Kansas City LISC injects $6.9 million into KC neighborhoods in 2012

This Tuesday, the Kansas City Star reports on Greater Kansas City LISC's 2012 projects. The article quotes Julie Porter, KC LISC's Executive Director, as saying that 2012 was "one of our most productive years…we hope that it is a sign that new development in the urban core is on the upswing."

Community development agency directs $6.88 million to KC urban core

18 Dec 2012 - Diane Stafford, The Kansas City Star

Excerpt:

Greater Kansas City LISC said Tuesday that it has invested more than $6.88 million this year in urban redevelopment projects in Kansas City.

LISC is part of the Local Initiatives Support Corp., the nation's largest community development organization.

Julie Porter, executive director, said 2012 was “one of our most productive years of underwriting in several years, and we hope that it is a sign that new development in the urban core is on the upswing.”

The 2012 financing included:

  • A $3.59 million bridge loan to the Swope Corridor Renaissance Upper Room’s Summer Academic Camp. The program will allow more than 3,000 children in 30 locations to receive reading tutoring.
  • A loan of nearly $1.17 million to Swope Community Builders to complete tenant finishes to the Shops on Blue Parkway complex. The Missouri Department of Social Services will move into a 23,000-square-foot commercial space in the complex.
  • A $305,000 loan to Yarco/Catholic Charities for pre-development work on the St. Michael’s Veteran’s Campus. The loan will help build 58 units of residential housing for homeless veterans. Continued[+]...

> Read the full The Kansas City Star article.

> Visit the Greater Kansas City LISC website.

Article Type: Blog Post