2018 ANNUAL REPORT - Local Initiatives Support Corporation

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2018 ANNUAL REPORT www.toledolisc.org

Transcript of 2018 ANNUAL REPORT - Local Initiatives Support Corporation

2018 ANNUAL REPORT

www.toledolisc.org

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. 

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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