- Who We Are
- What We Do
- Where We Work
- Why LISC
We are LISC—the Local Initiatives Support Corporation. It may be a mouthful, but our name does, in fact, say it all. We are a national organization with a grassroots focus. Bay Area LISC is one of 31 local LISC sites throughout the country, and with residents and partners, we forge resilient and inclusive communities of opportunity across the Bay Area - great places to live, work, do business, and raise families.
Recent news on the Bay’s Future Fund (BFF) was big: Facebook pledged to make a $150 million investment into the Fund, which is managed by LISC. While the Facebook investment will significantly impact LISC’s ability, along with our partners, to reach our goal of raising $500 million for the BFF–the largest fund created by LISC to date–we mustn’t lose sight of the fact that our ambition is not as much connected to the size of the BFF as it is to its impact. And that impact is squarely centered on equitable development. In the Bay Area, that means addressing displacement of communities of color and low income residents.
In just one year, thanks to a generous—and momentous—commitment of $150 million from Facebook, the innovative Bay’s Future Fund has nearly reached its $500 million goal. Now, LISC will help put these dollars to work promoting affordable housing development and helping shrink the wealth gap in the San Francisco Bay Area.
Ensuring that Opportunity Zones investments benefit the people who live and work there was the crux of a recent roundtable led by LISC and the Federal Reserve Bank of New York. An article on Medium.com by LISC’s George Ashton III and the Fed’s Adrian Franco describes the insights—and important takeaways—from community and economic development leaders on the front lines of helping stakeholders shape Opportunity Zone activity in their areas.