This video includes interviews of founding members of LISC Phoenix.
Despite the lingering effects of a brutal recession, 2012 is a year of celebration! Arizona is celebrating 100 years of statehood and LISC Phoenix is celebrating 20 years of service here in Maricopa County.
This year, our focus is on these areas: Transit Oriented Development, Housing and Economic development.
LISC Phoenix closed the first loan utilizing the Sustainable Communities Fund that was launched in June 2011 along with the Sustainable Communities Working Group. The project is the first mixed-use Transit Oriented Development (TOD) project financed by LISC under the LISC Phoenix TOD Initiative. The TOD Initiative’s goal is to develop affordable housing options connected to key light rail stations, in partnership with local community development plans.
The foreclosure crisis that has so firmly underscored the country’s recent economic decline isn’t just about devastated families losing their homes. It is also about neighborhoods losing their economic equilibrium and skidding toward blight and crime. The impact is far-reaching. Declining public resources put increased pressure on public schools, many of which are already failing. Shuttered neighborhood businesses exacerbate existing vacant property problems, reducing vibrant commercial corridors to dark havens for gangs and violence. Escalating unemployment and loss of health coverage threaten the financial future of families across the country.
Copyright © LISC 2012