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During the Los Angeles site visit between HUD and the Japanese Delegation, LISC LA’s Program Officer, Jessica Wackenhut, Youth Policy Institute’s Iris Zuniga, Martin Leitner of Perkins and Will, and Erich Yost of HUD presented on the Choice Neighborhood Transformation Plan in Hollywood and the updates.
What makes ULBC unique is its role as an intermediary between anchor institutions, like public schools, and service-based enterprises. Like LISC LA, ULBC specializes in procurement strategies for minority- and women-led small businesses, strategies meant to eventually obtain contracts with community institutions like universities and hospitals.
For our 13th Changemakers LA episode, we discuss the logistical and financial obstacles facing public transportation services in Los Angeles and the work Move LA has done to address them. We are proud to have Move LA, Senator Ben Allen, and Kosmont Companies join us in exploring the ongoing relationship between public transit and community health.
Adey Tesfaye, LISC LA Local Advisory Committee (LAC) member and a Senior Community Development Manager at HSBC Bank USA, shares what motivates her work in the affordable housing/economic development sector.
We launch our celebration of Hispanic Heritage Month this year with the story of the Villegas family, owners of Los Originales Tacos Árabes de Puebla in Boyle Heights, Los Angeles. Natives of Puebla, Mexico, Merced and Alfredo Villegas run one of the city’s most beloved food trucks, and are emblematic of Hispanic immigrants to the U.S. who have not only enriched the cultural, social—and culinary—terrain of this country, but stoke the economy through their energetic entrepreneurship, creativity and resilience. (All photos courtesy of Inclusive Action for the City.)
Earlier this summer, the East LA Community Corporation (ELACC) held a groundbreaking ceremony for the soon-to-be-built El Nuevo Amanecer Apartments in unincorporated East Los Angeles. The new community will consist of 61 units of affordable housing, with 21 units of permanent supportive housing set aside for homeless veterans. The remaining 28 units will be set aside for low-income families. Prior to the project’s launch, LISC provided ELACC with $425,000 of early-stage predevelopment financing, equipping ELACC with the necessary capital to carry out predevelopment activities and move toward construction closing.
LISC is proud to have a partnership with the Ralph M. Parsons Foundation, a nonprofit dedicated to unrestricted financial support of underserved communities within LA. It does this by investing in civic, cultural, education, health, and human services organizations that offer direct services to local community leaders. One such investment is the Executive Program for Nonprofit Leaders, a ten-day seminar at Stanford University, where nonprofit leaders around LA learn advanced professional development skills. This invite-only roster includes LISC LA’s Executive Director Tunua Thrash-Ntuk, who was selected to participate in the program this past summer.
The Local Initiatives Support Corporation is one of the largest organizations in the country supporting projects to revitalize low-income communities. This comprehensive approach includes more affordable housing, better schools, safer streets, growing businesses and programs improving financial stability.
LA LISC brings together key local partners, community leaders, and decision-makers to take on pressing challenges, incubate innovative solutions, and develop smarter public policies. Our organization leverages its extensive toolkit of loans, grants, equity investments, and local expertise to enact meaningful change for Los Angeles' moderate - and low-income communities of color.