Grants
TYPES OF FUNDING
- PLANNING GRANTS – Generally awarded when used for efforts that are broader than a single project and where the cost cannot be recouped by any one project. “Visioning” or strategic planning, physical planning, physical plans, quality of life plans and regional plans fall in this category. Average grant size is 10,000 to $15,000.
- FEASIBILITY GRANTS – Awarded to cover expenses associated with testing whether development of a particular project is feasible. These include market studies, land use plans, financial analyses or other activities necessary to determine viability of a proposed project.
- RECOVERABLE GRANTS – Average grant size is $25,000. If the project proceeds to development, the grant is repaid in full to LISC at construction closing. If the project does not proceed for reasons that LISC considers legitimate, the action becomes a grant and repayment is no longer required.
- ORGANIZATIONAL DEVELOPMENT GRANTS – Awarded to assist community organizations with improving their administrative structures, management and financial systems and real estate development and management capacities. Grants up to $10,000.
- STRATEGIC GRANTS – Awarded to cover costs associated with the creation of new programs that are important to an organization’s overall mission and needs of the community’s residents. Grants up to $10,000.
- COMPREHENSIVE DEVELOPMENT – Awarded to assist community organizations in community building efforts such as public safety, job readiness training, health care and education.
HOW DO I APPLY?
Grants are processed on a quarterly bases. Listed below is the deadlines for the remainder of 2004:
Third Quarter
July 27 - Deadline for submitting grant request
August 17 - Reviewed by Loan Committee
Eligibility
- Organization must have a 501 (C) (3) status - Organization and project must be supported by the community. The project should be a community building activity for the neighborhood.
- Organization must be in good standing with the State of Arizona and the project must be in the Phoenix metro area.
- Organization is also required to submit Audited Financial Reports showing that the applicant’s fiscal condition is sound.
Application Process
Please fill out the LISC Grants Application, click here for application [MS Word Document]. When you have completed the application mail to:
Attn: Ruth Osuna
LISC Phoenix
111 W. Monroe, Suite 1610
Phoenix, AZ 85003