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Greater Peoria LISC, founded in 2012, has been committed to strengthening neighborhoods with targeted and comprehensive investment in Greater Peoria and throughout Central Illinois. LISC provides the invesetment capital, strategy, and expertise to local partners to get this done.
Residents still reeling from the foreclosure crisis are finally seeing progress take root in Peoria, as new houses and apartments replace abandoned properties, and economic development moves forward. The latest signpost in this effort is in the East Bluff, where residents, nonprofits and public officials are celebrating the first in a series of newly constructed and rehabbed homes that target low-to-moderate-income buyers.
Karen Davis, who has worked bringing affordable housing, businesses and jobs to Central Illinois for more than two decades, has been named the next director of LISC's Peoria office. “She understands the fundamental challenges that families face—from building the skills they need to take advantage of good jobs to gaining access to better schools, healthy housing and vibrant retail areas,” says Maurice Jones, CEO of LISC. “We’re excited to have her join the LISC family.”
Angela Bolden, Program Officer for Greater Peoria LISC, will speak at the League of Women Voters of Greater Peoria General Meeting on their work to build sustainable neighborhoods.
For the first time in its history—and the first time ever for a Community Development Financial Institution (CDFI)—LISC is tapping the bond market to raise $100 million in capital that it will use to help energize local economies. “This new capital will not only help us fuel businesses, jobs and large-scale redevelopment efforts, but also help address the persistent social and economic challenges preventing people from maximizing economic opportunities," says LISC CEO Maurice Jones. The bond offering received a 'AA' rating from Standard & Poor’s.