Financing
Services: New Markets Tax Credits
Contact: Tahirih Ziegler, Executive Director
Address: 202 W Superior St 401, Duluth, MN 55802
Phone: 218.727.7761
Email: tziegler@lisc.org
Website: https://www.lisc.org/duluth/
Description:Since 1980, Local Initiatives Support Corporation (LISC) has been the nation’s largest community development support organization. Opened in 1997, Duluth LISC has been an integral part of affordable housing and neighborhood revitalization providing financial tools, technical assistance, and policy support to Community Development Corporations (CDCs).
Since its founding, LISC has supported more than 2,800 CDCs, built or rehabilitated over 160,000 affordable homes, and created almost 25 million square feet of retail, community, and educational space. LISC has marshaled more than $6 billion from 3,100 investors, lenders, and donors for CDCs to use in planning and implementing projects, strengthening their organizations and leveraging another $14 billion in investment in low-income communities.
Locally, Duluth LISC has generated $61 million in leveraged funds from over 60 funding partners, resulting in 651 units of affordable housing and over 68,000 square feet of commercial/industrial space, generating over $7 to Duluth for every local dollar raised.
Duluth LISC manages “Creating Neighborhoods That Work At Home in Duluth”, a 23-member collaborative to revitalize Duluth’s core older neighborhoods. One of the key strategies is to re-energize commercial corridors to attract businesses and jobs. Since 2000 “Creating Neighborhoods That Work At Home in Duluth” has leveraged more than $39.1 million in resources toward plan development and implementation.
Local Initiatives Support Corporation serves the Northland, Arrowhead, Duluth MN Superior WI MSA, and St. Louis county areas.
