With a new grant from Umpqua Bank, LISC is working with local organizations in three states to fuel equitable homeownership opportunities in low-to-moderate income communities, especially for people of color. "This kind of capacity-building support is like oxygen for nonprofits, and we are so grateful to Umpqua for recognizing the value of flexible funding for racial equity in homeownership,” said LISC President Denise Scott.

HUD has awarded its latest round of Section 4 funds, including $17 million for LISC, the largest of this year's grants. LISC will use its funds to help build the capacity of local community development groups to address financial stability, leadership and governance, technical and digital infrastructure, and partnership networks.

LISC has just been awarded nearly $13.5M in HUD Section 4 capacity-building program grant money, earmarked for local community groups who are dedicated to economic development and creating affordable housing. The award will propel the organization's long-running capacity-building efforts with the critical partners whose work helps create more vibrant, inclusive economies and opportunities for residents of under-served communities.

Today, LISC is rolling out an ambitious, decade-long strategy to address racial gaps in health, wealth and opportunity that affect millions of people throughout the country. Called Project 10X, it is a $1 billion plan to raise and deploy capital that will help build a more broadly shared prosperity.

With initial funding from the city, foundations and banks, the new LISC Charlotte office opened its doors last week and announced its first program activity—a $25,000 capacity-building grant for Historic West End Partners, a high-impact local nonprofit. LISC Charlotte expects to invest at least $25 million to promote economic opportunity in the city’s neighborhoods over the next few years.