LISC Lends to Build Sustainable Communities
Since the Green Planning Grant Program's inauguration in 2013, LISC has provided green grants to 13 projects in conjunction with another $10 million in LISC financing.
LISC’s participation in early-stage predevelopment, acquisition and construction financing enables us to provide additional green support at key points in a project’s life cycle to generate substantial long-term health, environmental and financial benefits – a true triple bottom line.
LISC & JPMorgan Chase Grants Drive Innovative Affordable Housing in San Diego
The Local Initiatives Support Corporation (LISC) is helping expand the amount of good rental housing available to low-income families with grants to two of San Diego’s top nonprofits working to revitalize troubled communities.
City Heights Community Development Corporation (CDC) and Community HousingWorks will split $100,000 in early action funding, having been selected through a competitive process that considered the long-term implications of affordable housing proposals. The grants are unique because they both help get construction and rehab efforts off the ground for particular projects and fund development models that can be replicated by others working to address the city’s growing housing needs.
Affordable Housing Preserved in City Heights
LISC San Diego recently provided a $2.25 million acquisition loan supporting the acquisition of a 20-unit apartment building by nonprofit affordable housing developer, City Heights Community Development Corporation (CHCDC). This loan will facilitate the rehabilitation of 4348 53rd Street, and lock in lower rents for the 20-unit, garden style apartments, located in the Mid-City San Diego neighborhood of City Heights, for decades to come.
Innovative New Funding Lifts Low-Income Families, Attracts Businesses to Disadvantaged San Diego Neighborhoods
A new national funding program is lifting the prospects of some of San Diego’s toughest neighborhoods with new businesses and jobs, better affordable housing and help for families who need to stabilize their financial outlook.
A $3.75 million grant from the Bank of America Charitable Foundation to the Local Initiatives Support Corporation (LISC) will help low-income people transform their struggling cities and rural communities into places that thrive.
With Citi Support, LISC to Provide Affordable Housing Training
The Local Initiatives Support Corporation (LISC), Citi and the Citi Foundation are pleased to announce LISC’s 2014 California Housing Development Training Institute (HDTI) program. Offered in response to California’s affordable housing shortage, the 2014 HDTI will build upon the existing technical capacity and expertise of 38 nonprofit agencies that directly advance the construction or preservation of affordable housing stock in their communities.
LISC Wins $1.48MM in AmeriCorps Funding to Fuel Economic Mobility in Low-Income Neighborhoods
AmeriCorps made headlines last week when it announced $205 million in grants to hundreds of sponsoring organizations, including LISC. But describing the dollars alone doesn't quite capture the remarkable impact the program is having on communities all across the country. LISC AmeriCorps members help nonprofits develop affordable housing, reduce crime and run employment and financial counseling programs that lift the prospects of low-income families. Our 2014 funding means 160 new members will help improve the quality of life in disadvantaged neighborhoods--most coming from the very communities where they will work.
LISC Facilitates Acquisition Loan for New Space 4 Art Location
Space 4 Art announces the acquisition of land which will become the new home for their thriving permanent artists live/work and arts center. The acquisition deal was supported by LISC San Diego, which will pave the way for a new facility to expand upon Space 4 Art's success and dramatically increase the number of affordable live/work units, indoor and outdoor performing spaces, galleries, and educational facilities.