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2012 Investments

Duluth LISC brought $2,031,576 into Duluth in 2012.

Here is how we invested those funds:

Downtown Revitalization ($750,000)—We were proud to provide a predevelopment loan of $750,000 to Sherman Associates for the planned NorShor Theatre restoration. This project is a cornerstone of Duluth’s Creative Corridor initiative and will improve the vibrancy of downtown Duluth, create jobs, and help grow Duluth’s art industry.

Adaptive Reuse of the Lincoln Park School ($400,000)—A high priority in the Lincoln Park Neighborhood Revitalization Plan is adaptive reuse of the former Lincoln Park Elementary School. Sherman Associates purchased the building in 2012 and plans to refurbish it to include 50 units of affordable housing plus space for the Boys and Girls Club of Duluth and Community Action Duluth. Duluth LISC provided a $250,000 predevelopment loan and $100,000 recoverable grant to Sherman Associates as well as a $50,000 grant to Community Action Duluth to assist with this project.

Operating Support for Community Development Organizations ($275,000)—One way in which LISC leverages results and builds capacity is by supporting the basic operations of community development organizations. In 2012, Duluth LISC provided a total of $270,000 in operating support to One Roof Community Housing, Community Action Duluth, West Duluth Community Development Corporation (CDC), Entrepreneur Fund, Ecolibrium3, and Healthy Duluth Area Coalition to help implement At Home in Duluth plans.

Financial Opportunity Center ($175,000)—Community Action Duluth's Financial Opportunity Center served 265 people in 2012. Duluth LISC supported this work with a $175,000 grant. This was thanks to funding that National LISC secured from the federal Social Innovation Fund.

Duluth at Work ($161,000)—Duluth LISC invested $161,000 in Duluth at Work, a systematic, innovative workforce development program that helps unemployed or underemployed individuals obtain work skills to secure a job or grow their small business. These grants will assist 17 job seekers and one small business to increase their incomes and assets by 25% over three years. Duluth at Work is co-administered by Duluth LISC and the City of Duluth. The 2012 grantees were Community Action Duluth, Entrepreneur Fund/Growing Neighborhood Businesses, SOAR Career Solutions, Woodland Hills Neighborhood Youth Services, and Life House.

Housing Resource Connection ($75,000)—A special allocation of HUD Section 4 funding allowed Duluth LISC to provide One Roof Community Housing a grant of $75,000 toward development of the Housing Resource Connection (HRC), a one-stop shop for current and potential homeowners seeking housing assistance. The HRC is a collaboration of Arrowhead Economic Opportunity Agency, City of Duluth Community Development Department, Ecolibrium3, Housing and Redevelopment Authority of Duluth, and One Roof Community Housing.

AmeriCorps ($57,125)—Duluth LISC provided $57,125 to support AmeriCorps members working at Lutheran Social Service, Community Action Duluth, Ecolibrium3, and United Way of Greater Duluth.

Flood Relief ($45,000)—LISC does not normally engage in emergency response, but the flood of June 2012 called for extraordinary actions. We were pleased to contribute $45,000 to Ecolibrium3, One Roof Community Housing, and United Way of Greater Duluth to support flood response efforts.

Community Safety Initiative ($35,000)—In 2011, Duluth’s Community Safety Initiative was recognized with a first place award from the Met Life Foundation for Community–Police Partnerships. That work continued in 2012 with a $35,000 grant to One Roof Community Housing and West Duluth CDC.

Fair Food Access Campaign ($21,500)—Lincoln Park’s designation as a food desert by the USDA prompted At Home in Duluth partners to join forces and win funding from State Farm's Cause an Effect initiative. This brought in $21,500 for Churches United in Ministry, Healthy Duluth Area Coalition, and Community Action Duluth to mobilize and work with Lincoln Park residents to generate and implement solutions to improve food access.

Program Consultants ($13,778)—Duluth LISC works with consultants who assist with program monitoring, evaluation, communications, and media relations.

Grant Writing Consultants ($12,000)—Duluth LISC provided $12,000 to support grant writers working on major federal, state, and private funding proposals for At Home in Duluth partners.

Conference Participation ($9,423)—To help build staff capacity among At Home in Duluth partner agencies, Duluth LISC provided $9,423 to cover travel, lodging, and participation in conferences related to comprehensive community development.

Sponsorships ($1,750)—As an engaged member of the nonprofit community, Duluth LISC helps sponsor events that build community spirit, promote equity, and support the goals of At Home in Duluth Neighborhood Revitalization Plans. In 2012, Duluth LISC spent $1,750 on sponsorships.

Total Investment since 1997

Total Direct Financial Assistance in 2012            $  2,031,576
Total Local Funds Invested To Date            $15,311,024
LISC Affiliate – National Equity Fund (Tax Credit Financing) Invested            $33,842,261
New Markets Tax Credits Invested To Date            $25,600,000
Total LISC Investment            $74,753,285

Look back at 2011 Investments