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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
Three Decades of Homes and Hope

As the National Equity Fund (NEF) turns 30, LISC CEO Maurice Jones and NEF president Joe Hagan take the measure of all that has been accomplished thanks to the Low Income Housing Tax Credit. That includes three million affordable homes since the credit was created in 1986, and 90 percent of all affordable housing being built today. Ensuring that more low-income people can keep a roof over their heads demands safeguarding—and refining—the tools that make affordable homes possible. [...]

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