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"I am motivated by many of the people I grew up with in my immigrant, working class community. Their resourcefulness and resiliency, while facing many difficult challenges, always provides me with the perspective to keep moving forward, regardless of what obstacles I may face." ~ Daniel Rodriguez, Portfolio Management Officer in the Community Development Banking Group with Bank of America Merrill Lynch and LA LISC LAC Member
In Long Beach, and other coastal cities where rising housing costs outpace the rise in wages, it's small businesses that provide significant wage-earning potential. Long Beach is blazing the trail of a new way to support its small business owners and keep their businesses rooted in communities into the next generation.
East LA Community Corporation (ELACC) is one of the forty winners of the Community Progress Makers fund. LISC LA has a 24 year relationship with ELACC. Over the years, we have supported ELACC with $4,969,109.64 of capital investments to build affordable housing units and $1,312,629.53 in grants to support their capacity as community development leaders.
LA LISC is working with “boots on the ground” to effectively combat food deserts in South LA. These boots belong to LA Food Policy Council (LAFPC). Through their Healthy Neighborhood Market Network program, LAFPC provides technical assistance to small business owners in low-income neighborhoods to bring healthy food to local residents.
The joint venture partnership between LA Family Housing (LAFH) and Coalition for Responsible Community Development (CRCD) announced the groundbreaking of their newest project, The Residences on Main. This new construction project is a 49 unit affordable housing development providing permanent homes for 25 chronically homeless Transition Age Youth and 24 homeless families earning 30-50% area median income (AMI) or below.
National Equity Fund (NEF), LISC’s affiliate and one of the leading syndicators of Low-Income Housing Tax Credits (LIHTC) in the country, has named Matthew Reilein as president and CEO. Reilein, brings a career’s-worth of experience driving capital into low-income communities and most recently served as managing director of Cresset Partners, where he oversaw community development and opportunity zones initiatives. He succeeds Joseph S. Hagen, who is retiring after 19 years at NEF’s helm.
As a long-time advocate for L.A.’s street vendors who have had to contend with harassment, fines and confiscation of their equipment and wares, Rudy Espinoza sees L.A.'s recent legalization as a huge step in the direction of fair treatment and economic opportunity for vendors.
The Local Initiatives Support Corporation is one of the largest organizations in the country supporting projects to revitalize low-income communities. This comprehensive approach includes more affordable housing, better schools, safer streets, growing businesses and programs improving financial stability.
LA LISC brings together key local partners, community leaders, and decision-makers to take on pressing challenges, incubate innovative solutions, and develop smarter public policies. Our organization leverages its extensive toolkit of loans, grants, equity investments, and local expertise to enact meaningful change for Los Angeles' moderate - and low-income communities of color.