As California's homelessness and affordable housing crisis deepens, the demand for non-profit developers who can navigate the complex world of affordable housing construction is more acute than ever. The only program of its kind, LISC's Housing Development Training Institute readies project managers to help close the housing gap across California.[...]
This month, as our country celebrates LGBTQ pride, we at LISC reaffirm our commitment to supporting inclusive and equitable communities.
An article in ImpactAlpha features Morgan Stanley’s chief sustainability officer and LISC board member Audrey Choi describing the “tremendous growth opportunities” in social impact investment. LISC’s recent first-of-its-kind bond offering, underwritten by Morgan Stanley, is a prime example of how benefit to the community can benefit business, too.
Four years ago, Southwest Chicago suffered high rates of vacancy, blight and crime. But a determined group of neighborhood organizers and their partners, including LISC, have begun to turn the community around. Now there are 21 vacant buildings instead of 93, and crime has plummeted by 53 percent. A new $1 million pledge from LISC is helping take the work even further.
With a $1.33 million grant to deploy the innovative Pay for Success model, LISC is helping scale promising programs that benefit communities in all kinds of ways. For starters, we’re working in Michigan to broaden the reach of the Diabetes Prevention Program, which has a national track record in reducing incidence of the disease and its debilitating impact on low-income communities of color.
Does investment in affordable housing support social and economic gains? The data certainly indicates that it does, says Chris Walker, LISC’s director of research. As part of our occasional series on community development research, Walker takes a closer look at studies that analyze the impact of the Low Income Housing Tax Credit. It's a compelling body of evidence that not only reflects decades of development work but informs current efforts to spur economic opportunity for low-income people across the country.