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Michigan LISC is working with CDCs and other closely aligned neighborhood intermediaries to identify and evaluate different approaches to organizing their work in community development. The overall goal of this effort provides participants with both the tools and the insights into how to make critical choices regarding how, when and why an organization would want to work collaboratively with others to design, manage or implement a comprehensive community development strategy.
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.
An exciting new commitment from Citi Foundation will ramp up LISC’s Bridges to Career Opportunities program and help some 10,000 American workers get the training and support they need to take on quality jobs in growth industries like health care and solar energy. The funding will enable 40 community organizations across the country to intensify their Bridges work, connecting residents to skills development and jobs, along with financial, health and housing services that improve quality of life.
"This rating reaffirms LISC’s ongoing capacity to support inclusive growth and broadly shared prosperity across the country,” said Maurice A. Jones, LISC president and CEO. S&P pointed to LISC’s financial stability, track record of performance and community impact as compelling indicators for its ‘AA’ rating.