- About Us
- What We Do
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.
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:
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.
Our summary of the Mobility study.
An independent study by the Economic Mobility Corporation shows LISC’s Financial Opportunity Centers program surpasses other programs.
Research on the efficacy of the Financial Opportunity Center model.