A Study of Two Americas—and How to Bring Them Closer
4.16.2018 - LISC StoriesCommunity Wise Blog - A new study on race and economic mobility in the United States by economists Raj Chetty and Nathaniel Hendren stresses the role that neighborhoods can play in closing the country’s yawning, race-based opportunity gap. In the blog that follows, David Greenberg, LISC’s new director of Research and Eva [...]
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
$1 billion
Loans
$3.8 billion
$3.8 billion
Equity
$13.7 billion
$13.7 billion
Since 1980
$18.6 billion
total investment
$18.6 billion
total investment
leading to
$56 billion
in total development
$56 billion
in total development
Community Wise
LISC, Duke Collaborate to Boost Financial Coaching
At LISC, we are always looking at what works to spur economic opportunity and strengthen neighborhoods. That’s why we teamed up with Duke University’s Common Cents Lab to find out what motivates people to engage in long-term coaching relationships at our Financial Opportunity Centers. LISC’s Laura D’Alessandro talks about what we learned and what it means for our efforts to help people build a stronger financial future.[...]
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Thank you @LISC_DC for inviting us all to join in on the wonderful celebration of the life and legacy of Oramenta Newsome!!
Tune in to @CityofSanDiego City TV to watch Kwofi talk to the Smart Growth & Land Use Committee https://t.co/wvuR72noMC
How do we change the question we ask from: What's wrong with you? to What happened to you?
Learning about… https://t.co/HBnIkKjSLo
Learning about good, bad, and toxic stress with Community Connectors. What is stressful for us? What is stressful f… https://t.co/zFmOSOTdqO
Thanks @NKCDC@Impact_KandA for sharing what you are learning around #traumainformed approaches to community develo… https://t.co/VtpxZHw5oV
Are you an organization that demonstrates long-standing commitment to our community, a project that contributes to… https://t.co/21ZWiqhsDv
Excited to welcome Sarah Allan who flew in all the way from @TTownLISC to share about LISC’s new partnership w/… https://t.co/UZOs5aKxnG
Excited to work with you in this space! Thanks to @nys_health Foundation for funding planning work w/ @MaketheRoadNY… https://t.co/K0O2UPf002
Funded by Medicaid DSRIP One City Health @NYCHealthSystem! https://t.co/KqUKD3mo3Z
Enjoy our discussion of how to Address the Opportunity Gap #LiveAtUrban? You can catch up on the event's twitter hi… https://t.co/OgZxjhmUDR
Reduced asthma triggers, reduced pests & reduced costs are just a few of the key outcomes tenants and CDC staff hav… https://t.co/swOwWe8rqj
Closing remarks from @urbaninstitute:
Macroeconomic factors are changing fast.
#OpportunityZone maps are coming o… https://t.co/2ct3fRZKW7
A from @kenner_brian: Business owners in DC are excited for #OpportunityZones. If it starts as real estate investme… https://t.co/d2Nu8E2SK9
Q from audience: What investments will be promoted by #OpportunityZones?
#LiveAtUrbanhttps://t.co/P0gStVX3q1
Q from audience: Will outside land speculators and landlords capture the value in #OpportunityZones and use it to raise rents? #LiveAtUrban
Q from a #Livestream viewer: Can you use #OpportunityZones funds for an org with a HQ in the OZ but with operations… https://t.co/FvM4DjCi82
#OpportunityZones by themselves won't stop displacement. We'll have to bring outside tools to those communities lik… https://t.co/D6Mi3dPrwg
Question from the audience: How do you balance investment with preventing displacement in #OpportunityZones?… https://t.co/OgfTn1071K
One of the #OpportunityZone legislation goals is to get new investors in, including #HNWI and #ImpInv. - @LISC_Policy#LiveAtUrban
Learn more about the #CNDA24@ChiTrust Outstanding Community Plan Award winner @POAHCommunities Chicago for Woodlaw… https://t.co/TGBTqJVgPF
Two Shades of Green dispells myth that greener buildings are more expensive. Green cleaning & energy/water efficien… https://t.co/d2jPafVTYN
Two Shades of Green dispells myth that greener buildings are more expensive. Green cleaning & energy/water efficien… https://t.co/d2jPafVTYN
Want to get some more perspective on where to designate #OpportunityZones? Hear from @RipRapson and @LISCMaurice in… https://t.co/VoB2ocNMIQ
Balancing needs vs. opportunities in designating #opportunityzones will need to take place at the state and local l… https://t.co/G31qTzptkV
Every jurisdiction creating #opportunityzones has to struggle with the tension between neighborhoods with that need… https://t.co/lFhzZFwExA
How do you find census tracts with the need and the opportunity for #OpportunityZones? -Jane Campbell #LiveAtUrban
I'm in the business of getting things to places where they are not. But communities are concerned
1. That they lac… https://t.co/ELFmqOdSUl
DC is a high-cost city, but it's also a high-amenity city. #AffordableHousing is the #1 issue. - @kenner_brian… https://t.co/aOW4qTg6Jz
The tools we've got have been effective. The rural empowerment zone reduced poverty by 21%. The promise zone increa… https://t.co/pnieASyyNU
Let's get some stories from the real world. Jerry Rickett and the Kentucky Highlands Investment Corporation uses th… https://t.co/8Bc3FFwMrX
There were tremendous opportunity costs lost in #TCJA that could have promoted investment in #AffordableHousing and… https://t.co/lnTLT6KhJo
#TCJA could have been a lot worse. It preserved #LIHTC and #PrivateActivityBonds.
However, lowering the corporate… https://t.co/kb2kGFU44d
#TaxCredits will mean less under #TCJA. Will probably see changes to state and local #TaxCredits. - @taxfox#LiveAtUrban
3-10% of taxpayers will pay more under #TCJA. The big losers will be residents of high-tax states like #NewJersey. - @taxfox#LiveAtUrban
When #TCJA got passed, most states had to figure out what to do to their own income tax codes. Some of their payers… https://t.co/Ii3gxc4ocJ
What is the impact of tax legislation on investments in community and economic development? We're starting off with… https://t.co/fnkzQ3oLa8
Our next panel is assembling #LiveAtUrban with Jane Campbell @NatlDevCouncil moderating @kenner_brian@taxfox Matt… https://t.co/Un4gmf7164
There hasn't been political will to invest directly in communities. The only thing they can get political will to d… https://t.co/K2DxNCnoXG
Connie Max from LISC asks how #TCJA will provide enough funds for America's #K12 education system #LiveAtUrban
Given the timelines in corporate planning, it will take awhile to see the impacts of #TCJA. - @djheakin#LiveAtUrban
