Over the past 3 years, LISC and Foot Locker Foundation have awarded grants to 50+ youth-serving nonprofits nationwide. Could your #nonprofit be next? Learn more about the Community Empowerment Program and apply for grants up to $100K by September 30: https://lnkd.in/grqb2dU
Local Initiatives Support Corporation (LISC)
Non-profit Organizations
New York, NY 48,236 followers
Catalyzing Opportunity for All
About us
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. Strategies We Pursue Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places Develop leadership and the capacity of partners to advance our work together Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being Our products & services includes loans, grants, equity investments and on-the-ground experience in some of America’s most under served neighborhoods.
- Website
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http://www.lisc.org
External link for Local Initiatives Support Corporation (LISC)
- Industry
- Non-profit Organizations
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Nonprofit
- Founded
- 1979
- Specialties
- community development, neighborhood development, economic development, affordable housing, financial stability, creative placemaking, community safety, school facitilies development, community development finance, lending, new markets tax credits, low income housing tax credits, and community engagement
Locations
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Primary
28 Liberty Street, Floor 34
New York, NY 10005, US
Employees at Local Initiatives Support Corporation (LISC)
Updates
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Did you know that #CDFI capital markets offerings total more than $1.4 billion? Our recent piece on Trends in Investment & Impact Measurement features LISC #ImpactNotes and other community investment products available to a range of investors! We invite #ESG advisors interested in starting or expanding their #SustainableInvesting practice to check out the white paper and see how ‘AA-’ rated products like LISC #ImpactNotes may fit your clients’ needs. https://lnkd.in/eJGqXQ-t The purchase of LISC Impact Notes is subject to risks, which are described in our prospectus. This is not an offer to sell or solicitation of an offer to buy our securities. Before investing you should read our prospectus available at www.lisc.org/invest
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TD has created the Community Advisory Board to oversee the $20B Community Impact Plan—a historic, three-year initiative to enhance community empowerment and economic growth. We're proud to share that our President and CEO, Michael T. Pugh, is an inaugural member of this dynamic board! Learn more: https://lnkd.in/ewJWthXW
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Local Initiatives Support Corporation (LISC) reposted this
Early childcare educators and caregivers are critical to a strong economy and a full and productive workforce. Supporting the #childcare sector—providers, workers, and facilities—is a business imperative. I am grateful to the Federal Reserve Bank of Chicago team for listening to businesses and communities and highlighting the importance of the childcare sector. Special thanks to Fed Board Governor Michelle Bowman and Chicago Fed President Austan Goolsbee for their insights and thoughtful participation in the discussion. Joan Blough, Rob Grunewald, Suchi S., and many others who participated the other day—let’s continue to invest in the childcare economy, test innovative solutions, and build a better system to support early learning and childcare. Bevin Parker-Cerkez, Nicole Barcliff, and other colleagues at Local Initiatives Support Corporation (LISC) and our community partners—gratitude for your leadership and tireless commitment to the childcare sector!
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Welcome to LISC, P. Nigel Roberts, MSA, EDFP! As the new Executive Director of LISC Memphis, Roberts will lead investment and program strategies that build equity and opportunity in underserved Memphis communities. Learn more: https://lnkd.in/eBX-cSfR
LISC Memphis welcomes a new Executive Director! We are excited to welcome P. Nigel Roberts, MSA, EDFP as the Executive Director of LISC Memphis. Nigel brings over 30 years of high-impact community and economic development experience, collaborating at many levels of the community development process—with nonprofits, municipal agencies, state government, federal government, philanthropic partners, and impact investors. Most recently, he served as senior vice president at Hope Enterprise Corporation in Memphis, where he managed financing plans for healthcare centers, charter schools, housing developments, grocery stores, and other critical facilities across Tennessee and Alabama. Prior to that, he led community and workforce development efforts for the Jefferson County Commission in Birmingham, Ala. There, he connected local strategies to federal funding via the Economic Development Administration, the Workforce Innovation Opportunity Act, and the Department of Housing and Urban Development (HUD), among other programs. His experience also spans agencies and programs in East Point, Fairfield, and Mobile, Ala.; Delray Beach, Fla., and Atlanta, Macon and Fulton County, Ga. Nigel earned his Bachelor of Science in Marketing from Alabama A&M University and his Master of Science in Administration from Central Michigan University. We are thrilled to have Nigel join the team. Please join us in extending a warm welcome to Nigel!
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Founded in 1993, Partners In Housing Development Corporation (PIH) has been a lifeline for Indianapolis' most vulnerable residents. By providing affordable housing paired with crucial support services and intensive case management, PIH helps those who have faced chronic homelessness overcome significant barriers. Learn more about how LISC Indianapolis supported the organization with a #LISCLending loan. 👇🏾
Lending Spotlight: Partners in Housing LISC Indianapolis recently closed on a $586K loan to Partners in Housing to assist in the development of King Commons Apartments, a 32-unit permanent supportive housing development, along the MLK Corridor. The project will house persons exiting homelessness and will feature fully furnished one to four-bedroom units with on-site laundry facilities. Additionally, the first floor will house a dedicated common space, support services, and a food pantry. Residents will have access to on-site care managers from the Hamilton Center and resource coordinators and case managers through Partners in Housing. Construction is expected to start in summer of 2024. “Partners in Housing (PIH) is thankful to LISC for the loan to close this development project. We are excited about King Commons and look forward to opening in early 2025. We understood the need of the community, and specifically wanted three and four-bedroom unit types for families exiting homelessness. This is the latest example of PIH’s mission to ‘help people get housed and stay housed’ said Partners in Housing’s Interim Executive Director Monica Lunderman. https://lnkd.in/gC3vxfny
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Do you work for a #nonprofit that supports youth sports in under-resourced communities? LISC and The DICK'S Sporting Goods Foundation invite you to apply for a grant to upgrade the spaces where kids play. Learn more + apply by September 5: https://lnkd.in/gBrCynHf
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The Tenant Opportunity to Purchase Act (TOPA) catalyzes inclusive affordable housing in D.C., and access to capital is crucial to its success. That's why CDFIs like LISC DC, which has 42 years of success as a TOPA lender, help deliver patient financing to tenant purchasers. In a new Shelterforce op-ed, LISC’s Julia Duranti-Martínez and Ramon Jacobson discuss how TOPA paired with affordable capital helps D.C. residents by building tenant power, preventing displacement, and preserving high-quality affordable housing. https://lnkd.in/eyQJ_T7e
TOPA Needs Capital to Succeed
shelterforce.org
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Check it out! The LISC Strategic Investments 2023 Impact Report is here 👇🏾 and there is a lot to celebrate: https://lnkd.in/ewc3FCc2
We’re celebrating #Year4 of our Impact Report with these big ticket items: ✅$867M in Impact Capital stewarded across 3,200+ investments ✅$4.4 Billion catalyzed in total development ✅Launch of CHOIF II ✅15,000+ housing units created or preserved since inception https://lnkd.in/ewc3FCc2
2023 Annual Report - Strategic Investments
report.lisc.org
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When Nelida Garcia was 9 years old, her father bought a farm in Mexico that had coffee plants growing on it. Her father said she and her siblings could sell any coffee beans they picked for pocket change. This early experience – combined with her family’s love of the beverage –inspired her dream of starting her own coffee business one day. She got the opportunity years later in San Diego, when Garcia met the staff at Access Inc., a business development organization supported by LISC and the #KrogerFoundation. Garcia worked with Access, Inc. to develop a business plan for Xula Mexican Coffeee, which caters and sells coffee, chocolates, and baked goods that embody Mexican culture and flavors. Since launching the business five years ago – starting at farmer's markets and then expanding to online sales – she’s returned to Access, Inc. to attend tax and accounting workshops, receive mentoring services, and secure grant support to pay for her catering permit. “Every time I need help with the business, Access, Inc. is there for me,” says Garcia. “My goal is to open a storefront for Xula Mexican Coffee, making it a home where people can feel comfortable and enjoy the products.”
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