LISC invested $6,609,427 into Indianapolis neighborhoods in 2014. We leveraged a further $22,381,725 in additional neighborhood investment, and assisted more than 30 community-based organizations in developing 628 units of housing and 290,835 square feet of commercial space.   We’re empowering neighborhood stakeholders to realize their dreams for their communities – focusing on outcomes that build on our history of success. And that … Continued

FOCUS on East Washington Street

  The East Washington Street Partnership is a collective effort to nurture sustainable economic development and revitalization along one of Indianapolis’ most essential commercial/industrial corridors. For over 100 years, the land at 3000 E. Washington Street (The Historic PR Mallory Building) has been special to the community. In the last several decades, the campus has been precluded from finding a more useful and sustainable future by unprecedented environmental contamination, dilapidated buildings which have outlived their usefulness, and disjointed ownerships The Near Eastside is one of Indianapolis LISC’s Quality of Life neighborhoods. Over the last five years LISC has invested more … Continued

McNamara Florist Returns to Indianapolis

The metropolitan area’s largest florist has purchased a vacant building in one of LISC’s Quality of Life neighborhoods on the Near Eastside and will move its headquarters back to Indianapolis next year. With the help of a Facade grant from LISC, McNamara Florist’s corporate headquarters will undergo extensive, environmentally-friendly renovations the $20,000 grant will be used to improve the exterior appearance of the building. Financing for the acquisition and construction was also provided by First Internet Bank and an SBA 504 loan, which was coordinated by Premier Capital Corporation. The building has been vacant for several years and this project … Continued

Indy Brownfield Accelerator Program

Indianapolis LISC’s Fostering Commercial Urban Strategies (FOCUS), Great Places 2020, and Reconnecting Our Waterways (ROW) created the Indy Brownfield Accelerator Program convening experts and industry leaders to expedite the redevelopment of city brownfields. The project provides technical assistance sessions with the ROW Economic Environmental Resource Panel which includes an attorney, environmental consultant, government brownfield redevelopment representative, and developer with brownfield experience. Those interested in developing a property, but are concerned it may be or is a brownfield, fill out the Indy Brownfield Accelerator RFI. The next Indy Brownfield Accelerator Forum is on Tuesday, July 28th, 2015 from 11:30am – 1:00pm in … Continued

Expanding Economic Stability Opportunities Forum

Reposted via the Federal Deposit Insurance Corporation. The Federal Deposit Insurance Corporation, Indiana Assets & Opportunity Network, Indiana Housing and Community Development Authority, and Local Initiatives Support Corporation (LISC) Indianapolis will host Expanding Economic Stability Opportunities Forum on Tuesday, July 21, 2015. This forum will explore strategies for increasing financial resilience among low- and moderate-income families. The Center for Enterprise Development will share steps for successful integration of financial capabilities into social services. These services include financial education, credit building and counseling, access to safe and affordable financial products, and free tax preparation.  Bankers will share examples of products that … Continued

Development on Tap: Remaking Indy

Entrepreneurs and the Makers Movement Ilana Preuss has spent nearly 20 years working with communities and businesses across the country helping them build strong places by adopting and implementing real estate and infrastructure development policies. These days, Preuss focuses on connecting small-scale manufacturing and maker industries to neighborhood redevelopment and real estate opportunities. Please join us on July 15th at the Platform to welcome Preuss who will be sharing her knowledge and experiences with the Makers Movement in Indianapolis. The program includes special remarks from Adam Thies, Director of the Department of Metropolitan Development, and Michael Huber, CEO of Indy … Continued

Southside Indy Begins Quality of Life Plan

The boundaries of productivity and progress on the Southside of Indianapolis have expanded through the unique partnership of Fifth Third Bank, Local Initiatives Support Corporation (LISC) and University of Indianapolis. These three entities have partnered to bring an extraordinary Quality of Life Plan to the south side of the city. The proposed focus area covers 4.25 square miles and is bounded by 1-65, I-465 and Raymond and Meridian streets. The area primarily includes University Heights, Gateway Community Alliance, South Village, Friends of Garfield Park and Garfield Park Neighborhood Association. LISC and UIndy are heavily involved in supporting this area’s Quality … Continued

City Celebrates Dedication of Central State Greens NFL Field

Central State Greens, a redevelopment project encompassing over 9 acres at the heart of the former Central State Hospital site, is made possible by a unique partnership between LISC Indianapolis, the City of Indianapolis, and Reverie Estates. Central State Hospital, created in 1827, once cared for nearly 3,000 patients on its 140 acre grounds. Funding cuts led to the hospital’s closure in 1994 and the site has been vacant and in deteriorating condition ever since. Its revitalization has been a centerpiece of the Near West neighborhood Quality of Life plan.   The development connects the Near West neighborhood and residents with students at IUPUI, an … Continued

Indianapolis LISC Presents at the Midwest Regional Sustainability Conference

Indianapolis LISC’s Tedd Grain joined a delegation from Indianapolis that included Melody Park (City of Indianapolis—Office of Sustainability), John Hazlett (Williams Creek Consulting), Kelly Harris (Reconnecting to Our Waterways) and McKenzie Beverage (Butler University—Office of Sustainability) to participate in Green Umbrella’s Midwest Regional Sustainability Conference.  Tedd presented on LISC and Indy Food Council’s efforts to improve food systems in Indianapolis.     For more information on the conference, visit the Green Umbrella website.  For more information on the Indy Food Council, visit their website.       

Public Meeting: Mass Ave. Brookside Industrial Corridor

Join fellow neighbors and Riley Area Development Corporation for the 3rd public meeting about the Mass Ave. Brookside Industrial Corridor.  This is an opportunity for residents, concerned citizens, and those with experience in redevelopment to share ideas, ask questions, and give feedback to consultants on issues such as infrastructure, job creation, buffering, crime, community engagement, etc.  The meeting will be held at Spades Park Library on May 13th from 6pm – 7pm. 

Clifton Square Development Brings $12M Investment to Northwest Neighborhood

The Clifton Square development Clifton Square, a new senior housing development in the Northwest area, celebrated its grand opening this month.  The new development, located at the highly visible intersection of 30th Street and Clifton street, features 57 one and two-bedroom units, developed in two buildings connected by an architectural dramatic skywalk between the two buildings. the building on the northwest corner was formerly an old bank that last housed the now-defunct United Northwest Area Community Development Corporation. Monthly rents range from $266 to $543 for a one bedroom and from $319 to $630 for a two bedroom, depending upon income. … Continued

Making SENSE: A Citywide Conversation on Quality Neighborhood Schools

Thank you for joining a panel of civic leaders for breakfast and a discussion about quality neighborhood schools and the future of education in our neighborhoods – with a look at success stories at both IPS and public charter schools on Indianapolis’s near southeast side. The morning panel featured:   Following the morning panel were charter school facilities financing sessions. Two panels explored how to open up capital markets by improving policies and standardizing credit assessment practices. The panels included:   Reena Abraham, Vice President of Education Programs at National LISC Jeff Bennett, Director of Real Estate Services at IFF Beth Bray, Program Officer at the … Continued

Menomonee Valley Redevelopment

From Eyesore to Model of Sustainable Development Since its inception in 1999, Menomonee Valley Partners, Inc. has served as the lead agency in the redevelopment of Milwaukee’s Menomonee Valley. Once Wisconsin’s most visible eyesore, the Valley has been transformed, becoming a national model in economic development and environmental sustainability. More than one million square feet of green buildings have been constructed and more than 60 acres of new trails and park space with 45 acres of native plants installed have led to improved wildlife habitat and water quality. 300 acres of brownfield have been developed, 39 companies have moved to … Continued

Third Round of Indy Food Fund Now Open

The Indy Food Council is pleased to announce the third round of the Indy Food Fund.  The Indy Food Fund is a small grant and loan program designed to support catalytic food related projects in Marion County.  This year the fund will prioritize applicants who can show they are working towards one of more of the following initiatives as outlined as priorities by the council: Improve access to healthy and local food across all ages and demographics. Increase the demand for local food in Indy by promoting local options, expanding existing local food production efforts and developing new ones, and … Continued

Obama’s Ivy Tech Visit Spotlights Community Development Partnerships

  It’s exciting to see President Obama celebrating the work of a great partner to LISC like Ivy Tech. The President’s highlighting of the impact that a community college can have on a community has been reflected in how Ivy Tech has been part of local comprehensive community development efforts. The Ivy Tech campus is located in the Mid-North Quality of Life neighborhood, and the college has joined with residents and organizations like the Indianapolis Children’s Museum of Indianapolis, Mapleton-Fall Creek CDC, and Near North Development in implementing many community improvement goals. Three years ago, LISC invested $11.2 Million in Federal New Market … Continued