Citi Foundation video on LISC and Financial Opportunities Centers
3 Jun 2010
As part of LISC's Building Sustainable Communities strategy, LISC is focused on improving the financial bottom line for low- to moderate-income families and helping people improve their financial future. This encourages long-term commitment to increasing income, decreasing expenses and acquiring assets. To that end, LISC supports the development of Financial Opportunity Centers acorss that country, which offers bundles services centered on employment placement and career improvement; financial education and coaching, and public benefits access.
Citi Foundation is providing $1 million to help LISC expand its network of Financial Opportunity Centes to underserved neighborhoods in Houston, San Diego, Newark, and Chicago.
“Financial security is the backbone of healthy communities. All people, no matter what their income level may be, should have the opportunity to get the professional advice they need to develop a financial plan that helps them grow their assets and build a more prosperous future for their families,” said Pam Flaherty, President and CEO of the Citi Foundation, and a member of the LISC Board of Directors since 1996. “Through the commitment of organizations like LISC, low-income residents of Houston, San Diego and Newark will have access to the kind of financial counseling, coaching and workshops that can significantly impact their long-term quality of life.”
This program reflects the evolution of the Citi Foundation’s 20-year relationship with LISC, where it has invested nearly a billion dollars in loans, grants and equity, building on its broad-based revitalization efforts in neighborhoods across the country.
> Watch video: Securing a Future, LISC's Financial Opportunity Centers
> LISC Family Income and Wealth program
Article Type: News