LISC Leadership

Maurice A. Jones, President & CEO

Maurice A. Jones was appointed CEO and President of the Local Initiatives Support Corporation (LISC) in September of 2016. LISC is one of the country’s largest organizations supporting projects to revitalize communities and catalyze economic opportunity for residents. Prior to joining LISC, Maurice was the Secretary of Commerce and Trade for the Commonwealth of Virginia where his primary job was to utilize Virginia’s assets to solidify its position as the preeminent place to live, work and conduct business.

Maurice previously served as Deputy Secretary for the U.S. Department of Housing and Urban Development (HUD) from April 2012 through January 2014.  As the second most senior official at HUD, Maurice managed the Department's day-to-day operations, the annual operating budget of $40 billion and the agency's 8,900 employees.

Before his appointment at HUD, Maurice was President of Pilot Media, the largest print and digital organization in Hampton Roads, Virginia.  He joined Landmark Media Enterprises, owner of Pilot Media, in 2005, serving as Vice President of the Landmark Publishing Group. In 2006, he became the Vice President and General Manager of Pilot Media, and in 2008 he became President and Publisher of The Virginian-Pilot.

Maurice also served as the Commissioner of the Virginia Department of Social Services and Deputy Chief of Staff to then-Virginia Governor Mark R. Warner.  Other positions include:  Special Assistant to the General Counsel at the U.S. Treasury Department, Legal Counsel to the Community Development Financial Institutions (CDFI) Fund and Director of the Fund during the Clinton Administration, Associate Attorney at Hunton & Williams in Richmond, Virginia, and Partner at Venture Philanthropy Partners.

Maurice received a Bachelor of Arts in Political Science from Hampden-Sydney College and attended Oxford University in England on a Rhodes Scholarship, where he received a Master of Philosophy in International Relations. He later received a Juris Doctor from the University of Virginia.

Annie Donovan, COO

Annie Donovan joined LISC In May 2019 as COO.  Immediately prior, she was a Senior Fellow at the Beeck Center for Social Impact and Innovation at Georgetown University and a Senior Fellow at the Center for Community Investment at the Lincoln Institute of Land Policy. Annie’s distinguished career in community development and impact investing includes serving as Director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Prior positions include CEO of CoMetrics, Inc; Senior Policy Advisor to the White House from 2012-2013, working collaboratively with the Office of Social Innovation and the Council on Environmental Quality; and Chief Operating Officer of Capital Impact Partners, a certified CDFI.

Annie has also been a thought leader and a board member of many of the highest performing organizations in the community development sector. She has published papers and articles for the National Academy for Public Administration, the Federal Reserve Bank of San Francisco, the Federal Reserve Bank of Boston, Forbes, the Skoll World Forum on Social Entrepreneurship, and the Milken Review. She has an undergraduate degree in Economics and an MBA in Finance.

Michael Hearne, Executive Vice President & CFO

Michael Hearne is Executive Vice President and CFO.  He joined LISC in 2014 after a distinguished career as an entrepreneur and lending expert with over 25 years of experience in nonprofit, for-profit and government financial management. Most recently, he was managing director of M&H Properties in Annapolis, where he bought, sold, and launched a wide range of commercial enterprises. He was also president of Lafayette Federal Credit Union, which he expanded beyond its base of federal government employees to more broadly serve Washington, D.C. residents. He also co-founded Business DataSource, a financial consulting firm.

Michael’s background encompasses a broad range of relevant experience, from loan syndication and securitization to navigating a complex array of federal regulations. He developed risk management models based on loans made by the Department of Housing and Urban Development and the Small Business Administration (SBA). He also created marketing databases related to the Community Reinvestment Act and more generally for bank community development investments.

In addition to his private-sector efforts, Michael has also worked for the SBA as director of the Office of Planning and Budget, overseeing the $750 million agency’s finances, including analysis of its $30 billion loan portfolio, and he served his country as a naval officer during the Persian Gulf War.

Denise Scott, Executive Vice President for Programs

Denise Scott is Executive Vice President in charge of LISC’s national and local programs. With three decades of experience in community development, Denise leads LISC’s neighborhood investment efforts in 30 cities and rural areas in 39 states. She previously managed LISC’s flagship program in New York City, focusing on affordable housing, commercial corridors, education, health, and jobs in some of the city’s toughest neighborhoods.