Latest News

Twin Accounts: Building Credit While Saving

Two big challenges facing many low-wealth families are poor credit scores and the lack of savings to address emergencies or other longer-term goals. The Local Initiatives Support Corporation (LISC) and Financial Health Federal Credit Union in Indianapolis have teamed up to do something about that. Working closely with financial coaches in the Centers for Working Families network, the partners launched Twin Accounts.™ Borrowers must be in an active coaching relationship, with a clear set of financial goals, and have the ability to pay $25.00 per month. The borrower takes a loan for $300 which is immediately deposited into a “locked” savings account. The … Continued

2017 Small Business Facade and Property Improvement Grants

The 2017 Small Business Facade and Property Improvement Program is a component of FOCUS that provides matching grants to property owners willing to renovate the street-front exteriors of their structures. These improvements could include new signage, windows, painting, and/or structural or design changes. This is a rebate program where business and property owners receive reimbursement for up to 50% of the cost of the project in amounts ranging from $1,000 to $20,000 for completed work. The goal is to build long-lasting relationships that connect neighborhoods with businesses and new resources to revitalize urban markets. To apply, call LISC’s direct line … Continued

SEND Hiring Community Coordinator for Twin Aire Neighborhood

Southeast Neighborhood Development, Inc. (SEND), in its role as lead agency for the Great Places 2020 planning process in the Twin Aire neighborhood, seeks to hire a community coordinator. If interested, please submit cover letter and resume electronically to Paul Smith at Paul@sendcdc.org. Please include your salary requirements, expressed on a per hour basis, in your cover letter. Deadline for applications is January 20, 2017. Please click here for the full job description.

Successful Development on Tap Speaks to Gentrification in Indy

Thank you to everyone who attended last night’s Development on Tap. The event, Gentrification in Indy with national housing expert Alan Mallach’s findings on changes in neighborhood incomes and housing values in Indianapolis, was well-attended and appreciated. “Indianapolis is a great city, with strong institutions, valuable assets, and healthy job and population growth. While some parts of Indianapolis are seeing rising incomes, house values and similar indicators, however, the data shows that substantially more parts of the city are seeing decline in these same indicators than are seeing growth. The city has been losing ground in important respects, experiencing weak … Continued

FOCUS Works

LISC’s FOCUS Works is an effort designed to support the redevelopment of targeted urban industrial districts through façade improvement grants, targeted small business loans, technical assistance, staffing and more. That sounds great, but how does it work? This Indianapolis Business Journal article, McNamara Florist hopes $2.5M bet on HQ will help Mass Ave industrial corridor flower, explains how companies are investing in the nearly 500-acre area known as the Mass Ave/Brookside Industrial Corridor. Last year LISC supported McNamara through a $20,000 Community Development Block Grant (CDBG).  

Webinar: Report on Evaluation of LISC’s FOCs

LISC invites you to join us for an overview of the key findings of a two-year study of LISC’s Financial Opportunity Centers (FOCs). The independent study by the Economic Mobility Corporation has found that clients of FOCs are more likely to be employed year-round, to reduce non-asset related debt and to build positive credit histories than comparison group participants. First Steps on the Road to Financial Well-Being: Final Report from the Evaluation of LISC’s Financial Opportunity Centers Thursday, October 27, 2016 2:00 pm  |  Eastern Daylight Time (New York, GMT-04:00)  |  1 hr 30 mins Register

State Farm Neighborhood Assist- Be the Catalyst for Positive Change in your Community

Have you ever wanted to help your community with a problem but didn’t know where to start? Maybe it’s a run-down park or to help the impoverished in your community. Now, YOU have the power to fix it. State Farm Neighborhood Assist wants to help identify and address key issues faced by consumers throughout the United States. State Farm Neighborhood Assist, a crowd-sourced philanthropic initiative, lets communities determine where grant funding is awarded. The application is short and simple, and can be found by visiting www.neighborhoodassist.com. You, or someone you know, could be the catalyst for positive change to your … Continued

2015 LISC Indianapolis Annual Report

2015 a momentous year for LISC In 2015 LISC Indianapolis invested more than $15 million into Indianapolis neighborhoods in grants, loans, and equity. This supported 30 different non-profits, assisted 2,905 families and 102 businesses, built 91 homes, and improved 437,000 square feet of commercial space. We also support programs that enabled 528 family members to obtain jobs, over 500 families to increase their income, and the creation of 83 new neighborhood jobs. Please click here to read the 2015 LISC Indianapolis Annual Report.

Indy Chamber’s 2016 Monumental Awards

ONLY ONE WEEK LEFT! Project submissions are being accepted for the Indy Chamber‘s 2016 Monumental Awards. Entries due no later than 5 PM on Friday, July 29. LISC is the nominating sponsor for the Neighborhood Revitalization and Innovative Reuse category!   Click here to learn about the entry guidelines, 2016 category requirements and judging criteria. 

June 9: Become a Brewing Entrepreneur

Don’t miss this opportunity to learn more about becoming a Brewing Entrepreneur! Join Riley Area Development Corporation (RADC)‘s STIR Workshop on June 9 at Centerpoint Brewing. Join owners Jon Robinson of Centerpoint Brewing and Tia Agnew of  New Day Craft for a workshop geared towards becoming a brewing entrepreneur.  You will hear first hand accounts from our experts on what it takes to open a brewing business plus  tools to utilize as you get started, how to brand your product and much much more. This educational discussion will be held at Centerpoint Brewing and will be 21+.  We’ll be carding at the door.  As always, … Continued

Development on Tap: May 26, 2016

You’re invited to Development on Tap: The Indianapolis toolbox for vacant and abandoned property The month’s Development on Tap features the Center for Community Progress (CCP) who will present their observations and findings on the systemic approaches and barriers to address vacant and abandoned parcels in Indianapolis as well as public and private sector capacity to combat this problem. Earlier this year, Renew Indianapolis, in partnership with the City of Indianapolis and LISC Indianapolis, engaged the Center for Community Progress to evaluate the systems that impact vacancy and abandonment. These systems include: Data Delinquent tax enforcement Housing and building code … Continued

Mass Ave Industrial Corridor Video

The Mass Ave Industrial Corridor is a legacy industrial district near Downtown Indianapolis that has been targeted for revitalization. There are many small manufacturers with a long history in the area but an influx of new artisan manufacturers and makers are starting to call this Industrial Corridor home. This short video created by Yardbox Films, shares a glimpse of people working, products being, and policy considerations that are all reshaping the area.

Mass Ave Industrial Corridor Film

You are invited to the Mass Ave Industrial Corridor Film screening event on April 13, 2016 5:30 pm – 7:30 pm at the Circle City Industrial Complex, Farmers Market space – G10. Snacks and beverages will be provided. Please join Riley Area Development Corporation (RADC) for the viewing of the Mass Ave Industrial Corridor Film. This project, made possible with the support of Indianapolis LISC, showcases the diversity of companies operating and products being made in this industrial area. The film tells a story of small business growth, reinvestment, the maker movement, and the many people involved in the revitalization … Continued

Southside Quality of Life Plan begins

Southside Quality of Life Plan begins In 2015, LISC embarked on a new Quality of Life Planning process on the Southside for the area from Garfield Park south to I-465 in conjunction with the University of Indianapolis.  The Southside Quality of Life Plan seeks to identify strategies for improving the Southside of Indianapolis through community engagement and a plan for sustained and conscious development. In late February, a Visioning Summit was held with more than 200 residents in attendance to define a shared vision for their neighborhood’s future that included housing, safety, culture, parks, healthcare, childcare, education and economic development.

Farm 365 project adds 11 jobs

Farm 365 project adds 11 jobs Farm 365, located in the Englewood Village neighborhood, seeks to be a small part of the solution of the food desert problem on the Near East side. It is focused on year round production and year round employment. Growing fresh, flavorful produce, grown by and for the local community, as well as re-purposing buildings, adding value to urban neighborhoods and directly creating 11 jobs. LISC Indianapolis provided a $20,000 facade improvement grant for Farm 365 and a $99,750 project initiation loan to support this project.