With the largest gift from an individual in LISC’s history, MacKenzie Scott is fueling transformative efforts to advance racial and economic justice and building a broadly shared prosperity throughout the country. Scott said organizations like LISC are “well-positioned to accelerate progress.”[...]
On July 23, HUD released a new final rule, Preserving Community and Neighborhood Choice, to replace the AFFH rule and AI requirements. This final rule is a dramatic step backwards in HUD’s legislatively-mandated role in furthering fair housing, and subsequently in the advancement of our communities in undoing segregation and fostering inclusion. As affordable housing organizations committed to advancing equal access to decent, affordable housing, we strongly oppose HUD’s termination of the AFFH rule.
Dan Levy, co-creator and star of the TV comedy Schitt’s Creek, announced that in connection with the relaunch of D.L. Eyewear, his unisex eyewear line, the company will support LISC in its efforts to help small businesses impacted by Covid-19.
The federal CDFI Fund recently announced a new round of New Markets Tax Credit allocations, including a $50 million award to LISC to fuel economic development, health and jobs. "New Markets Tax Credits help us fill capital gaps for women- and minority-owned businesses, rural communities and communities of color that are working to overcome long histories of discrimination,” noted LISC President and CEO Maurice A. Jones.
Each month, we pose a question to the OneLISC family, and share the responses reflecting our diverse range of voices and backgrounds. We hope these Reflections from the Field will be a source of inspiration and insight for us all.
This week, Lowe’s became the largest contributor to LISC’s Covid-19 small business relief efforts with $30 million in new funding for entrepreneurs of color and rural businesses as they navigate the coronavirus recession. The grant builds on Lowe’s previous $25 million commitment to LISC’s relief fund, with a particular focus on minority business owners, and will help owners sustain operations, protect jobs and prepare for recovery.