Greater Kansas City LISC, part of the nation’s largest community development organization, reported more than $9.7 million in grants, contracts and loans in 2013. The transactions, which supported urban redevelopment projects and programs, represented a 40 percent percent increase from the organization’s 2012 investment of $6.9 million.
“These investments represent our strong commitment to Kansas City neighborhoods and their future,” Stephen Samuels, Greater Kansas City LISC executive director, said in a release. “In many cases, the grants provide for stable employment and critical operational expenses that are difficult to come by. In addition, the loans support programs and projects that would not be possible without our funding, and yet, they are the foundation to revitalizing neighborhoods.”
LISC approved four significant loans in 2013, totaling $8.6 million — the highest annual total LISC has approved since it opened in Kansas City in 1981.