LISC CEO Maurice A. Jones and Diane Yentel, CEO of the National Low Income Housing Coalition, make the imperative case for two key housing programs in an op-ed for Affordable Housing Finance. As a new nominee is poised to take charge of the Federal Housing Finance Agency, they write, we must absolutely safeguard the Housing Trust Fund and the Capital Magnet Fund, which have provided essential support for affordable housing creation in the midst of the affordability crisis.
We are kicking off 2019 with the launch of a new multi-sector fund, The Partnership for the Bay’s Future - a collaborative regional investment and policy effort to respond to housing needs and support vibrant communities of racial and economic inclusion across the Bay Area. Hear more about its launch and the coalition efforts it took to bring these funds about, from Maurice A. Jones, Morgan Harper, and LISC Bay Area’s Executive Director, Cynthia Wong.
In an opinion piece for the Providence Journal, LISC Rhode Island ED Jeanne Cola stresses the need for a dedicated funding stream to alleviate the state’s affordable housing gap—a gap that is widening as fewer resources are funneled to housing solutions. Without such funding, she writes, “money spent on education, workforce training and economic development will not have the impact we hope it all will.”
LISC has been selected to develop and administer the second phase of a substantial grant initiative that turns "zombie" and vacant properties across New York State into liveable and affordable homes for families. This next round of the program, which will support 76 municipalities, also helps connect at-risk homeowners with foreclosure prevention resources.
When a collaborative composed of the Chan Zuckerberg Initiative, the San Francisco Foundation, LISC, Facebook and others announced their Partnership for the Bay's Future this week, the media sat up and took note. Fast Company, the Los Angeles Times and Bloomberg were just some of the outlets that touted the $500 million investment fund and LISC's key part in pushing for affordable housing and shared prosperity in the region.