Town Hall Apartments in Chicago is an extraordinary—and rare—example of affordable housing geared for LGBTQ seniors, many of whom enter their later years with few resources after a lifetime of discrimination. It’s community development at its best, helping people access opportunities and stabilize their lives. In recognition of LGBTQ History Month, [...]
An in-depth article in the San Diego Union Tribune touted LISC’s new fund to spur affordable housing creation in a city facing a serious shortage. We beg to differ with the “little-known” descriptor in the article’s title, but the account of LISC’s 25 years of work in underinvested San Diego neighborhoods illustrates our role perfectly.
Earlier this year, when LISC raised $100 million in the first-ever initial public offering of a CDFI bond, it broached a brave, new world of 21st-century nonprofit financing. An article in Next City details why tapping new capital is so important for community development today, and how LISC is leading the charge to access the market in innovative ways.
Tom Espinoza, CEO & president of Raza Development Fund (RDF), the largest Latino CDFI in the U.S, was a founding board member of LISC. He served for 15 years, and joined the board again in 2011. Raza is celebrating 20 years of investing in Latino and poor families across the country. Espinoza sat down with us to discuss the significance of Hispanic Heritage Month and the potentials of our partnership in the years to come.
Developing the right skills to compete in growing employment sectors is critical to families and to local economies. But what really works to build up long-term financial stability? LISC’s Chris Walker takes a look at the outcomes of research on workforce development programs—especially those that bundle education, training and placement with a broader array of financial counseling—and finds compelling evidence for how to help low-wage workers move past employment barriers and into new opportunities.
The Steel Yard, a refurbished former metalworking plant in Providence, RI and longtime LISC partner, functions as an industrial arts and jobs training center. Its Weld to Work program readies un- and underemployed residents to take on living-wage positions in the metal trades and is now an official part of the state’s new workforce development initiative, Real Jobs Rhode Island.