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Toledo LISC Leads the Charge to Curb Predatory Lending in Ohio

5.24.2017 - - Payday loans, with interest rates as high as 700 percent, drive low-income people deeper and deeper into poverty and suck resources out of local communities. To crack down on the high concentration of predatory lenders in Toledo, LISC helped push through a city zoning change that puts limits on payd [...]

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What is LISC?

The Local Initiatives Support Corporation, known as LISC, is one of the largest organizations in the country supporting projects to revitalize communities. These include more affordable housing, better schools, safer streets, growing businesses and programs improving financial stability. We provide the capital, strategy and know-how to local groups to get this done. As a result, more than five million Americans live in stronger, thriving communities. See our reach as a national nonprofit and see how we work.

1982:
$10 million
invested
1989:
$100 million
invested
2006:
$1 billion
invested
Since 1980
$17.3 billion
total invested
leading to
$52 billion
in total development
Data Draws a Line from Housing Policy to Economic Progress

Does investment in affordable housing support social and economic gains? The data certainly indicates that it does, says Chris Walker, LISC’s director of research. As part of our occasional series on community development research, Walker takes a closer look at studies that analyze the impact of the Low Income Housing Tax Credit. It's a compelling body of evidence that not only reflects decades of development work but informs current efforts to spur economic opportunity for low-income people acr [...]

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