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.
We are kicking off 2019 with the launch of a new multi-sector fund, The Partnership for the Bay’s Future - a collaborative regional investment and policy effort to respond to housing needs and support vibrant communities of racial and economic inclusion across the Bay Area. Hear more about its launch and the coalition efforts it took to bring these funds about, from Maurice A. Jones, Morgan Harper, and LISC Bay Area’s Executive Director, Cynthia Wong.
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.
When a collaborative composed of the Chan Zuckerberg Initiative, the San Francisco Foundation, LISC, Facebook and others announced their Partnership for the Bay's Future this week, the media sat up and took note. Fast Company, the Los Angeles Times and Bloomberg were just some of the outlets that touted the $500 million investment fund and LISC's key part in pushing for affordable housing and shared prosperity in the region.