From the unprecedented $1.5 billion we invested last year in people and communities across the country, to our burgeoning collaborations with sectors ranging from tech and healthcare to sports and local government, the LISC 2018 Annual Report is chock full of good news, good numbers, and good ideas. These resources and strategies propel us on our journey to shape a brighter future for all our nation's residents. And that, in a nutshell, is the heart of LISC's mission. Read on!Read Our Report
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.
LISC has named George Ashton as its new managing director for strategic investments. He plans to lead LISC’s work on Opportunity Zones with a clear-eyed view of the potential for community gains—focusing not just on how much capital can be raised, but on deploying it in ways that fuel lasting benefits for residents. “We are going to drive opportunities that make sense for places we are trying to serve and the systems that we are trying to change,” noted Maurice A. Jones, LISC president and CEO.
There is an exciting new development regarding LISC’s involvement in Opportunity Zones. The Opportunity Investment Consortium of Indiana, of which LISC of Indianapolis is a part, officially launched an online portal to aid in matching Opportunity Zone projects in need of funding to potential investors.
Federal policy plays a huge role in community development efforts and no federal policy has been a hotter topic this year than opportunity zones. For this podcast, we have special guest Lisa Hall–a Senior Fellow at the Beeck Center at Georgetown University focusing on the inclusive economy–who has been on the forefront of thinking about how this new incentive will impact local communities.