Thanks to a generous—and momentous—commitment of $150 million from Facebook, the innovative Bay’s Future Fund has nearly reached its $500 million goal in less than one year since its launch. Now, LISC will help put these dollars to work promoting affordable housing development in the San Francisco Bay Area.
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.
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.
LISC and the Walton Family Foundation have launched a new grant program to help charter school operators open facilities in Opportunity Zones and other under-capitalized communities. Applications are available beginning October 1.
The Rockefeller Foundation today announced an innovative collaboration with LISC to implement the foundation's $5.5 million Opportunity Zone Capacity Building Initiative in Washington, D.C., Oakland, Newark, Atlanta, St. Louis and Dallas. LISC will work with city and community leaders to build pipelines of responsible development projects and business investments that attract private capital to Opportunity Zones with nearly 500,000 residents.