Stories

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2.08.2024 -

What Three Years of Investment Can Do: Stories from LISC’s Black Economic Development Fund

In recognition of Black History Month, we’d like you to meet four organizations that, through support from LISC and the Black Economic Development Fund, are creating housing, employment and other economic opportunities in the neighborhoods that need them the most.

9.29.2023 -

How JPMorgan Chase Partners with LISC Detroit and Others to Help the City Flourish

An article in Fortune highlights a $200 million investment from JPMorgan Chase to support small business and local community development funds. The funding has helped LISC Detroit, the Entrepreneurs of Color Fund (EOCF) and the Detroit Housing Fund create economic opportunities for thousands of Detroit residents. LISC senior vice president Tahirih Ziegler is quoted on the imperative of investing in affordable housing to protect against displacement in Detroit’s vulnerable communities.

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3.07.2023 -

LISC Awarded $1 Million Grant Through 2022 TD Ready Challenge

LISC received a $1 million grant through the 2022 TD Ready Challenge to support Bridges to Green Jobs, a LISC initiative to build pathways to employment in the green energy and climate resiliency fields. “People from communities most impacted by climate change will have the opportunity to be a part of the solution, while gaining access to jobs with good pay and growth potential,” said LISC CEO Lisa Glover.

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2.09.2023 -

How LISC Detroit Has Been Bringing Racial Equity to Home Repairs

Route Fifty, a publication that targets state and local government leaders, reports on the extraordinary impact of Detroit’s zero percent home repair loan program, which LISC has been running since 2015. To date, the program has helped nearly 700 families make critical repairs to their homes and is, at its root, “a Black homeownership preservation tool for really intergenerational wealth-building strategy,” says LISC’s Damon Thompson, who is quoted alongside LISC President Denise Scott.

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12.15.2022 -

LISC + Ally Financial Bring Financial Coaching to Fuel Homeownership and Entrepreneurship

Three years ago LISC launched a program with Ally Financial to integrate financial coaching into existing services for aspiring homeowners and entrepreneurs in four cities. The program, which wrapped up the fall of 2022, achieved strong results despite the health and economic challenges brought on by the pandemic. In this piece, we look back at what our collaboration with Ally has accomplished and share stories about its impact on people and communities.

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12.08.2022 -

Rocket Community Fund & LISC Launch $2M Program in Four Cities to Grow Financial Stability for Underserved Residents

The new Rocket Wealth Accelerator leverages LISC’s Financial Opportunity Center network in four cities to pair financial coaching with a savings account match program to help families of color meet emergency needs, build credit, and grow generational wealth.