And we've got a lot to celebrate: $20 billion in total investments, record impact in 2018, a 20-year collaboration with the NFL Foundation, and the list goes on. At a gala event in New York City, LISC honors the indispensable work of our partner organizations and the two-decade service of our board chair, former Treasury Secretary Robert E. Rubin.[...]
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.
LISC CEO Maurice A. Jones and Diane Yentel, CEO of the National Low Income Housing Coalition, make the imperative case for two key housing programs in an op-ed for Affordable Housing Finance. As a new nominee is poised to take charge of the Federal Housing Finance Agency, they write, we must absolutely safeguard the Housing Trust Fund and the Capital Magnet Fund, which have provided essential support for affordable housing creation in the midst of the affordability crisis.
"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.
Alongside NFL Hall of Famers Jerry Rice and Steve Young, LISC has invested in a cutting-edge arena where Atlanta youth can face off for competitive eSports. Part of the Johnson STEM Activity Center, the venue offers a level playing field for young people from underinvested communities, where they'll develop strategic thinking, teamwork, coding and video design skills that can help prepare them for 21st-century careers in the tech world.
Mona Mangat has been a core member of LISC’s community safety team for more than a decade and was recently named National Director for Safety and Justice. She now leads our work to support community-law enforcement partnerships in neighborhoods across the country and spearheads LISC’s increased focus on “pre-entry” and “re-entry” programming: that is, strategies to help prevent vulnerable residents from getting caught up in the justice system in the first place, and to support formerly incarcerated people as they rejoin their communities and the workforce.