With initial funding from the city, foundations and banks, the new LISC Charlotte office opened its doors last week and announced its first program activity—a $25,000 capacity-building grant for Historic West End Partners, a high-impact local nonprofit. LISC Charlotte expects to invest at least $25 million to promote economic opportunity in the cit [...]
Only by reckoning with the past are we able to create a society that honors the dignity and wellbeing of all Americans. In recognition of Women’s History Month, we shine a spotlight on three LISC sites where our work is led by women and supports women in the communities we serve—and aims to build a future where everyone can thrive and prosper.
Dale Royal, a community developer with 30 years’ experience bringing economic development, affordable housing and transportation opportunities to underserved neighborhoods, will be the inaugural executive director of LISC’s newest office in Atlanta, GA. LISC has already invested $18 million in Atlanta for workforce and youth development projects, and our SBA lending affiliate, immito, has just closed its first transformative loan in the city. Royal’s arrival will take that commitment to another level, leveraging his expertise in connecting communities with the capital to help them flourish.
Candice Streett, executive director of LISC Virginia, has dedicated most of her working life to community development in Virginia. As she prepares to “downshift” from the position, she is being honored as a 2019 Richmond History Maker by the historic Valentine Museum, for her efforts on behalf of the city’s communities and her innovative economic development initiatives. In an interview with The Community Foundation, she reflects on the lessons from her journey. The most important one? “I’ve learned that we need to always listen first to those who have the most at stake—neighborhood residents.”
For the fourth consecutive year, LISC’s Lending department has been honored among the ImpactAssets 50, a who’s-who of fund managers dedicated to creating positive social and environmental impact. The team’s outstanding portfolio balance of $420 million and delinquency rate under 2% earned this year’s recognition.
In an article for Next City, LISC’s Morgan Harper and Sara Feierstein dig into how “community ownership” acts as a stabilizing force for neighborhoods and has become an integral part of mitigating displacement. The authors look at strategies ranging from business cooperatives to CDCs pooling their resources, and underscore the findings of LISC’s latest research report about the role community land trusts play in promoting community resilience.