LISC is truly grateful to the San Antonio Area Foundation for embarking on a new partnership with us to launch our comprehensive community development approach in San Antonio. The foundation’s support of $500,000 helped LISC establish an office in the area and develop a strategy rooted in local needs.
The office formally opened in 2016, and we have hit the ground running, focusing on three priorities:
LISC has already had an impact on San Antonio. In 2017, we invested more than $9.4 million, leveraging over $52.9 million to help develop or preserve 370 units of affordable housing and 22,900 square feet of commercial and community space. For example, LISC and our New Markets Support Company provided $2.5 million in tax credit equity to support the Mays Family Boys & Girls Club, a facility that delivers tutoring, sports and recreation, computer access and healthy foods options to neighborhood children and their families.
We look forward to building on these outcomes and continuing our work with the San Antonio Area Foundation in the years to come.
Designated as a Top 20 community foundation in the nation based on asset size, the San Antonio Area Foundation has provided over $400 million in scholarships and grants to enhance the quality of life in the region.