2018 ANNUAL REPORT - Local Initiatives Support Corporation
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Transcript of 2018 ANNUAL REPORT - Local Initiatives Support Corporation
Our MissionWith residents and partners, LISC forges resilient and
inclusive communities of opportunity across America –
great places to live, work, visit, do business, and raise
families.
Our Model
Home football game on new turf field at Start High School, financed in part through a $250,000 grant from the NFL Foundation/LISCGrassroots Program . Photo from: Michael Johnson.
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Work with local partnersPool public and private dollars Support people and places
Our FocusIn Toledo, we focus our work on comprehensive community development
strategies that incorporate housing, family income and wealth building,
community engagement, and greenspace and economic development. Toledo
LISC targets resources in four neighborhoods: Cherry Street,
Downtown/Uptown, East Toledo, and Monroe Street.
ON THE COVER: FOC client and first-time homeowner Carmen poses outside her home with her son. Photo credit: Alex Goetz.
LISC's 2018 National Footprint
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$1.9 MillionGrants to Local Partners
$5.9 MillionLeveraged
$7.7 Million Total Investments
$ 1.4 Billion Total Investments Commercial Sq. Ft.
4.2 Million
Housing Units
20,085
Grants
$ 61 Million $ 4.4 Billion Leveraged
180,805Commercial Sq. Ft.
Loans to Businesses &Developers
$5.8 Million
LISC's 2018 Toledo Footprint
Housing
Created 28 Homeowners
Leveraged $306,500for home ownership
LISC works with partners tocreate and preserve
affordable housing for lowand moderate income
families.
In 2018, through partneringwith the YR16 Initiative,
Toledo LISC:
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Toledo Financial Opportunity CenterNetwork
Welcome Home ceremony for a home rehabbed through LISC's Core City Rehab Program, in partnershipwith Historic South, KeyBank, Lucas County Land Bank, ProMedica, and others.
42 6
Clients Served
1 14 8
Placed in Jobs
43 7Increased
Income
22 7Improved
FICO Scores
4+ 3Avg FICO
Score Increase
Pts1 71. 2Avg StartingHourly Wage
$
1 32 1$Avg Free TaxPrep Refund
1 38 3Tax Returns
Filed
FOC coach Michelle Gorsuch working with a client.
Safety
Awarded $5,000 ingrants to implementsafety improvementprojects
Trained 30 individuals on 5teams in Crime PreventionThrough EnvironmentalDesign
AmeriCorps
Photo credit: Jerome Jenkins.
Safety is vital to any neighborhood'swellbeing. New in 2018, Toledo LISCoffered SafeGrowth training, whichbrought together the Toledo PoliceDepartment, community partners,and neighborhood residents to learnhow to make their communities saferby evaluating the physical conditionsand social environment. Smallchanges such as a communitygathering place or improvedlighting can make a huge differenceto address safety concerns, increaseneighborhood engagement &stability, and attract housing &business investment.
In 2018, Toledo LISC & partners:
Toledo LISC places dedicatedAmeriCorps members with communitydevelopment groups in theneighborhoods where wework. Members serve to build thecapacity of their host site and receiveprofessional development opportunitiesand exposure to the communitydevelopment field.
In 2018, LISC AmeriCorps members:
SafeGrowth training nighttime neighborhood assessment. Photocredit: Salma Barudi.
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worked with 324 volunteers
who provided 4703 hours of service.
Financing
Celebrated the grand opening ofValley Bridge, a 70-unit affordable
senior housing complex partiallyfinanced with $10 million in low-
income housing tax credits from LISC.
Provided $5.8 million in acquisition andpredevelopment loans for commercialand mixed-use projects inDowntown/Uptown.
Creative Placemaking
Photo credit: Betsy Ujvagi
Toledo LISC supports residents and partnerscoming together to make social, physical, andeconomic changes in their neighborhoodsthrough arts and culture. This is known ascreative placemaking, the vital spark thatcelebrates the life of a neighborhood, makingit a place where things are happening andpeople want to be.
In 2018, Toledo LISC & partners:
Lending is an essential instrument inLISC’s community developmenttoolkit. We work in partnership withlocal grassroots groups, for-profitdevelopers, small businesses,banks, and government agencies tofinance projects that will have apositive, long-term impact. We worktogether to upgrade physicalsurroundings, attracting newbusinesses and supporting existingones, and boosting the community’sreputation as a good place to shop,live, and do business.
In 2018, Toledo LISC:
Fresh produce at Family Food Center, which reopened after renovation in May2018. Toledo LISC provided an $800,000 below-market small business loan tohelp acquire and improve the store. Photo credit: Salma Barudi.
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Engaged over 5400 residents increative placemaking events andprojects
THANK YOU
GET IN TOUCH WITH US
2018 SUPPORTERS
LOCAL ADVISORY BOARD
Dennis Johnson
Ndeda Letson Citizens Bank
Joseph Napoli
Toledo Mud Hens & Toledo Walleye
Tom Palmer Marshall & Melhorn
Matt Sapara
Mercy St. Vincent Medical Center
Reginald TempleFirst Federal Bank
Robin Whitney
ProMedica Health Systems
Keith Wilkowski Block Communications
(419) 419-1749 500 Madison Ave. Suite 312
Toledo, OH 43604
[email protected] facebook.com/ TTownLISC
@TTownLISC
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The Andersons Board of Lucas County Commissioners Ray Boezi MarionBrannon Buckeye Broadband Kara Carter City of Toledo Cleveland Cliffs TheDouglas Company Fifth Third First Federal Bank Hugh Grefe HuntingtonNational Bank Sheila & Dennis Johnson Key Bank The Lathrop Company LucasCounty Job & Family Services Lucas County Land Reutilization Bank LucasMetropolitan Housing Authority Mannik-Smith Marshall & Melhorn MercyHealth Midland Title & Escrow Ohio Capital Corporation for Housing OwensCorning Thomas & Susan Palmer PNC ProMedica Patricia Page Ross RudolphLibbe Signature Bank Toledo Community Foundation Toledo-Lucas County PortAuthority Toledo Mud Hens Toledo Museum of Art United Way of GreaterToledo Walter E. Terhune Memorial Fund Waterford Bank
Tom Manahan Chair; The Lathrop Company
Chris Kozak
Vice Chair; Huntington Bank
Rick AveryOwens Corning
Bill Brennan
Lucas County Planning & Development
Stephanie CousinoPNC Financial Services Group
Pete Douglas
The Douglas Company
Chris Fox Key Bank
Rod Frey
Waterford Bank