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An in-depth article in the San Diego Union Tribune touted LISC’s new fund to spur affordable housing creation in a city facing a serious shortage. We beg to differ with the “little-known” descriptor in the article’s title, but the account of LISC’s 25 years of work in underinvested San Diego neighborhoods illustrates our role perfectly.
Earlier this year, when LISC raised $100 million in the first-ever initial public offering of a CDFI bond, it broached a brave, new world of 21st-century nonprofit financing. An article in Next City details why tapping new capital is so important for community development today, and how LISC is leading the charge to access the market in innovative ways.
Town Hall Apartments in Chicago is an extraordinary—and rare—example of affordable housing geared for LGBTQ seniors, many of whom enter their later years with few resources after a lifetime of discrimination. It’s community development at its best, helping people access opportunities and stabilize their lives. In recognition of LGBTQ History Month, we throw a spotlight on Town Hall and hope it will serve as a path-breaking model for communities everywhere.
Tom Espinoza, CEO & president of Raza Development Fund (RDF), the largest Latino CDFI in the U.S, was a founding board member of LISC. He served for 15 years, and joined the board again in 2011. Raza is celebrating 20 years of investing in Latino and poor families across the country. Espinoza sat down with us to discuss the significance of Hispanic Heritage Month and the potentials of our partnership in the years to come.
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.