LISC is grateful for our partnership with Capital One and the Capital One Foundation that spans over two decades. Over the years, we have worked together to increase access to opportunity in the communities we serve by supporting comprehensive community development efforts.
Capital One takes a multifaceted approach to its grantmaking and provides resources for several LISC programs and geographies. Our most recent grant from Capital One supports LISC’s Hurricane Harvey relief efforts in Houston; affordable housing development and preservation in Houston, New York City, Philadelphia and Washington, D.C.; and financial stability through LISC’s Financial Opportunity Centers in Boston, Chicago, Houston, Los Angeles, and Newark.
Together, we are also taking on a new effort at LISC – helping to preserve and recapitalize naturally occurring affordable housing (NOAH), rental homes that are affordable without public subsidy. LISC rolled out a NOAH Preservation Strategy successfully in Pittsburgh, and a number of LISC sites with rapidly changing neighborhoods have expressed interest in pursuing it. A current grant from the Capital One Foundation is enabling LISC to undertake a multi-year process to replicate this strategy in other markets.
“We take pride in our partnership with LISC to increase access to affordable housing, improve financial capability, and provide much needed resources to disaster recovery,” said Mariadele Priest, Vice President, Capital One. “Through these efforts, we seek to build stronger, healthier communities where residents can thrive.”
LISC would also like to express our gratitude to the five Capital One representatives who serve on our Local Advisory Committees, providing leadership and guidance to our work on the ground.
Capital One helps build strong and healthy communities to benefit us all by applying the same principles of innovation, collaboration and empowerment to its work in the community that the bank does in business.