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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
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
LISC’s Targeted Strategies
  • Where we’ve been
  • Where we are
  • Where we are going
where we ve been
Where We’ve Been

Detroit LISC Investment 1990-2006

$100 million

Detroit LISC Leverage 1990-2006

$650 million (6.50 to 1 ratio)

where we ve been1
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”
aspirational goals
Aspirational Goals
  • Work differently to achieve…
  • More neighborhood impact and visible change
  • More leverage & attract more investment
  • A more holistically revitalized community
the new client
The New Client

LISC’s Client

Neighborhoods

how we decided to do this
How we decided to do this…
  • Place-based targeted strategies
  • Strategic Investment Initiative
  • Metro Detroit Regional Investment Initiative
  • Policy
  • Capacity
strategic investment areas
Strategic Investment Areas
  • LISC chose investment areas based on:
      • Economic Engines
      • High Performing CDCs
      • Previous LISC investment
      • Positive Relationship w/LISC
strategic investment areas2
Strategic Investment Areas
  • LISC provided
  • Facilitators
  • Scribes
  • Urban Planners
  • “Doing while planning” grant support
metro detroit regional investment initiative
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
metro detroit regional investment initiative1
Metro Detroit Regional Investment Initiative

LISC defined social equity as equal access

where we are
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

where we are1
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)

where we are2
Where we are
  • Outcomes
    • New vehicles to get work done
    • Community-level project prioritization
    • Published comprehensive Investment Strategies
    • Regional cooperation at the micro level
where we are3
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