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$8.53 in total capital deployed, supporting 300 residential units and 59,445 square feet of commercial space. [...]
$610,958 distributed throughout the community through our HUD Section 4 grants, NFL Foundation Grass Roots Program, and ESPN Home Court grants.
2 new financial opportunity centers opened in the LA Market. [...]
Check out the rest of our year in review in our Annual Report. [...]
A new $3 million grant from Union Pacific will help underemployed people in Chicago, Houston, Kansas City and Tacoma build the skills they need to compete for good jobs and raise their standards of living. “Union Pacific is investing in American workers and an economic future based on quality jobs,” said Maurice Jones, LISC president and CEO.
A vigorous and unprecedented partnership between LISC and ProMedica, an Ohio-based integrated health system, is set to inject tens of millions of dollars to improve health outcomes and wellbeing in underinvested Toledo neighborhoods. The collaboration, which will serve as a national model, will fund opportunities for employment, income-building, education, community safety and affordable housing—all the social determinants that shape a person’s health. “When we connect [the] talent and resources [of the healthcare industry] to the expertise of community developers, we have an opportunity to drive changes that help people live better—literally adding years to their life,” said LISC CEO Maurice Jones. “That’s incredibly powerful.”
Opportunity Zones are poised to attract significant capital for new housing, businesses and jobs in under-resourced communities. At CNN.com, LISC’s Maurice Jones and The Kresge Foundation’s Rip Rapson take a closer look at what investors should consider when evaluating high-impact projects, drawing on decades of community investing experience to identify what works to raise standards of living and drive economic growth.
The Treasury Department’s CDFI Fund announced a new round of Capital Magnet Fund grants to spur an expected $3.2 billion in affordable housing and economic development. LISC will use its $7.5 million award—the largest in this round of funding—to seed $150 million in development activity in urban and rural communities.
LISC and Wells Fargo have a long history of collaboration on work to expand housing, economic development, health, safety and jobs. A new $2.5 million grant from the bank will help LISC expand Financial Opportunity Centers in 15 cities so they can reach more people with more services, and help people raise their incomes and overall standards of living.
LISC has been selected by the Department of Housing and Community Development to serve as fund manager for the District’s new Housing Preservation Fund with the award of $5 million for LISC to invest. As the preservation fund manager, LISC will invest $20 million in ensuring that low income Washingtonians can remain a part of the District’s bright future.
This is AmeriCorps week, a national celebration of community service and the extraordinary program that nurtures local talent and fuels transformation. LISC AmeriCorps is at the heart of our $1 billion in grants to community-based organizations, and of our commitment to building impassioned local—and national—leadership to show the way.
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.