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.
LISC has been a proud partner of the W.K. Kellogg Foundation (WKKF) since 1995, and we're thrilled to continue our collaboration to address low-wage stagnation. Over the next three years, with a $1.5 million grant from the foundation, LISC will pilot a critical innovation that prepares under-skilled individuals for jobs with a family-sustaining wage of $16/hour.
The pilot will build upon the foundation of LISC’s successful Financial Opportunity Centers (FOC) and Bridges to Career Opportunities (Bridges) program models in three of our most successful markets - Chicago, Detroit, and Houston. Since 2006, FOCs have moved families with lower incomes to the economic mainstream with a focus on employment and financial stability. LISC enhanced the FOCs in 2015, launching Bridges to provide contextualized learning to those with academic gaps, a barrier to credentialed job training programs and higher incomes.
WKKF will help LISC address two key challenges that limit long-term employment and wage advancement for our target population: job retention and connection to family-sustaining jobs in high-demand industries. Through the pilot, we will create a new coaching position within the FOCs to support participants for 12 to 36 months after they’re hired to address career path development issues such as: on- and off-the-job challenges that could disrupt employment, how to pursue wage increases and promotions, and how to identify and obtain the necessary occupational credentials. LISC will also build on our existing network of employer relationships (currently 850 in 11 metropolitan areas) to help ensure that the people we serve through FOCs and Bridges have family-sustaining job opportunities in their own communities.
Paula Sammons, Program Officer at the W.K. Kellogg Foundation, stated "WKKF wants all children to grow up in homes with families that have stable, high-quality jobs. Investing in this pilot will help us advance this goal and create communities in which everyone can thrive."
The W.K. Kellogg Foundation envisions a nation that marshals its resources to assure that all children have an equitable and promising future – a nation which all children thrive.
JPMorgan Chase is one of LISC’s earliest and longest standing partners, providing over $3 billion in grants, loans, and equity since 1980 to advance our shared vision – one in which all communities have the opportunity to thrive.
We are thrilled to continue our partnership with a recent one-year, $1.2 million investment from JPMorgan Chase to catalyze opportunity in 12 cities – a key component of which will include the advancement of our national Financial Opportunity Center (FOC) model, LISC’s primary means of increasing economic opportunity for individuals with low incomes.
LISC’s FOC model helps individuals and families achieve financial stability by delivering integrated services across three areas: 1) employment placement, job retention, and skill improvement; 2) financial coaching and education; and 3) access to income supports. Building on the FOC platform, LISC recently developed Bridges to Career Opportunities (Bridges) to help clients ramp up foundational literacy and math skills, get technical training, and pursue industry certifications that make them attractive candidates for jobs in in-demand local industries. Bridges is an important addition to the FOC model, as it responds to the chronic problem of low-wage stagnation among hard-to-employ, unskilled workers.
Thanks to JPMorgan Chase’s support, we will serve 11,000 individuals through 42 FOCs (19 of which have integrated Bridges into their service platform) across our shared markets.
“At JPMorgan Chase, we believe more people should have access to opportunity and the chance to move up the economic ladder,” said Naomi Camper, head of the Office of Nonprofit Engagement at JPMorgan Chase. “Our collaboration with LISC helps advance our mission by connecting people to FOCs so they can access wraparound services that promote financial health.”
LISC is grateful for JPMorgan Chase’s dedication to helping people find a pathway to economic inclusion.
JPMorgan Chase works to increase economic opportunity by using its global scale, talent and resources to invest in and promote jobs and skills, small business expansion, financial health, and neighborhood revitalization.