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DULUTH LISC INVESTMENT SUMMARY

January 1, 2009 – March 31, 2009   RECOVERABLE Grants  (Project-specific 0% funds that recycle for future use) American Indian Community Housing Organization—$50,000 increase to assist with the Gimaajii Mino Bimaadiziyann project, which will create 29 units of permanent supportive housing. Capacity Building and Internship Grants $40,750 Center City Housing Corp. (CCHC)—$6,000 to develop a Web site, attend green development and Tax Credit 201 training, and real estate asset management. Churches United in Ministry (CHUM)—$5,050 for development of strategic plan and outreach coordinators to attend community-organizing training. Community Action Duluth—$4,000 for staff training on board governance, fund development assistance, and partnership development. Lincoln Park Business Group (LPBG)—$2,600 for intern to help market and secure sponsors for the Mountain Bike Race and Festival and Lincoln Park Walleye Opener, preliminary development of a pedestrian and bike corridor, and preliminary connections to the Willard Munger and Lakewalk trails; $6,500 for a board manual and newsletters, hiring of a strategic planning consultant, training, computer purchase, and Web updates. Neighborhood Housing Services of Duluth (NHS Duluth)—$6,000 for marketing materials, training and development, and loan software upgrades. NHS Duluth—$2,600 for intern to perform communications and help implement At Home in Duluth neighborhood revitalization plans for East Hillside, Central Hillside, Lincoln Park, and Morgan Park. Spirit Valley Citizens’ Neighborhood Development Association (SVCNDA)—$8,000 to assist with strategic planning, financial management, marketing consultation, grant writing training, and purchase of computer equipment. Income and Asset Building and Educational Initiatives: $121,298 Minnesota Teen Challenge Northland Campus—$44,000, over three years, to help eight (8) residential program graduates find viable employment through Duluth At Work. NHS Duluth—$17,298 to assist with At Home in Duluth service learning at Morgan Park Middle School. Northeast Entrepreneur Fund—$60,000, over three years, for CREATE program, which will help eight (8) local artists develop viable businesses through Duluth At Work. Operating Support Grants: $114,832 CCHC—$15,000 to help rehabilitate the 39-unit Memorial Park Apartments; preliminary predevelopment of supportive housing for either homeless youth or ex-offender reentry; completion of a strategic plan and continued involvement in At Home in Duluth. CHUM—$16,000 to assist with hiring a neighborhood outreach coordinator and continued involvement in At Home in Duluth. LPBG—$12,500 to implement business district and economic development aspects of the At Home in Duluth Lincoln Park neighborhood revitalization plan. NHS Duluth—$32,500 for coordination of At Home in Duluth and implementation of neighborhood revitalization plans in East Hillside, Central Hillside, Lincoln Park, and Morgan Park. Northern Communities Land Trust—$20,000 to assist with salary/fringe for executive director, assistant director, and housing development director. SVCNDA—$18,832 for coordination of At Home in Duluth in West Duluth and implementation of the neighborhood’s revitalization plan.   Total Direct Financial Assistance in 2009  $     326,880 Total Local Funds Invested to Date $10,862,023 LISC Affiliate – National Equity Fund (Tax Credit Financing) Invested $33,842,262 New Markets Tax Credits Invested $16,500,000 Total LISC Investment $61,204,285