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

A Game-Changer for Community Development: LISC Offers $100M in Bonds

In a first-ever move of its kind, the Local Initiatives Support Corporation (LISC) is issuing $100 million in general obligation bonds to help accelerate its work around economic opportunity and drive investment capital into distressed urban and rural communities across the country. Standard & Poor’s assigned a ‘AA’ rating to the bond issue, which includes term bonds of 10 and 20 years. The rating mirrors S&P’s issuer credit rating, assigned to LISC in September 2016, which highlighted the organization’s diverse and growing asset base, minimal loss exposure, and strong history of loan performance. “Impact investors are looking for proven ways … 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

Last day to apply for Love Thy Neighborhood Awards

Deadline for the Love Thy Neighborhood Award Submission is midnight tonight! The Awards celebrate the people and places that have made outstanding progress in developing their neighborhoods as desirable places to live, work, learn, play, and stay. Learn more: http://loveawards.liscindianapolis.org/

SOURCE River West Entrepreneurship Center Hires Director

IUPUI is pleased to announce the hiring of Mark Roger as the first Director for the SOURCE River West Entrepreneurship Center.  Mark was chosen after a four-month search by a committee that included members from the Near Westside, LISC, and IUPUI staff and faculty, and will begin his work as director on February 20, 2017. “Mark is the ideal candidate for this position.  He is passionate about entrepreneurship and has a track record of encouraging others to successfully pursue their business-start up dreams. Mark is extremely well connected in the entrepreneurship community and can point to a portfolio of successful … Continued

LISC National CEO Discusses 2016’s Record Investments and Impact

LISC National CEO Discusses 2016’s Record Investments and Impact After reflecting on 2016, Maurice Jones, LISC CEO, lays out the year’s record investments and impact in the hundreds of neighborhoods where LISC works. And in this season of football playoffs and New Year’s resolutions, he reaffirms LISC’s ongoing commitment to bringing its A-game to revitalizing communities. Read the full message

Neighborhood Food Champions Program to Launch Saturday

Neighborhood Food Champions Program to Launch Saturday The Neighborhood Food Champions Program started last Saturday with a 12-week training for 10 people who were selected in December to learn about topics ranging from advocacy, food systems, community organizing, community garden planning, grant writing, and more! The program includes weekly two- hour workshops, a field trip to another city, and a small monetary award upon completion of the program to develop and implement a sustainable food project in their neighborhood.

International Marketplace Welcomes New Restaurants

International Marketplace Welcomes New Restaurants International Marketplace, a 12-block corridor near Lafayette Square, will use $750,000 from a district tax credit to help spur growth in the area. The International Marketplace is expecting four new restaurants to open in the first quarter of 2017. This growth is part of a three-year, $2.8 million development agreement between LISC Indianapolis and the City’s Department of Metropolitan Development that focuses on providing real estate expertise, finance and development, as well as the capacity building of the International Marketplace Coalition as a Community Development Corporation.

The Role of Anchor Institutions in Community Development

LISC welcomes Emily Scott as LISC’s newest Program Officer. Emily is tasked with developing and managing an Anchor Institution Procurement Program to facilitate connections between those making purchasing decisions in the large institutions to local companies making the products they need. The intent is to provide a facilitator relationships within the neighborhoods and identify new challenges and opportunities to grow revenue to neighborhood businesses as procurement demand evolves. What are anchor institutions, anyway? Anchor institutions act as essential partners within neighborhoods that provide and purchase goods and services, employ area workers and spur land use and infrastructure needs. They are … Continued

‘Bridges to Career Opportunities’ Provides Education, Job Skills

‘Bridges to Career Opportunities’ Provides Education, Job Skills In 2017, LISC will fund four Centers participating in “Bridges to Career Opportunities” – an initiative combining adult basic education with job skills training for low-wage workers.  This is the second year of funding for the program. Grants totaling $570,000 will support training services for 262 people in fields ranging from health and hospitality to logistics and manufacturing. How can I get involved? The Centers welcome volunteers from these sectors to speak with trainees about job opportunities and career pathways.

National Equity Fund Turns 30

National Equity Fund Turns 30 In 1987, LISC formed National Equity Fund. Since then, NEF has played a key role in revitalizing communities and empowering individuals. Today the program supports 90 percent of all affordable rental housing developments as well as generating more than 140,000 jobs annually. NEF has created 156,000 units of affordable housing and provided $144 million in grants to LISC that has been used to invest back in communities across the country. Indianapolis projects that have used NEF Funds:

Lilly Endowment Gives $100M to Local Human Service Agencies

As part of its support for efforts that improve the quality of life in Indianapolis and in Indiana, Lilly Endowment Inc. has announced $100 million in grants to 15 human service organizations to help them enhance their long-term impact by building stronger financial futures. “These 15 community anchors not only serve the needs of individuals and families by helping them overcome poverty and achieve self-sufficiency, but are also important partners in creating and implementing the goals contained in neighborhood quality of life plans,” said Bill Taft, Executive Director of LISC Indianapolis. Many of the partners that will benefit from these … Continued

Supporting Transit: Next Steps

In November, Marion County voters approved the transit referendum by almost 60%.  What is the next step? Contact your City County Council member to let them know you support transit, and attend upcoming Council meetings. Find your councilor’s information to contact them personally, or let Transit Drives Indy  send a letter to your councilor on your behalf. Here are the important Council dates: January 9 / 6:30PM – Full Council Meeting / Council Chambers January 11 / 5:30PM – Municipal Corporations / RM 260 January 19 / 5:30PM – Public Works Committee / RM 260 January 24 / 5:30PM – Rules … Continued

Think & Drink: Indy Neighborhoods

There’s more to drinking beer at Sun King Brewery on Monday nights. IndyHub and Great Places 2020 are taking over the tasting room with trivia about Indy neighborhoods! Grab your friends and form a team for a chance to win some awesome prizes. Date and Time Mon, January 9, 2017 5:30 PM – 7:00 PM EST Location Sun King Brewing 135 North College Avenue, Indianapolis, IN 46202 Register here!

Two New Great Places Added

Great Places 2020 partners have selected two additional places to support four years of implementation. Twin Aire (intersection of English/Parker) 25th and Dr. Martin Luther King Jr. Street Both will receive planning assistance to create a detailed redevelopment plan and funding for early implementation efforts in their target area. Click here to read the full press release.