In an op-ed for the Richmond Times-Dispatch, LISC CEO Maurice A. Jones and Howard Kern, president and CEO of Sentara Healthcare, describe how their new $100 million will take aim at the social determinants of health in Virginia. Investing in housing, job training and placement, education and transportation, among other requisites of a healthy life, [...]
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.
LISC D.C. joined forces with the Community Preservation and Development Corporation and the National Housing Trust to bring solar energy to 12 affordable housing communities in the nation's capital. LISC provided the largest investment, a $1.2 million loan, to the project, which will lower costs and the carbon footprint for residents of 2,200 apartments. And this is just the beginning. Photos courtesy Community Preservation and Development Corp.
JP Morgan Chase and Fifth Third Bank announced on Wednesday that it will invest $9.1 million in minority-owned small businesses in Chicago neighborhood through its Entrepreneurs of Color Fund. LISC will continue to guide program mentorship, alongside our partner Acción Chicago. LISC senior director Steve Hall emphasized how the fund can help transform communities and forge opportunity: “It’s important for safety. It’s important for quality of life. And it really impacts the youth of those neighborhoods," he said.
Check out our top three reads covering the challenges and opportunities in American communities. This week, we’re thinking about a plan to "re-street" NYC public housing superblocks, how the unemployment gap is actually growing in black communities, and the fraught state of recovery efforts in Puerto Rico.
In an interview with Shelterforce editor Miriam Axel-Lute, Jim King of FAHE in Appalachia and Bill Bynum of HOPE in the Mississippi Delta, two longtime LISC partners, discuss the challenge of persistent poverty in rural communities. Investing in rural areas—and dispelling stereotypes about them—they argue, is critical for the health of the entire country.