Love Thy Neighborhood Awards Gifts $25,000 to Five Neighborhood Gamechangers
INDIANAPOLIS, April 28, 2017 – LISC Indianapolis celebrated its 25th Anniversary last night by awarding $25,000 to five community game changers in the Indy region that have made outstanding progress in developing their neighborhoods as desirable places to live, work, learn and play. The awards gala took place last evening at the Indiana War Memorial with more than 400 people in attendance.
This is the inaugural year for the Love Thy Neighborhood Awards. The Awards were planned in partnership with LISC Indianapolis and Visit Indy to encourage the transformation of neighborhoods throughout the Indy region into authentic and vibrant places profoundly attractive and livable for both residents and visitors.
The following groups or projects were awarded a 2017 Love Thy Neighborhood Award and $5,000 in unrestricted cash:
Livability category: Woodruff Place Economic Improvement District
Neighbors in Woodruff Place found that their historic infrastructure was deteriorating. Unable to maintain and improve the fountains, streetlights, Town Hall, and other monuments, the neighborhood formed the
First Economic Improvement District in the City’s history.
Opportunity category: Microloan Program, Bankable
The Bankable Microloan program has grown to become the largest SBA microloan lender in Indiana and to date has lent more than $10 million to entrepreneurs, with 45% of that capital going to business owner
s in low-to-moderate income tracts and $5 million going to startup businesses. In addition to lending, the organization has a robust technical assistance program which has provided over 5,000 hours of support to borrowers in areas such as accounting, strategy, marketing, and credit building.
Vitality category: Revitalization of Avondale Meadows, Strategic Capital Partners, Inc.
The Meadows, a 150-acre community in northeast Indianapolis, was once a destination with shopping, a theater and quality housing. After years of decline, the new Avondale Meadows is a new long-term project focused on public-private-community-based partnership with a goal of revitalizing the community by developing mixed-income housing, quality charter school options, health and wellness facilities and retail that would include a grocery store.
Education category: Teenworks Inc.
Founded in 1991, the mission of TeenWorks is to empower teens to achieve excellence in college, career, and community through a commitment to providing clear pathways out of poverty for economically disadvantaged youth. Each summer, TeenWorks delivers of a six-week summer program that combines paid employment, classroom training, and civic engagement opportunities on college campuses and in
the community, accompanied by employment and professional development throughout the academic year.
People’s Choice category: Laurelwood After School Program
The Intercollegiate YMCA Center exists to serve college students in the Indianapolis area by providing experiences that help them develop community awareness and responsibility as well as creating a well-rounded world-conscious individual. This is accomplished by providing a variety of meaningful service opportunities such as the Project Outreach program that creates free afterschool programs in low income public housing communities. For the past 11 years, program has provided high-quality, values-based afterschool programming to nearly half of the 500 youth (ages 6-17) who live in the Laurelwood Public Housing Community.
The event coincided with LISC Indianapolis celebrating 25 years of community development. Over the past 25 years, LISC Indianapolis has invested more than $260 million in Indianapolis neighborhoods and leveraged more than $951 in other neighborhood investment. Im addition, the organization has built and transformed 5.9 million square feet in retail and community space and more than 12,000 affordable homes.
Local Initiatives Support Corporation (LISC) Indianapolis is the local office of a national organization that helps resident-led, community-based development organizations transform distressed communities and neighborhoods into healthy ones — good places to live, do business, work, and raise families. By providing capital, technical expertise, training, and information, LISC supports the development of local leadership and the creation of affordable housing; commercial, industrial, and community facilities; businesses; and jobs. In short, we help n