LIFT was created on November 10, 2010, as a local community development intermediary to fill the void of scaled, comprehensive neighborhood redevelopment. LIFT acts as a clearinghouse that aggressively pursues sources of financial, human and intellectual capital. LIFT has an affiliate “emerging” Community Development Financial Institution (CDFI), or non-traditional bank, River City Capital Investment Corporation (River City).
Community LIFT was developed by The Greater Memphis Partnership (GMP)—consisting of the Community Foundation of Greater Memphis, The Assisi Foundation, CD Council and local community development leaders, National Bank of America Foundation, and the City of Memphis Division of Housing and Community Development.

GMN includes several major goals for community revitalization in Memphis:
