Make more Paseo Verdes possible – Preserve Housing and New Markets Tax Credits!
Paseo Verde is a dream come true for the hundreds of Philadelphians who live there. Matt Josephs, LISC's senior vice president for policy, writes about the newly opened mixed-use development which is affordable, located near transit and LEED-ND certified. It is also a capstone of redevelopment in Eastern North Philadelphia. But this dream could never have come true without the support of federal Low Income Housing and New Markets Tax Credits. As Washington contemplates sweeping tax reforms, it’s up to us to make sure that Congress knows how important it is to preserve the tax credits that make projects like Paseo Verde possible. More[+]...
LISC's Levine named one of nation's top lawyers
Michael Levine, LISC’s general counsel since 1986, has been named to The National Law Journal’s list of “America’s 50 Outstanding General Counsel.” Singling him out for his innovation and commitment to pro bono work, the prestigious legal journal noted that Levine “considers himself a ‘yes’ lawyer, not a ‘no’ lawyer,” and that his job is “to make the mission real on the ground.” Levine, who was an associate at Simpson, Thacher and Bartlett after graduating from Cornell Law School, was the only general counsel from a 501(c)(3) charitable organization named to the list. More[+]...
Foreclosed homes become opportunity for Chicago families
On Chicago's Southwest side—in a community ripe for turnaround—a unique purchase-and-rehab program is providing the push neighbors need to deal with the lingering effects of the foreclosure crisis. It combines public money with private loans to rehab homes and works with community-based organizations to identify and educate potential homeowners. "This is about developing homeowners as well as developing buildings," explains one local leader. More[+]...
