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Our Mission: To build the
capacity of resident led rural community development corporations (CDCs), increase their
production and impact, demonstrate the value of investing in and through rural CDCs, and
make the resource and policy environment more supportive of rural CDCs and their work.
Program: Rural LISC is
committed to: provide 70 CDC Partners with training, technical and financial support;
reach these and more than 1,600 other rural CDCs, plus funders and lenders, with
information; and forge alliances among rural CDCs, funders, lenders and policy makers to
build support for Partner and other rural CDCs. [Browse
through our scrapbook featuring five Partner CDCs].
Date Established: April, 1995 (first Partner CDCs selected
August, 1995)
Geographic Reach: Partner CDCs in 38 states
Governance: A 25 member Rural LISC Advisory Committee composed of
donor, lender and Partner CDC representatives, plus other rural CDC supporters.
Public members do not vote (Rural Advisory Committee and Rural
LISC's Staff).
Resource
Mobilization Goals:
Grants and Loans:
1995-1999 -- $39 million
2000-2003 -- $56 million
In sum, 1995-2003 -- $95 million |
Resources Mobilized: (as of 8/2/02)
Grants and Loans:
1995-1999 -- $53 million
2000-To Date -- $39.5 million
In sum, 1995-To Date -- $92.5 million |
Equity and Bridge Financing:
1995-1999 -- $69 million
2000-2003 -- $139 million
In sum, 1995-2003 -- $208 million |
Equity and Bridge Financing:
1995-1999 -- $194 million
2000-To Date -- $80 million
In sum, 1995-To Date -- $274 million |
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Sources: LISC, including LISC affiliated National Equity Fund and LIMAC, plus 36 private
and four public partners. |
Resources Invested, Matched and Leveraged (as of
8/2/02):
- More than $342.85 million invested in and through Partner CDCs, including
some $9.63 million in capacity building grants, $3.02 million in project related grants
and recoverable grants, $56.2 million in low cost loans and loan guarantees, plus $274
million invested by LISC affiliates.
- Sponsorship initiative to help Partners secure new capacity building
resources, resulting in $40.2 million in matching funds raised by CDCs through 393
separate "Sponsorships."
- More than $508 million leveraged in financing for LISC supported
developments.
- Two groundbreaking public/private partnerships, one for homeownership
(the Rural Home Loan Partnership),
and one for child care facilities, involving some 267 CDCs producing 4,329 homes and seven
CDCs developing nine child care facilities.
Production
Goals:
Affordable Homes:
1995-1999 -- 2,000 homes
2000-2003 -- 4,100 homes
In sum, 1995-2003 -- 6,100 homes |
Production
Results: (as of 8/2/02)
Affordable Homes:
1995-1999 -- 4,304 homes
2000-To Date -- 4,564 homes
In sum, 1995-To Date -- 8,868 homes |
Commercial, Industrial & Community Facilities:
1995-1999 -- 250,000 square feet
2000-2003 -- 500,000 square feet
In sum, 1995-2003 -- 750,000 square feet |
Commercial, Industrial & Community Facilities:
1995-1999 -- 702,000 square feet
2000-To Date -- 335,000 square feet
In sum, 1995-To Date -- 1,037,000 square feet |
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Small Businesses Assisted / Jobs Created:
In sum, 1995-To Date -- 162 businesses/2,342 jobs
Child Care Facilities:
In sum, 1995-To Date -- 11 centers/693 children |
Technical Assistance, Training and
Information:
- Technical assistance to 70 CDCs, involving some 236 developments financed by Rural LISC.
- 11 national training Seminars for Partner CDCs.
- Six Asset Management trainings for Partner and other rural CDCs, plus 24 Regional
Workshop trainings, for a total of nearly 1,850 participants, including rural CDC leaders,
private funders and lenders and government officials.
- 21 regional Rural Home Loan Partnership trainings for rural CDCs and USDA officials,
attended by an average 100 participants each, on affordable homeownership development.
- Rural Developments, the first newsletter dedicated to rural CDCs, circulation
6,000.
- Rural LISC web site at www.ruralisc.org.
- Regular updates on funding and financing opportunities, training and other resources and
issues to 1,650+ member Rural Community Developers Network.
Supporters:
Rural LISC Supporters (click to view a list of our
supporters)
Stand Up for Rural America Campaign Activities:
- Coordinating and staffing national coalition effort to help rural CDCs gain the
resources and policy support their work deserves.
- Recruiting 750 sponsor organizations from 49 states.
- Organizing Steering Committee of 35, chaired by Group Vice President, Federal Home Loan
Bank of Atlanta.
- Publishing and distributing first "Directory of Rural Community Developers,"
containing results from a comprehensive survey of 1,079 rural CDCs, plus lists and maps of
survey respondents (available at: www.ruralamerica.org).
- Commissioning and distributing 24 minute Appalshop produced, award winning Video,
"Rural Communities Creating Opportunity," and companion Photo Exhibit showing
how rural CDCs change peoples' lives.
- Supporting State Stand Up Days in CA, CO, IA, MD, ME, MO, MS, NE, NM, NY, OR and TX.
- Helping start and participating in Rural Funders Working Group.
- Advocating for additional private investment and funding for the Rural Community
Development Initiative (RCDI) in USDA.
- Publishing bi-weekly "Rural Community Developers Network Reporter,"
distributed to some 1,650+ rural CDCs.
- Conducting survey of 4,000 rural organizations to determine the future of the Network
and update the on-line Directory, and publishing "Working and Networking: The 2001
Survey of Rural Community Developers." Results being used to update online
"Directory of Rural Community Developers," with entries for a total of 1,385
CDCs.
- Commissioning "A Place in the Country," a one hour Center for Rural Strategies
documentary on rural conditions and trends, and how community developers are creating
opportunities, a companion publication, and "Rural Communities: Helping the Country
Work," a related Photo Exhibit.
Stand up for Rural America Campaign Outcomes:
- $18 million for the Rural Community Development Initiative (RCDI) in USDA -- funding for
its first nonprofit capacity building program.
- The 280+ Rural Funders Working Group in the Council of Foundations Neighborhood Funders
Group, sponsoring events, publishing a newsletter, operating a listserv and having
launched the $100 million National Rural Funders Collaborative, first grants made this
year.
- Some $25 billion in private capital for rural community development invested by Bank of
America, Fannie Mae, Freddie Mac and LISC's National Equity Fund.
- A 1,650+ member Rural Community Developers Network, organized to serve and represent all
rural community based developers, receiving regular information.
- House leaders from both sides of the aisle reviving the Congressional Rural Caucus, with 141 House
Members recruited to date (63 recruited with help from rural CDCs).
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Read about how individuals and community developers are
working together to overcome the unique challenges facing rural America in
Unharvested Bounty.
To view the document (993KB), just click on the image or on the Unharvested Bounty link. You will need the free Adobe Acrobat Reader (if
you do not have it installed in your computer, follow this link to download). |
For further information, contact Tracy Clayton at: 1825 K Street, NW,
Suite 1100, Washington, DC 20006; 202-739-9283; or email: info@ruralamerica.org |
