An article in The Wall Street Journal details a creative program to help neighborhood bodegas update their look and stock, and keep pace with demand as new, younger clientele moves in. Together with longtime partner Cypress Hills Local Development Corp, LISC is spearheading the "Commercial Corridor Challenge," supporting small businesses to prosper [...]
In a blog for the University of Pennsylvania’s Wharton Healthcare Quarterly, LISC CEO Maurice A. Jones makes the case for pioneering partnerships between healthcare organizations and community development, uniting to upend the roots of poor health. LISC’s collaborations with ProMedica and Bon Secours Health System, among other companies, are powerful examples of how our combined assets, knowledge and experience can begin to close America’s longevity gap.
That’s the message in a powerful op-ed by LISC San Diego director Ricardo Flores for the Union-Tribune. A proposed affordable housing bond could funnel badly needed capital into the creation of homes targeted for the state’s most vulnerable residents, which would ease the extreme housing shortage and stoke the economy at the same time.
LISC Boston has named a new executive director to lead its expanding economic development agenda and drive new capital into housing, businesses and jobs across the Commonwealth. Karen Kelleher brings her experience to LISC Boston, which has been deeply engaged in work to help residents build job skills, improve health and safety, boost educational outcomes, spur business opportunities and create jobs, and develop high-quality, affordable housing that anchors stronger neighborhoods.From LISC Boston
Denver, CO has just approved a housing subsidy that will make the city’s glut of new, unrented market-rate housing affordable to working families. It’s an unprecedented strategy, created in part by LISC and National Equity Fund, that could begin to close the opportunity gap for Denverites. And it’s already piquing interest in other cities grappling with similar challenges.
An article in ImpactAlpha describes early efforts by community development groups, like LISC, and foundations to manage Opportunity Zone funds in a way that will maximize benefits for underinvested communities and the people who live and work there. These strategies deal head-on with the stated goal of the new tax legislation: to spur economic development in places where opportunities for residents are currently few and far between.