LISC joins with affordable housing advocates to oppose federal funding cuts
WHAT: Local leaders and elected officials in affordable housing will join with LISC San Diego (Local Initiatives Support Organization) Monday, November 27, at 10 am to voice their support of a threatened federal funding tool that now provides tax-exempt financing for such projects, a critical need in this time of chronic homelessness.
The news conference will be held at Celadon, an affordable housing complex located downtown. Your coverage is invited.
DATE/TIME: Monday, November 27, 2017, 10 am-11 am
SITE: Celadon, 929 Ninth Avenue, downtown San Diego, 92101
SCHEDULED SPEAKERS:
The LISC-led announcement brings together many of the region’s nonprofit social service organizations that serve the homeless at a critical time: San Diego’s homeless population ranks among the nation’s highest.
“We don’t regard this as a politically divisive issue,” said Flores. “Instead, it has to do with retaining San Diego’s urban quality of life. We stand firmly with our fellow affordable housing and homeless advocates to declare that any move by Congress to kill the Low-Income Housing Tax Credit will significantly increase homelessness here in San Diego, and likely worsen its spillover effects, including the potential for further outbreaks of hepatitis A.”
About LISC San Diego:
The Local Initiatives Support Corporation, known as LISC, is one of the nation’s largest nonprofit funding organizations supporting projects to revitalize communities and bring greater economic opportunity to residents. LISC receives funding from banks, corporations, foundations and government agencies to provide financing for loans, grants and equity for technical and management assistance to local partners and developers. Founded in 1991, LISC San Diego has invested $232 million in grants, loans, and equity investments in the city’s low-income communities.
Contact: LISC San Diego
Ricardo Flores, Executive Director
LISC San Diego
c) 619-384-4353
rflores@lisc.org
Media contact:
John Freeman
Point PR Communications
c) 619-274-2779
john@pointpr1.com