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Detroit LISC’s Neighborhoods NOW Campaign

Detroit LISC’s Neighborhoods NOW Campaign. AN OVERVIEW OF DETROIT LISC’S TARGETED INITIATIVES Prepared for the Economic Forum for Good Neighborhood Communities University of Michigan Detroit Center January 11, 2008. LISC’s Targeted Strategies. Where we’ve been Where we are

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Detroit LISC’s Neighborhoods NOW Campaign

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  1. Detroit LISC’s Neighborhoods NOW Campaign AN OVERVIEW OF DETROIT LISC’S TARGETED INITIATIVES Prepared for the Economic Forum for Good Neighborhood Communities University of Michigan Detroit Center January 11, 2008

  2. LISC’s Targeted Strategies • Where we’ve been • Where we are • Where we are going

  3. Where We’ve Been Detroit LISC Investment 1990-2006 $100 million Detroit LISC Leverage 1990-2006 $650 million (6.50 to 1 ratio)

  4. Where We’ve Been • In 2005 LISC launched its Neighborhoods NOW campaign. • After the successful From The Ground Up campaign • After 8 years of the Detroit Community Development Funders’ Collaborative • After the capacity of CDC’s “to build to scale”

  5. Aspirational Goals • Work differently to achieve… • More neighborhood impact and visible change • More leverage & attract more investment • A more holistically revitalized community

  6. The New Client LISC’s Client Neighborhoods

  7. How we decided to do this… • Place-based targeted strategies • Strategic Investment Initiative • Metro Detroit Regional Investment Initiative • Policy • Capacity

  8. Strategic Investment Areas • LISC chose investment areas based on: • Economic Engines • High Performing CDCs • Previous LISC investment • Positive Relationship w/LISC

  9. Strategic Investment Areas

  10. Strategic Investment Areas • LISC provided • Facilitators • Scribes • Urban Planners • “Doing while planning” grant support

  11. Metro Detroit Regional Investment Initiative • Request for Proposals • Facilitated meetings with Detroit and inner ring suburbs organizations and agencies • Challenged to think creatively about cross-jurisdictional neighborhood revitalization and social equity

  12. Metro Detroit Regional Investment Initiative LISC defined social equity as equal access

  13. Metro Detroit Regional Investment Initiative

  14. Where we are Detroit LISC investment for Neighborhoods NOW 2005-2006 Grants $ 5.5 million Loans $ 4.3 million Equity: $28.2 million $38 million

  15. Where we are Detroit LISC investment for Neighborhoods NOW 2005-2006 Detroit LISC Leverage for Neighborhoods NOW 2005-2006 $320 million ($8.5 to $1 Ratio)

  16. Where we are: Outputs 2005 - 2007

  17. Where we are • Outcomes • New vehicles to get work done • Community-level project prioritization • Published comprehensive Investment Strategies • Regional cooperation at the micro level

  18. Where we are… • Outcomes • Direction to LISC (and others) investment • Direction to LISC for overlay project focus • Safety, code enforcement, blight • Home repair • Vacant land

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