2023 LISC Indianapolis Annual Report

6.26.2024 — LISC Stories

2023 WAS A PRETTY SPECIAL YEAR. So many forces came together to bring new energy and unprecedented funding to our work.

Federal ARPA dollars flowed into neighborhoods in the form of technical assistance for small businesses and food access. Pilot programs like the Vacant Lot Acquisition Fund and Healthy Bridges to Careers in Tech were created to address community needs. Local funders doubled down on investments for economic and workforce development. It was a “comeback year” for our communities after the prolonged challenges of the pandemic.

On a national scale, the LISC family of programs and affiliates deployed $2.4 billion to bridge gaps in health, wealth, and opportunity across the country last year. We financed more than 18,275 affordable homes and nearly 1.2 million square feet of commercial, educational, and community space, along with jobs and local services for tens of thousands of people.

The way we design the strategies behind those numbers is also important. We draw on data, decades of experience, and crucially, the voices of communities themselves to identify how, where, and why gaps persist and what approaches work best to address them.

In Indianapolis, LISC invested more than $10 million in local neighborhoods. We provided nearly $2.2M in loan financing and $6.9M in program grants. LISC Indianapolis staff assisted 40 community-based organizations in a combined effort to build and transform 306,538 square feet of commercial space.