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.
We are kicking off 2019 with the launch of a new multi-sector fund, The Partnership for the Bay’s Future - a collaborative regional investment and policy effort to respond to housing needs and support vibrant communities of racial and economic inclusion across the Bay Area. Hear more about its launch and the coalition efforts it took to bring these funds about, from Maurice A. Jones, Morgan Harper, and LISC Bay Area’s Executive Director, Cynthia Wong.
The new Partnership for the Bay’s Future will address the Bay Area’s interconnected challenges of housing, transportation, and economic opportunity. LISC will manage a $500 million Investment Fund, one of the largest in the nation, that will work on preserving and producing affordable housing. The partnership includes the San Francisco Foundation, the Chan Zuckerberg Initiative, the Ford Foundation, LISC, Facebook, Genentech, the William and Flora Hewlett Foundation, the David and Lucile Packard Foundation, and Silicon Valley Community Foundation.
When a collaborative composed of the Chan Zuckerberg Initiative, the San Francisco Foundation, LISC, Facebook and others announced their Partnership for the Bay's Future this week, the media sat up and took note. Fast Company, the Los Angeles Times and Bloomberg were just some of the outlets that touted the $500 million investment fund and LISC's key part in pushing for affordable housing and shared prosperity in the region.