Annual Reports
LISC 2008 Annual Report
Virtually no one foresaw the upheaval in the global economy that occurred over the course of 2008, or the effect it would have on the neighborhoods and rural communities in which we work. Even in these very challenging times, LISC continued to successfully implement our Building Sustainable Communities strategy. In 2008, we provided $826 million in equity, grants and loans to community-based organizations and their wide-ranging efforts to revitalize their neighborhoods. Over 15,000 homes, 4 million square feet of retail and community space, 18 schools for over 8,800 students, nine early-learning facilities serving nearly 700 children, and 15 playing fields used by over 30,000 young people are a result of that investment. It was a remarkable effort in a difficult environment.
Over the course of the year, more neighborhoods and partners joined us in our Building Sustainable Communities work, which led to more innovative projects and programs. Our 2008 annual report focuses on these new connections, and how they are integral to implementing our Building Sustainable Communities strategy.
> Download the report (PDF, 3.15 MB)
LISC 2007 Annual Report
Over the course of 2007, LISC supplied a record amount of grants, loans and equity investments to build and preserve 20,400 affordable homes and apartments and develop more than 3 million square feet of retail, educational and community space.
But these numbers don’t tell the full story. LISC's Building Sustainable Communities strategy leverages that investment, attracting both financial and intellectual capital to support a broad array programs and projects. This requires reaching out to new partners as a part of a logical plan to make sure the investment is viable over the long term - economically, environmentally and socially.
The 2007 Annual Report provides examples of LISC's Building Sustainable Communities strategy at work in four different and distinct locations across the country: Chicago; McDowell County, W.Va.; San Diego County; and Washington, D.C. Each has its own local set of partners, its own culture and a range of unique local challenges.
> Download the report (PDF, 3.18 MB)
LISC 2006 Annual Report
This past year was LISC's most productive ever. For the first time in our history, we invested over $1 billion in America's low-income communities. In short, we are now working with more partners to produce scale, impact and results in more ways, in greater volume, in more places, and for more people than ever before. But this is only part of the story.
This past year also witnessed the development of our new strategic plan for Building Sustainable Communities. We define Sustainable Communities as those places where we and our local partners are actively engaged in pursuing five fundamental program goals: expanding investment in housing and other real estate; increasing family income and wealth; stimulating economic activity and connecting neighborhoods and residents to the mainstream economy; improving access to quality education; and supporting healthy environments and lifestyles. This report describes each of these goals more fully and provide examples of how they are being addressed in varied settings throughout the LISC network.
> Download the report (PDF, 2.72 MB)
LISC 2005 Annual Report
Through many of LISC’s first 25 years, the questions we confronted were most often about whether community development would achieve something significant: Could coalitions of rank-and-file residents really make a difference against economic forces that seemed mostly regional, national, or (increasingly) international in scope? Could community organizations accomplish anything big enough to change the fundamentals of local life? By 2005, those basic doubts had been largely answered. Among other things, the sheer volume of production and investment by community development corporations (CDCs) had worked to dispel questions of “will it amount to anything?” In 2005 alone, for example, LISC invested almost $940 million in residential and commercial development through 33 state and local programs, and rural CDCs in 37 states. We also supported the construction or renovation of 18,000 affordable homes and apartments.
> Download the report (PDF, 2.3 MB)
LISC 2004 Annual Report
LISC celebrated its 25th anniversary in 2004 with a great deal of excitement and satisfaction, not only for the work we had done since 1980, but for what we could accomplish in the years ahead as we focused on the broader effort to create healthy communities, both in urban neighborhoods and rural communities. LISC's 2004 efforts speak volumes about what community development really means. LISC had more program activity in more places touching more people than in any year in our history. Specifically, we provided over $720 million in grants, loans and equity investments to community development organizations nationwide. We raised $63 million in new private contributions and posted consolidated net assets of approximately $142 million. These were record numbers for us.
> Download the report (PDF, 1.45 MB)