LISC has elected three national investment leaders to its board of directors to support fast-growing work around economic development, affordable housing, health and jobs.
LISC names three top finance execs to board to support growing investments in economic development, affordable housing, health
NEW YORK (Aug. 12, 2020)—The Local Initiatives Support Corporation (LISC), a national nonprofit that has invested more than $22 billion to catalyze economic opportunity in underserved communities, has named three leaders in small business investment, community development finance and asset management to its board of directors.
- Christopher Hollins is managing director and head of cash management for Chase Business Banking, where he is responsible for treasury products, marketing, sales and service strategies focused on supporting small business owners. He is also Business Banking’s lead for Advancing Black Pathways and previously led Chase’s Small Business Administration (SBA) lending program.
- Zack Boyers is chairman and CEO of US Bancorp Community Development Corp., where he leads a team of more than 400 people committed to closing the gaps between people and possibility by advancing equity and environmental sustainability. He has broad experience in affordable housing, economic development, renewable energy, commercial banking, tax credit syndication, structured finance and direct and fund investments in the tax credit equity industry.
- Nicole Arnaboldi formerly served as vice chair of Credit Suisse Asset Management after a long career in the private investment field, including overseeing the firm’s private equity and related activities. She now serves as a board member for Manulife, Commonfund, and Merit Hill Capital as well as Prep for Prep and the Dean's Advisory Board at Harvard Law School.
The LISC board is led by former Treasury Secretary Robert Rubin and helps steer the organization’s work in thousands of urban and rural communities across the country. In 2019 alone, LISC invested $1.8 billion in affordable housing, economic development, health, education, community safety and jobs, with a particular focus on communities where a history of racial discrimination has limited opportunities for residents.
“We’re grateful to these remarkable individuals for lending us their time and expertise as we work to build resilient communities that offer opportunities to all Americans,” said Maurice A. Jones, LISC president and CEO. “Especially now, as we expand our work with small business owners, nonprofits and families dealing with COVID-19, recession and racial reckoning, they will help inform our efforts to provide relief and lay the groundwork for long-term recovery and reconstruction.”
The 26-member board includes national leaders in community development, philanthropy, finance, health care and academia.
About LISC
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families. Since 1979, LISC has invested $22 billion to build or rehab more than 419,000 affordable homes and apartments and develop 70.3 million square feet of retail, community and educational space.