An article in The Atlantic's Renewal Project gives props to LISC Houston's Amanda Timm and the women leaders of four other local groups partnered to repair hundreds of hurricane-ravaged homes in the ongoing wake of Harvey. Together, the collaborative is deploying a $17 million grant to make 480 houses livable again.
An article in Next City details how LISC’s NYC Inclusive Creative Economy Fund is connecting local cultural institutions and artisanal manufacturers to much-needed capital, like the venerable La MaMa theater in the city’s East Village, where real estate has become prohibitively expensive. LISC is working to extend a $3.2 million line of credit to La MaMa, filling a critical financing gap for the theater, which must renovate its historic home in order to serve artists and audiences on into the future. The excerpt below is from: Experimental Theater Pushes Boundaries to Preserve Itself By Oscar Perry Abello, Next City
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.
Check out our top three reads of the week. They cover the challenges and opportunities facing American communities right now. This week, we’re delving into broadband access, a look at what contributed to the drop in opioid deaths in Dayton, OH and the case for nonprofit housing developers.
An article in The Washington Post details a new kind of partnership between affordable housing developers and the American Legion, a vets’ organization, to turn an old legion hall into 160 apartments, half reserved for homeless and at-risk military veterans. Says Deborah Burkart, of LISC/NEF’s Bring Them HOMES initiative, “this could be an example others follow”—under-used American Legion facilities across the country might provide a similar resource for creating safe and much-need homes for our ex-servicemen and women.