What is LISC?
We are LISC—the Local Initiatives Support Corporation. It may be a mouthful, but our name does, in fact, say it all. We are a national organization with a grassroots focus. Bay Area LISC is one of 31 local LISC sites throughout the country, and with residents and partners, we forge resilient and inclusive communities of opportunity across the Bay Area - great places to live, work, do business, and raise families.
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We’re here to help you impress your #communitydevelopment peers. These are the top three stories to read this week:… https://t.co/kN8VX3EdFe
Contina is betting it all on establishing her women-run bake shop in Cincinnati, so let's bet on her!
There's onl… https://t.co/Zr2vyqLlbV
. @oscarthinks covers one #smallbusinessowner option for retiring baby boomers: selling to their employees. Learn mo… https://t.co/s5hP0H1Nrp
Wanna know what we’re reading about this week? #lifeexpectancygap, #workercooperatives & the link between housing a… https://t.co/RMHJ8XbUnF
Don’t miss Federal Reserve Bank of San Francisco’s report on high cost of housing in the #BayArea and its impact on… https://t.co/ndAHcB2MPR
Thank you @CDFIFund@USTreasury for the $700k seed grant to the Fund for Rural Progress, which boosts investment in… https://t.co/lQxRaEO9bo
The first loan from the LISC- @ProMedicaHealth Neighborhood Promise fund has closed!
The loan will help a local dev… https://t.co/XkQ6c86y5N
What will happen to 10000s of small businesses when their baby boomer owners retire? @oscarthinks in @NextCityOrg. https://t.co/dENBJD9VTr
There’s a lot to read in the #communitydevelopment field. We’ve narrowed it down to 3 can’t-miss stories this week:… https://t.co/JkSOaAqpYB
#TopRead: @andrewvandam’s piece in @washingtonpost on Stillwell, OK, the community with the lowest #lifeexpectancy… https://t.co/BmtrWGLw5G
Stories
From National LISC:
4.27.2018
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In the News,
Economic Development,
Financial StabilityFinancial Education is a Key to Success—for Our Youth, and Our Economy
In an op-ed for Yahoo! Finance, LISC CEO Maurice A. Jones hit home the value of financial literacy as an essential skill on the path to financial wellbeing for all Americans—and to a healthy U.S. economy. Thinking back to his own childhood and the lessons in money management he absorbed working on his family’s farm, Jones calls for the public and private sectors to join forces and connect underserved youth to the kind of financial education that can make the American Dream a reality.
From National LISC:
4.16.2018
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LISC StoriesA Study of Two Americas—and How to Bring Them Closer
A new study on race and economic mobility in the United States by economists Raj Chetty and Nathaniel Hendren stresses the role that neighborhoods can play in closing the country’s yawning, race-based opportunity gap. In the blog that follows, David Greenberg, LISC’s new director of Research and Evaluation, unpacks the lessons of the study, and posits how the findings can help guide the work of LISC and its partners going forward.
From National LISC:
3.06.2018
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In the NewsCatalyst Housing Fund Gains Momentum with New Investor
The Catalyst Housing Fund marked a leap forward this week, announcing its first outside investor: The San Francisco Foundation (TSFF). The near $20 million fund, whose mission is to secure economic opportunity and affordable housing for Silicon Valley residents, began as a partnership of Envision Transform Build, City of East Palo Alto and Facebook. LISC manages the fund along with Housing Trust Silicon Valley. TSFF’s investment will help propel the development and preservation of hundreds of affordable homes in East Palo Alto and Menlo Park, near Facebook’s HQ.