LISC National
What We Do

Financial Opportunity Centers

Coalition for Responsible Community Development Financial Coach with client
Coalition for Responsible Community Development Financial Coach with client
Los Angeles LISC has identified itself as a leader in financial capability and provides training and knowledge sharing opportunities throughout the LA market.

National LISC established the Family Income and Wealth Building program in 2004 as part of its Building Sustainable Communities strategy, and supports Financial Opportunity Centers (FOC) and Bridges to Career Opportunities (BCO) Centers across the country.

Los Angeles LISC has identified itself as a leader in financial capability and provides training and knowledge sharing opportunities throughout the LA market. Los Angeles LISC oversees the four FOCs in Los Angeles and frequently connects with the National LISC team on developing trainings and opportunities for their FOC implementation partners and the FOC Community of Practice. The four FOCs in Los Angeles are implemented by: Central City Neighborhood Partners, Coalition for Responsible Community Development, Mexican American Opportunity Foundation, and Youth Policy Institute.

Financial Opportunity Centers

The FOC Network focuses on improving the financial lives of individuals and families who have limited wealth, income and employment opportunities. Promoting and investing in a model of integrated service delivery, LISC partners with community-based organizations interested in transforming their employment advancement, income enhancements and financial capability/asset building programs into higher performing, data-driven models with integration at the center.

LISC has a network of more than 80 FOCs across the country where services are tailored to clients and emphasizes building a relationship with the client on the path to financial stability. Los Angeles LISC began their FOC network with the opening of their first two FOCs in 2015. LA LISC supported Coalition for Responsible Community Development and Youth Policy Institute to implement the FOC model. In September 2017, LISC expanded their FOC network with the addition of the Mexican American Opportunity Foundation and Central City Neighborhood Partners.

How LISC supports FOCs:

  • Operating grants: Yearly outcome-based grants
  • Common data-tracking platform: FOCs are required to use Salesforce
  • Access to Financial Products: Partners become members of the Credit Builders Alliance and have access to Twin Accounts, the LISC match savings product.
  • Best Practices: Access to the 80+ FOCs across the country
  • Community of Practice: LA LISC invites interested organizations to exclusive FOC trainings and convenings to support their pathway to become a FOC
  • Capacity Building: LA LISC brings financial coaching, employment coaching, and other trainers to the market in addition to supporting our partners with convening, access to LISC AmeriCorps members, and more.

Bridges to Career Opportunities

Bridges to Career Opportunities are built into many of the Financial Opportunity Centers across the country. Bridges to Career Opportunities, or BCOs, support underemployed or unemployed residents to access trainings and credentialed programs to reduce the basic skills gap that exists in many LMI communities. This program focuses primarily on training or credential programs that lead to living wage jobs and are a high growth industry in the regional market.

BCO clients receive the same three core services of the FOC program while going through their training program and are often connected to employers that will hire them into the particular industry they are trained in. The BCO program emphasizes the connection to “middle skill” jobs with a career pathway and support local employers by providing employees who receive the right training. 

FOC Resources:

Mapping a Road to Financial Well-Being

Our summary of the Mobility study.

READ SUMMARY
First Steps on the Road to Financial Well-Being

An independent study by the Economic Mobility Corporation shows LISC’s Financial Opportunity Centers program surpasses other programs.

READ REPORT
Building Sustainable Communities

Research on the efficacy of the Financial Opportunity Center model.

LEARN MORE

Contact

Jessica Wackenhut, Assistant Program Officer
Email