"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.
Since 2015, the Home Court Program, a collaboration between ESPN and LISC, has improved the quality, safety, and accessibility of local basketball courts in low- to moderate-income areas. Now in its fourth year, the program is expanding funding to groups in Phoenix, D.C., Indianapolis, New Orleans, Minneapolis and Jacksonville, FL. As Beverly Smith, senior director of LISC’s sports and rec program, noted, “We’ve had great success identifying courts that, with a little financial and technical help, can be transformed into safe, inviting places where young people can play and enjoy the game of basketball.”
LISC has been selected to develop and administer the second phase of a substantial grant initiative that turns "zombie" and vacant properties across New York State into liveable and affordable homes for families. This next round of the program, which will support 76 municipalities, also helps connect at-risk homeowners with foreclosure prevention resources.
The new Partnership for the Bay’s Future will address the Bay Area’s interconnected challenges of housing, transportation, and economic opportunity. LISC will manage a $500 million Investment Fund, one of the largest in the nation, that will work on preserving and producing affordable housing. The partnership includes the San Francisco Foundation, the Chan Zuckerberg Initiative, the Ford Foundation, LISC, Facebook, Genentech, the William and Flora Hewlett Foundation, the David and Lucile Packard Foundation, and Silicon Valley Community Foundation.
ESPN, Under Armour and LISC have announced that four new communities are eligible for grants through the Replay initiative to transform vacant lots into community recreation hubs. The program, which is in its second year, will award a total of $430,000 to help neighborhood groups in Atlanta, Detroit, Oakland, and Toledo ensure that sports and recreation are accessible to all residents. As LISC’s senior program director for Sports & Recreation, Beverly Smith, stated, “Our on-the-ground experience in local communities coupled with the resources and expertise of ESPN and Under Armour has been a highly successful formula for creating useful recreational spaces.”