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Op-Ed: Don’t Defund the Programs That Defend Affordable Housing

2.14.2019 - - LISC CEO Maurice A. Jones and Diane Yentel, CEO of the National Low Income Housing Coalition, make the imperative case for two key housing programs in an op-ed for Affordable Housing Finance. As a new nominee is poised to take charge of the Federal Housing Finance Agency, they write, we must absolut [...]

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What is LISC?

The Local Initiatives Support Corporation, known as LISC, is one of the largest organizations supporting projects to revitalize communities and bring greater economic opportunity to residents. These include more affordable housing, better schools, safer streets, growing businesses and programs that improve the financial outlook of people. We provide the capital, strategy and know-how to local partners to get this done. Our work impacts the lives of millions of Americans in both rural areas and urban centers across the country. See our reach as a national nonprofit and see how we work.

Grants
$1 billion
Loans
$3.8 billion
Equity
$13.7 billion
Since 1979
$18.6 billion
total investment
leading to
$56 billion
in total development
To Get To Prosperity, Affordable Housing Must Be Part of the Route

In an opinion piece for the Providence Journal, LISC Rhode Island ED Jeanne Cola stresses the need for a dedicated funding stream to alleviate the state’s affordable housing gap—a gap that is widening as fewer resources are funneled to housing solutions. Without such funding, she writes, “money spent on education, workforce training and economic development will not have the impact we hope it all will.”[...]

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