A new $3 million grant from Ally Financial will help fuel homeownership and small businesses in four cities, advancing LISC’s work to support a broadly shared prosperity. “There is incredible talent in our communities,” said LISC CEO Maurice A. Jones, commenting on the importance of the Ally partnership. “The job to be done is to match that talent with incredible opportunity.”
This year’s winners of the Michael Rubinger Community Fellowship award, the third cohort since the program’s inauguration in 2017, are passionately committeed to leveling barriers that stand in the way of equity for our country’s most vulnerable populations. The fellowship will enable each of the ten community leaders to pursue a cutting-edge project that furthers their personal and professional missions. “It is critical that local expertise and engagement are not just quietly nurtured but actively and persistently supported,” said Michael Rubinger, LISC’s former CEO for whom the fellowship is named, adding that this year’s fellows demonstrate, loud and clear, “the capacity to push the boundaries of the community development field so it can do more, do it faster and do it better.”
Did you hear what’s brewing in Chicago? Starbucks Coffee Company announced a $10 million investment to drive economic opportunity in the city’s underserved communities. The funds, which are slated to help finance more than 500 loans to support small businesses and create jobs, will be disbursed among four community lenders with expertise in those neighborhoods, and LISC Chicago is one. The investment “will deliver clear benefits to residents, while making our neighborhoods safer and stronger,” said LISC Chicago ED Meghan Harte.
LISC is ramping up its commitment to take on social determinants of health through a bold new partnership with Sentara Healthcare and the opening of a new full service office in Hampton Roads, Va. LISC and Sentara are each committing $50 million to the effort, which builds on the long-standing work of LISC’s Richmond office in order to expand economic opportunity throughout the Commonwealth.
LISC announced today that community organizations in seven cities across the country will receive grants totaling $150,000 to refurbish neighborhood basketball courts. The grants are part of the ESPN/LISC Home Court Program that provides nonprofit, neighborhood-based organizations with financing and technical assistance to improve the quality, safety and accessibility of local basketball courts in selected markets.