For the nation to be competitive, we must pursue economic justice and close the racial wealth gap, write LISC CEO Maurice A. Jones and board chair Robert E. Rubin in an op-ed for The Hill. They lay out concrete bipartisan steps that government can take today to lift millions of Americans out of poverty and promote an equitable economic recovery.
LISC’s Matt Josephs takes a close look at proposed changes to the Community Reinvestment Act—warning that, as written, they could restrict the flow of high-impact community investments and weaken efforts to recover from COVID-19 . "While we share [the] sentiment that the nation’s distressed communities are going to be the hardest hit by the crisis and in desperate need of capital and services, the proposed regulations will, in fact, have the opposite effect,” he writes.
As lawmakers in Providence confront a crisis in the state’s school system, LISC Rhode Island ED Jeanne Cola weighs in with an appeal to consider the comprehensive factors that contribute to students’ struggles, or successes—particularly housing. “As we look at bold ways to improve dismal test scores and address high absenteeism…now is the time to take a holistic approach and provide a consistent funding mechanism to add, or restore, stable and secure housing for Rhode Island residents,” she writes in an op-ed for The Providence Journal.
Public programs that pave the road into the middle class are an investment in our country’s greatest asset—its people. As LISC and other organizations weigh in on the USDA’s proposed rule changes to the Supplementary Nutritional Assistance Program, Maurice A. Jones, LISC’s president and CEO, discusses the imperative of protecting federal assistance that helps catalyze financial stability for our country’s most vulnerable residents—and boosts the health of our economy.
This year, the Federal Reserve is taking a “listening tour” of America in order to update its economic policies and strategy. In an article for Vox, economist Jared Bernstein analyzed a recent Fed panel where LISC CEO Maurice A. Jones described how the tight labor market has the potential to help those the economy has long left in the dust. The Fed, noted Bernstein, would do well to heed that insight.