State Farm has been an important LISC supporter for nearly two decades, providing us with more than $132 million in flexible resources to advance our comprehensive community development efforts, including economic development, workforce development, health, and affordable housing programs.
State Farm's current $4 million grant impacts 11 cities, with a focus on economic opportunity and financial stability. In each city, State Farm's funding enables LISC to implement community development efforts that leverage local opportunities. For this reason, State Farm's grant touches nearly all of LISC's programs. In the Twin Cities, for instance, LISC provides technical and financial assistance to Juxtaposition Arts, a North Minneapolis youth art program with a strong apprenticeship program that currently has around 75 paid youth apprentices in graphic design, textiles, environmental design, and public arts. These students are not only learning important job skills, but they are also earning an income from their art and revitalizing the area with a gallery and a retail store that sells designs by the apprentices.
Or take LISC's work in New York City around green, healthy housing. State Farm's grant supports Two Shades of Green (TSG), which helps affordable housing owners implement green, healthy and cost-effective measures to both improve the environment and preserve the affordability of their buildings through energy cost-savings. TSG has integrated such measures into 1,100 affordable housing units.
In select LISC markets, State Farm resources help seed business growth and improve safety—both vital for attracting economic activity. Further, State Farm is also a champion of LISC's Financial Opportunity Center model, and its grant impacts 48 FOCs nationwide. In 2018, State Farm broadened that reach and provided the first commitment in support of LISC’s expansion to Atlanta, which will start with the establishment of the first LISC-supported Financial Opportunity Center in the city.
State Farm's grant strengthens multiple LISC programs and so do its employees. State Farm employees provide essential human capital that further advances LISC's work. For example, in Houston, State Farm agents participate in "National Night Out" events, which promote community safety and cohesion. Five State Farm representatives also serve on our local office advisory committees to offer programmatic and strategic guidance.
"Our multifaceted relationship with LISC helps us give back to the communities where we live and work," said Ed Woods, Director – Human Resources, State Farm. "Aligning with our Neighborhood of Good® platform, State Farm employees and agents are turning caring into doing as they work side-by-side with LISC to build safer and stronger neighborhoods."
Please see this press release about our partnership and State Farm's most recent grant.
State Farm supports auto and home safety programs; disaster preparedness and recovery programs; and education, economic empowerment and community development projects, programs and services that help people realize their dreams.
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.
LISC is thrilled to announce a new partnership with Union Pacific to expand workforce development beginning with efforts in Chicago, Houston, and Kansas City. With a $3 million grant, LISC and Union Pacific will work together to help people build the skills they need to compete for good jobs and raise their standards of living through LISC’s Financial Opportunity Center model and its Bridges to Career Opportunities (Bridges) component.
LISC’s Financial Opportunity Centers connect low- to moderate-income families with the financial and labor market mainstream through employment and career services, financial coaching, and education to build credit, savings and assets. Building on this platform of services, Bridges creates an on ramp for these same individuals to achieve family-supporting careers, such as those offered by Union Pacific and other high-demand industries through up-skilling and workforce readiness training.
This is truly a collaborative effort. LISC will create new bridge curriculums called Building Tomorrow’s Workforce that will align Union Pacific job opportunities. Through this initiative, the company hopes to hire FOC graduates for trade positions, such as diesel electricians and mechanics, as well as train crew—all jobs paying family-sustaining wages. Over three years, the Union Pacific-LISC partnership is expected to impact 20,000 people.
The LISC grant is one pillar of the company’s $20 million philanthropic commitment to its communities, which includes initiatives focused on helping communities prevent and prepare for accidents and emergencies, and build vibrant community spaces, in addition to job skills development.
For more information, please see our joint press release.
Union Pacific serves roughly 7,000 communities where its employees and customers live and work, and their children grow up. From rural town to large metropolis, Union Pacific is honored to have unique, long-standing community relationships.
Citi Community Development is one of the founding corporate partners of our Bring Them HOMES initiative, a program launched by LISC and our affiliate the National Equity Fund (NEF) to provide strategic financial and technical assistance to help create permanent supportive housing for homeless and at-risk veterans.
Thanks to Citi Community Development’s ongoing collaboration and investments, LISC and NEF are advancing Bring Them HOMES through predevelopment grants, technical assistance, and efforts to increase visibility of veterans’ issues. LISC and NEF fund permanent supportive housing projects at critical junctures, expediting the predevelopment phase of the development process. We couple this financial assistance with technical expertise to guide our partners through the intricate predevelopment phase to bring these veterans housing projects to fruition.
“Access to affordable, permanent, and supportive housing is essential to reducing veteran homelessness. Together with LISC and NEF, we strive to help increase this critical housing supply, which gives veterans the counseling, job training, and health services they need.” said Ruth Christopherson, Senior Vice President of Citi Community Development and Program Director of Citi Salutes. LISC is grateful for Citi Community Development’s dedicated commitment to Bring Them HOMES, contributing $2.7 million since 2012 to support the development of nearly 2,000 units for veterans experiencing homelessness and those at-risk of homelessness.
Citi Community Development’s investment in Bring Them HOMES complements the work of Citi Salutes, a company-wide initiative that supports service members and their families with career development opportunities, employee engagement efforts, banking services, and collaborations with leading veterans' organizations.
Citi Community Development works to expand access to financial products and services, build sustainable business solutions and forge innovative partnerships to help individuals, families and communities achieve economic empowerment.
LISC would like to thank the TD Charitable Foundation for its most recent grant to advance LISC’s comprehensive community development strategies in Boston, Connecticut, Hartford, Jacksonville, New York City, Newark, Philadelphia, Rhode Island, and Washington, D.C. In each site, we’re focusing on affordable housing production and preservation, helping to make quality, affordable housing available to all residents—from seniors to veterans to the formerly homeless.
With TD Charitable Foundation resources, we deliver technical assistance to help partners navigate the densely regulated compliance environment of federally supported properties, while also conducting organizational assessments to build their internal capacity to move affordable housing projects forward. Further, we help partners fill financing gaps at every stage of a project’s life cycle.
“Our partnership with LISC is demonstrative of the foundation’s mission to increase access to affordable housing in the communities we live and work,” said Michael Carbone, President, TD Charitable Foundation. “Through such strategic partnerships, we’re working to sustain long-term social and economic growth.”
TD Charitable Foundation has been an important partner of LISC for over twenty years, providing grants, loans, and equity investments to communities as well as volunteer service on our Local Advisory Committees. Today, four TD Bank representatives serve on these committees, providing leadership and expertise to our local programs.
TD Bank’s community investments are focused on addressing the following key priorities to create greater impact: education and financial literacy; the environment; creating opportunities for young people; and affordable housing.
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.