The Duluth Local Initiatives Support Corporation (Duluth LISC) coordinates an Employer-Assisted Housing effort in several neighborhoods of Duluth.
The Hillside Home-ownership Incentive Program is a partnership between Duluth LISC, local non-profits, GMHF, lenders, and Duluth employers that is designed to make the Central Hillside, East Hillside, and Lincoln Park neighborhoods safe and affordable places to live and work. The goals of the program are to promote home-ownership opportunities for low- and moderate-income employees close to where they work and to help revitalize the areas by upgrading dilapidated housing and promoting stable, secure neighborhoods.
Duluth LISC secured commitments of more than $220,000 from local employers willing to participate in the program. Local employers and LISC provide forgivable downpayment loans to employees of neighborhood businesses. The employer dollars that benefit low-income households are matched by GMHF grants of up to $2,000 per family, up to a maximum of $150,000 for the program. As a result of this partnership, qualified employees have up to $4,000 available to them for the down payment on a home in the neighborhood. Non-profit organizations administering the program connect homebuyers with available rehab funds through existing programs.