LISC's CEO Maurice A. Jones is quoted in a Wall Street Journal article on the challenges of ensuring PPP loans are accessible to entrepreneurs of color and those in underinvested communities. Data is a key to understanding who's benefiting, says Jones, and LISC's PPP program has targeted underserved borrowers who may not have traditional banking relationships.
In Cincinnati, LISC’s one-to-one matches for Kiva loans to local entrepreneurs are producing some sweet results. An article in Soapbox Cincinnati tells the stories of creative area women, including a gourmet carrot cake baker, who have grown their businesses thanks to the no-interest, no-fee—but big impact—loans.
Read all about it—or at least part of it—in a wide-ranging interview with Next Street, wherein Maurice A. Jones talks about new avenues for partnership and funding, balancing our interests in housing and business, and whether or not CDFIs are too much like banks.
In a blog post for Providence Business News, Jeanne Cola, director of LISC Rhode Island, stresses the role of calculated risk-taking when lending to promising community projects. It’s how LISC started—investing in people and places when no one else would—and it’s still paying off, as with the beautiful WaterFire arts center in Providence.
An article in Next City describes how the CDFI Fund has given non-profits a leg up through the Bond Guarantee Program. Soon the Fund will have given $1 billion to non-profits for investing in low-income places, and Elise Balboni, LISC’s head of lending, explains in the piece how this helps our industry attract private money to low-income communities.Read the Article