Maximizing Your Investment How non-profit intermediaries can help you make safer socially responsible investments October 14, 2009 Janet Ozarchuk Vice.

Maximizing Your Investment

How non-profit intermediaries can help you make safer socially responsible investments

October 14, 2009Janet OzarchukVice President and Treasurer

LISC is a Partner and Catalyst for Community Improvement

LISC By the Numbers

Since 1980, LISC Has Worked With Over 2,800 Non-Profit Community-Based Organizations and Invested $9 Billion Which Has Leveraged $28.2 Billion in Total Development.

• 244,755 affordable homes and apartments

• 36 million square feet of retail & community space

• 113 schools financed for 46,805 students

• 154 child care facilities supported for 16,000 children

• 205 playing fields renovated for 410,000 kids

LISC Has Received $138 Million in PRIs From 28 Foundations

Types of Loans

Predevelopment

Acquisition

Bridge Financing

Construction

Mini-Perm

Permanent

Working Capital

Housing

Multi-family rental Single family for saleSupportive housing – homeless seniors/veterans/etc.Artist live/work space

Community FacilitiesCharter schoolsDay care facilitiesRecreational facilitiesJob training facilitiesArtistic facilities

Commercial FacilitiesMain street corridorsSupermarketsMercadosCredit unionsMedical offices

Green Development

A PRI Helped LISC Attract and Leverage Additional Funds for Charter School

Facilities$10MM Foundation

PRI at 0%

$10MM Foundation PRI at 0%

$20MM Insurance Company Loan at 4.25%

$5MM LISC at 6.00%

$36MM Loan Fund

$20MMLoan Fund

$15MM Loan Fund

$1.7MM Loan Fund

$21MMLoan Fund

$31.4MM Loan Fund

$9.2MM Loan Fund

$35MM Loan Fund

$19.3MM Loan Fund

$15MM Loan Fund

$10MM

$35MM

$204MM

67 Charter Schools

A $1.5 million PRI Has Funded Over $3.2 million in Loans

Loan TypeAmount of Loan Project$200,000 Predevelopment Development of a highly visible vacant lot into 51 units for singles and families with on site supportive

services.$450,000 Acquisition Purchase of 6 vacant lots to be developed into 36 units in 10 town home style buildings in three

locations.$200,000 Predevelopment Redevelopment of a church into a family support center.$350,000 Acquisition Acquisition of a vacant lot and a deteriorated corner building to rehab into medical offices.$345,593 Acquisition & Rehabilitation Rehabilitation of 12 severely deteriorated single family homes.$43,490 Acquisition & Rehabilitation Development of 6 single family homes using lease to purchase.

$300,000 Predevelopment New construction of 1,090 rental and 1,351 for sale housing units; 45,000 sq.ft. of retail space.$77,931 Predevelopment 60 unit seniors' residential facility next to their church.

$1,000,000 Predevelopment 3 for sale projects; 3 rental projects, 1 retail project.$100,000 Predevelopment Redevelopment of 183 for sale and 325 rental units.$191,573 Acquisition Building was of historic significance to the African American community and on the National Register

of Historic Buildings. Renovated to 1 floor of retail space and three floors of office space.

$3,258,587

300,000.00 Predevelopment Part of a $1 million loan.New construction of 1,090 rental and 1,351 for sale housing units; 45,000 sq.ft of retail space.Total development cost: $37 million.

Advantages of Lending to an Intermediary

• Lend to specific identified projects that match the Foundation’s charitable purposes.

• Look to the intermediary for repayment of the PRI, NOT the project.

• Intermediary can accumulate and concentrate investment dollars in target locations to leverage the amount and types of projects to maximizeneighborhood impact.

PRI Providers are LISC’s Most Valued Partners

• Socially responsible capital

• Attractive financing terms

• “All Weather” participants

Thank You for Your Interest