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Greater Kansas City Local Initiatives Support Corporation has established a $4 million fund for low-interest, flexible predevelopment loans for projects in the urban core of Kansas City, MO and Kansas City, KS. - As reported by The Kansas City Star.
When I reflect on LISC’s three geographic focus areas in Kansas City, I see tremendous strength in the individuals and organizations making the personal and professional investments to make their neighborhoods better places to live, work, and play. LISC is privileged to support these activities through its comprehensive financial assistance and thought-leadership, including our partnerships with nearly a dozen neighborhoods that comprise the Troost and Prospect corridors, more recently referred to as the Urban Neighborhood Initiative (UNI).
The Catalytic Urban Predevelopment Fund provides low-interest, flexible predevelopment loans for projects in the urban core of Kansas City, Missouri (KCMO) and Kansas City, Kansas (KCK). The fund acts as a catalyst to spur development in low to moderate income neighborhoods by providing the critical capital necessary in the early phases of real estate development projects.
With our city colleagues, LISC had the honor of celebrating the grand opening of the Faxon School Apartments. With Sunflower Development at the helm and $800,000 from LISC to support predevelopment activities, this abandoned school is now ready to house nearly 50 seniors and be an impetus for more development in the surrounding area.
Funding from Greater Kansas City LISC is helping to support an innovative new project in Ivanhoe that is transforming vacant lots into clean, safe recreation spaces for the community.
Kansas City’s growing network of Financial Opportunity Centers (FOC) took another step forward in October, when Greater Kansas City LISC and United Way of Greater Kansas City announced the opening of a new FOC site at the Community Services League in Independence, Missouri.
Grant-making is an important component of Greater Kansas City LISC’s strategy for building the capacity of local community organizations. LISC was pleased to provide 28 year-end grants to support Kansas City-area nonprofits that are dedicated to improving their communities.
The Annual Community Development Workshop is always a great opportunity to gain new insights and to make new connections, but this year’s event, co-sponsored by Greater Kansas City LISC and Community Capital Fund, will offer something special: a separate, half-day urban real estate development training track.
In August 2015, LISC and the City of Kansas City, Missouri, agreed to commit 300,000 over the next three years to help build the capacity of the Northeast Alliance Together (NEAT), a grassroots coalition dedicated to making Kansas City’s Historic Northeast a safer, healthier, and more economically sustainable community.
LISC has never, in 35 years of work, invested more in the future of low-income communities than it did in 2015. President & CEO Michael Rubinger begins his last year at LISC’s helm with a look at the organization's historic $1.3 billion in support for efforts that help Americans prosper.
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