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Michigan LISC

Summary: Michigan LISC (PDF)

Building Sustainable Communities takes a holistic view of what makes neighborhoods healthy. So in Flint Mich., which has been stung by severe economic dislocation, we supported the Rowe Building for the new homes, businesses, amenities and jobs it would create. Rowe involved the redevelopment and re-use of three existing buildings to create 70,000 sq. ft. of mixed-use space. That includes two new restaurants, two floors of office space, and eight loft apartments. It also includes 250 jobs in an area with staggering unemployment. LISC allocated $6.9 million in New Markets Tax Credits to help fund the $22.7 million redevelopment effort, both for its direct impact and for the groundwork it helps to lay for further revitalization in the area.

Cumulative Statistics

  • $114,541,889
    in total investments
    (LISC and affiliates)
  • 5,380 affordable homes and apartments
  • 825,943 square feet of retail and community space
  • $436,390,383 leveraged

2009 Statistics

  • $7,531,301
    in total investments
    (LISC and affiliates)
  • 319 affordable homes and apartments
  • 126,101 square feet of retail and community space
  • $64,657,475 leveraged


Private Sector Support

  • Affordable Housing Partnership
  • Bank of America
  • Comerica Charitable Foundation
  • Community Economic Development Association of Michigan
  • Community Foundation of Greater Flint
  • Dyer-Ives Foundation
  • Federal Home Loan Bank of Indianapolis
  • Federal Reserve Bank of Chicago
  • Fifth Third Bank
  • Irving S. Gilmore Foundation
  • Grand Rapids Community Foundation
  • Huntington National Bank
  • Kalamazoo Community Foundation
  • Mercantile Bank of Michigan
  • Charles Stewart Mott Foundation
  • Ruth Mott Foundation
  • National City Bank (acquired by PNC Bank)
  • State Farm
  • Harold and Grace Upjohn Foundation

Public Sector Support

  • City of Ann Arbor
  • City of Kalamazoo
  • Corporation for National and Community Service
  • County of Washtenaw
  • Michigan State Housing Development Authority
  • U.S. Department of Housing and Urban Development