Expanding the Rural LISC Toolkit

Rural LISC GRANT TOOLS

RURAL LISC GRANT FUNDING Capacity Building Grants Available to All Program and Development Partners Average Grant is $35,000 for Two Year Grant Period Includes Seminar Travel Scholarship Funds Primary Purpose Is to Increase CDC Capacity A Full Grant Application and Related Documentation Is Required Awarded Through a Competitive Process with 1:1 Match Requirement CDCs Needs to Meet Government Grant Monitoring and Compliance Requirements. Quarterly Financial and Semi-Annual Grant Reporting Required

RURAL LISC GRANT FUNDING Healthy Housing Grants Available to All Partners; One Year Grants Limited Funding; Average Grant is $17,500 Funded by Private or Government Funds Type of Grant Purpose/Use New Construction; Rehabilitation of Existing Structures Manufacturing Housing Housing Counseling; Providing Healthy Environments

RURAL LISC GRANT FUNDING Cohesive Economic Development and Arts and Culture Grants Available to All Partners; One Year Grants Limited Funding; Average Grant is $12,500 Type of Grant Purpose/Use Community Cultural Development Physical Transformation in Culturally Relevant Ways Formation of Arts and Cultural Economic Clusters Other Small Grants Network Partner Seminar Scholarship Grants and Other Small Grants for Pre- Approved Training Events Need Based Grants, Usually Awarded When a Natural Disaster or Emergency Declared

RURAL LISC GRANT FUNDING Project Investments (Repayable Investments) Repayable Investments (RIs) can be used for predevelopment expenses related to physical development including housing, commercial and community facilities. These projects can be new developments, rehab and renovation. Eligible expenses include feasibility and market studies, environmental and engineering work, zoning requests, preliminary cost estimates, preparation of funding and loan applications (LIHTC, NMTC, CDBG, HOME, FHLB, etc.), preparation of projections, surveys, appraisals, and other third-party predevelopment expenses. Funds are limited and will be awarded on a competitive basis. RI application is required, including a project budget. RIs are usually between $15,000 and $20,000 with a maturity (repayment) date of 18 months from the first disbursement date. A larger amount may Be awarded depending on the high need, persistent poverty or distressed locations.

RURAL LISC GRANT FUNDING Grant Monitoring and Compliance Disbursement Financial Form and Backup Documentation Allowable and Unallowable Costs Time and Effort Keeping Accounting System and Chart of Accounts Semi-Annual Grant Narrative Reports Program Staff Site Visit and/or Desk Audit Reports CDC Reference Guide for CDCs Administering Section 4 Awards and other Federal Funds

RURAL LISC LOAN TOOLS

LISC IMPACT

RURAL LISC LOAN FUNDING Predevelopment Loans Acquisition Loans Construction Loans Bridge Loans Permanent and Mini-Permanent Loans Other: State or Local Funds via LISC

Rental Housing PROJECT TYPES For Sale Housing (subdivision/infrastructure development and/or homes) Commercial and Mixed Use Development Nonprofit and Community Facilities (health centers, child care, charter schools, etc.) Supermarkets Small Businesses (primarily through affiliates)

RURAL LISC LOAN FUNDING, CONT.

Local Programs and Partnerships California Louisiana Others

Project Examples

Comité De Bien Estar (San Luis, AZ) $3.5 million loan (with a Participant) Infrastructure construction for 130 Self-Help lots in a new subdivision LISC proceeds will be repaid from sale of lots to Self Help Housing program participants over the next 3+ years

Keystone Health Care Development (Lewistown, PA) $9.5 million leverage loan for a NMTCs transaction (with 2 Participants) 46,000 sf new building to house an expanding Federally Qualified Health Center (FQHC) and other medical uses 7 year, mini-perm loan

Mason County Health Department/ Prairieland Council (Manito, IL) 48 bed assisted living and memory care facility 3,500 sf medical office space (rural health clinic) $600,000 2 nd position loan 48 month term Repayment through a HUD insured 232/223(f) refinance loan

Community Housing Improvement Systems and Planning Association Inc. (CHISPA) (Hollister, CA) Line Street Apartments 49 unit LIHTC development $250,000 predevelopment loan Unsecured 3.5% interest rate

What s New? Better Terms! Longer term capital up to 20 years Lower rates for some projects (shorter term loans, <5 years) and project types (community facilities, affordable rental with deep income targeting), and locations.

New Tools! Community Facilities Relending: long term (30 years) fixed rate capital 4.5 5.5% for eligible community facilities Growing Rural Communities Fund: 2% loan fund for eligible projects

LISC SUBSIDIARIES

Other New RURAL LISC Programs and Tools

Financial Opportunity Centers

Financial Opportunity Centers (FOCs) Problem: A Job Alone is Not Enough

Financial Opportunity Centers (FOCs) Solution: Integrated Delivery of 3 core Financial Stability Services Employment Services One-on-one career coaching Job readiness Access to education/training Income Support Services SNAP, WIC, LIHEAP, etc. Affordable housing resources VITA/EITC Financial Services One-on-one financial coaching Credit building Connection to mainstream financial products

Financial Opportunity Centers (FOCs) Scale and Success Large national network of LISC partner CBOs (80+ in 30+ regions) operating the FOC model Data-driven, evidence-based, nationally-recognized 12+ years of experience, lessons learned Focus on long-term financial stability (job placement/retention/growth, net income, net worth, credit score) Improved outcomes for FOC participants receiving bundle of core services vs. individual service alone

Financial Opportunity Centers (FOCs) Rural Expansion and Innovation Existing family financial stability expertise in Rural LISC network First rural FOC at Fayette County Community Action Agency Garrett County Community Action Committee operating similar integrated service model Potential for FOC adoption by additional rural CDCs Rural LISC Mobile FOC pilot in Appalachia (target launch date 2018) Implementing with Strategic Partner Fahe Roving coach traveling between smaller satellite sites in a large geographic region Incorporation of virtual coaching (Skype, phone, etc.) in addition to in-person sessions Potential for replication in similar regions

ACT for Rural America (Addiction Care and Treatment)

ACT for Rural America (Addiction Care and Treatment) A community-driven approach to formulate solutions that engage rural communities LISC, with support from national, regional and local foundation partners, is leveraging its national Rural, Health, and Safety Initiatives to address the public health crisis of drug abuse in rural America. THEORY OF CHANGE: Research shows that with the availability of substance abuse treatment facilities in local or regional rural communities, coupled with community, and police engagement and education, short- and long-term solutions are realized.

ACT for Rural America (Addiction Care and Treatment) A community-driven approach to formulate solutions that engage rural communities OUR APPROACH: LISC will support rural communities and nonprofit organizations that are implementing evidenced-based programs to treat substance abuse, build competencies, improve family functioning, and facilitate community and police strategic problem-solving. LISC will undertake pilots in up to three geographic rural regions, and through the lessons learned in the ACT for Rural pilots, nationally deploy the tested approaches.

ACT for Rural America (Addiction Care and Treatment) A community-driven approach to formulate solutions that engage rural communities STATISTICALLY SPEAKING: 52,404 people died of a drug overdose in the US in 2015. 20,101 on prescription pain relievers and 12,990 on heroin. In 2015, deaths from heroin alone surpassed gun homicides. Drug-related deaths are 45% higher in rural areas. 82% of all rural residents live in a county without a treatment facility. Est. of costs to address crisis exceed $55 billion annually.

ACT for Rural America (Addiction Care and Treatment) a community-driven approach to formulate solutions that engage rural communities With support from key funders, ACT for Rural America will: Accelerate the physical development of treatment facilities in rural communities. Leveraging a $20 million USDA Community Facilities Development award and existing Uplift America and HUD Section 4 grants. Facilitate relationships with Federally Qualified Health Centers (FQHC), Mental Health Agencies, community hospitals and other potential substance-abuse facility operators. Facilitate community-driven, multi-disciplinary partnerships to maximize impact and local assets.

LISC Sports & Recreation Overview National LISC program Leverages partnerships with pro sports, sports-related companies to create youth and community recreation spaces NFL Foundation Grassroots Program Sports & Recreation continuing to develop programs and cultivate new partnerships Rural LISC advocates for inclusion of rural communities

LISC Sports & Recreation Current Opportunity: NFL Foundation Grassroots RFP Two levels of matching grants available: $50K for gen. field support (lights, bleachers, scoreboard, etc.) $100-$250K for installation of grass or synthetic turf fields See RFP for requirements and eligible communities (not all NFL markets in RFP include a rural footprint) RFP online at http://www.lisc.org/ourinitiatives/health/sports-recreation/nfl-foundationgrassroots-program/ Rural LISC POs will also reach out

Rural LISC AmeriCorps Program

Purpose Rural LISC launched a Rural AmeriCorps program to help build capacity within Rural communities. Our members work with CDCs to better provide for disaster response, volunteer management, financial literacy, community mapping, and rapidly attaching vulnerable families to housing and social services. Rural LISC provided match assistance in the amount of $88,000 to eleven Rural LISC Network Partners for twelve AmeriCorps Members to be placed in Rural America.

Sites Included: Delta Community Development Law Center (Central Arkansas) Mississippi Action for Community Education (Mississippi Delta) Mercy Housing (Mississippi Gulf Coast) Pearl River Valley Opportunity, Inc. (Mississippi Pine Belt) Self Help Enterprise (California s San Joaquin Valley) Human Development Resource Council of District IX (Montana) Community Development Corporation of Southern Berkshire (Rural Massachusetts) Homestead Affordable Housing (Kansas) Northern Florida Educational Development Corporation ( Florida Panhandle) Pathfinder Services Inc. (Indiana) Northern Initiatives (Michigan)

Kentucky Highlands Investment Corp. Recycling Our Old Trailer Sites (ROOTS) Initiative ROOTs will drastically improve the living conditions of people living in unfit, outdated manufactured homes and mobile homes by decommissioning these homes and replacing them with permanent, energy efficient, affordable homes. Rural LISC provided $35,825 in grants as part of its 2016 and 2017 Healthy Housing Initiatives to support Kentucky Highlands capacity to develop this initiative.

Kentucky Highlands Investment Corp. Recycling Our Old Trailer Sites (ROOTS) Initiative With Rural LISC s support, ROOTS is Identifying and decommissioning 3-5 inadequate manufactured homes, recycling and properly disposing of materials, and replacing them with energy efficient homes with affordable financing packages Increasing neighborhood stability, improve streetscapes and reduce slum and blight Igniting a big change for better housing in Appalachia Before After

Federation of Appalachian Housing Enterprises Community Housing and Economic Fellowship (CHEF) CHEF recruits and trains eight graduate students within the region and three Members through a 12-week residency on the ground in Appalachia that provides students with practical experiences related to community development policy and practices. Rural LISC provided a $50,000 grant to support training and career development, and the implementation of a comprehensive community plan

Federation of Appalachian Housing Enterprises Community Housing and Economic Fellowship (CHEF) With Rural LISC s support, CHEF is Providing eight students with opportunities to develop skills and learn firsthand about issues and policies affecting affordable housing and economic development in central Appalachia, along with job training and placement Retaining talent in rural Appalachia

NATIONAL LISC PROGRAMS ACCESS Economic Development NFL & NBA Recreational Facilities Funding Education/Charter Schools Family Income & Wealth Creation FOCs Creative Placemaking AmeriCorps Community Safety Initiative (CSI) Healthy Foods, Community Health & Children s Facilities

Questions and Discussion

Envision the Possibilities Learn More www.lisc.org/rural Rural LISC 402 US Hwy 50 W, Fowler, CO 81039 719-263-4505 1825 K St NW, Suite 1100, Washington, DC 20006 202-785-2908 Follow us on Facebook + Twitter www.lisc.org/rural