In naming Michael Pugh a leader in finance, Crain's NY noted his leadership of LISC, a CDFI that has invested $30 billion in underserved communities, as well as his accomplishments in establishing a loan fund leveraging alternative data and cultivating the next generation of financial leaders at HBCUs.
In a wide-ranging radio interview with Audacy's On the Block 94.7, LISC CEO Michael T. Pugh unpacks the ways CDFIs, from the most local to the largest, are so well poised to support financial mobility. He also praises the role of good financial advice, and forecasts how AI can create alternative methods for building credit.
In an in-depth profile in the The Virginia Pilot, Jay Grant, LISC Hampton Roads executive director, describes the work of building the capacity of local organizations and investing in affordable housing and small business development to strengthen local communities. And if that weren't enough, Grant also grows native Muscadine grapes and bottles his own wine, …