LISC Greater Cincinnati & Northern Kentucky is the local office of the country's largest community development organization.
We help revitalize neighborhoods in Greater Cincinnati. We provide resources to highly effective and comprehensive local groups that respond to community needs.
Bridges to Career Opportunities Funding Announcement
The Local Initiatives Support Corporation (LISC), with funding from the Social Innovation Fund, would like to announce the opening of a grant competition for its Bridges to Career Opportunities (BCO) program. LISC will use a competitive process to select and fund nonprofit organizations that can effectively operate contextualized “bridge” programming, and connections to skills training for low-income unemployed and underemployed neighborhood residents, in which individuals are supported by career coaches and financial coaches through the process.
Funding will be limited to the following geographies: Boston, MA; Chicago, IL; Greater Cincinnati Area, OH (including Newport and Covington, KY); Detroit, MI; Duluth, MN; Houston, TX; Indianapolis, IN; Minneapolis/St. Paul, MN; Philadelphia, PA; Providence and Woonsocket, RI; San Diego, CA; and Uniontown, PA.
LISC intends to award approximately 32 grants ranging averaging around $175,000 per award. Recipients will be required to provide a one-to-one cash match of any award.
More information including the full Request for Proposals may be found at www.LISC.org/SIF.
LISC 2014 Year In Review
Last year LISC Greater Cincinnati and Northern Kentucky invested $19,464,774 in our neighborhoods including grants and loans totalling over $3.3 Million. LISC funding supported the construction of 60 housing units which included $6.2M of equity for the Newport Scholar House, a development that brought housing and education together in a two-generation approach to helping people reach self-sufficiency. A $6M New Market Tax Credit investment enabled the renovation of Lower Price Hill's St. Michaels campus to house Education and Community Matters and expand their GED preparation and college bridge program.
We look forward to sharing with you our progress as we continue our investment in the revitalization of our community.
Click here to view our Annual Report
Donor of the month: JPMorgan Chase
This year, a $1 million grant from JPMorgan Chase is helping thousands of low-income people increase savings, improve credit, and build assets by strengthening the capacity of Financial Opportunity Centers (FOCs) in ten LISC sites: Chicago, Cincinnati, Detroit, Houston, Indianapolis, Milwaukee, New York City, Peoria, San Diego, and the San Francisco Bay Area. This generosity supports the expansion of Twin Accounts, our credit building tool, and efforts to train FOC staff to better serve veterans. It also supports the collection and analysis of data to inform best practices as we expand the FOC network nationwide, including an evaluation of the FOC model and the impact on clients, released in April.
This grant to LISC is part of a broad national commitment by JPMorgan Chase to strengthen low income communities by increasing economic opportunity. It also continues our strong partnership of more than 30 years.
“To help families struggling to manage their daily finances, we need to think beyond traditional financial literacy,” said Sally Durdan, head of Consumer & Community Banking Strategy at JPMorgan Chase. “Our partnership with LISC is an example of how we are working with leading community partners to provide families the tools and resources to manage their daily finances, weather emergencies and achieve their long-term financial goals.”
LISC also benefits from the valuable input of JPMorgan Chase employees, including Sally Durdan, who serves on our national board of directors, as well as Edward J. Sigler, from JPMorgan Chase’s Community Development Bank, who serves on the National Equity Fund’s board (a LISC affiliate and a leading national syndicator of low-income housing tax credits). The expertise shared on the national level is complemented by the on-the-ground guidance we receive from JPMorgan Chase employees in our local markets. Each LISC program site is supported by a Local Advisory Committee (LAC) composed of individuals from various backgrounds and professions. JPMorgan Chase is represented by 10 employees who are active members of LISC LACs across the country.
New research: How Financial Opportunity Centers help low-income Americans
An in-depth analysis of outcomes from our FOCs have been released with evidence to support LISC's long-heald belief that "it takes more than just a job for people to raise their standards of living". Read a message from our President and CEO, Michael Rubinger and view the report at the link provided.
The Northern Kentucky Scholar House
LISC Greater Cincinnati and Northern Kentucky helped out the Scholar House by investing $6,290,000 in NEF Low Income Housing Tax Credits. The Scholar House is a resource for single parents in college that need help with housing and quality child care.
2013 Annual Report
Enjoy LISC Greater Cincinnati's 2013 Annual Report online! Our report for 2014 is expected to be published this spring.