For nearly 40 years, LISC has invested in local organizations working with immigrants, with the understanding that when new arrivals to the United States prosper, so does the country as a whole. David Greenberg, director of our Research & Evaluation team, weighs in on the troubling effects that changes in immigration policy are having on immigrant communities, and reminds us that helping immigrants access opportunity is good for neighborhoods, and good for everyone.
A deep-diving article in Next City plumbs the potential promise and perils of Opportunity Zones. Regulation and oversight of the tax incentive program are crucial to allaying displacement and making sure investments benefit under-resourced communities. LISC CEO Maurice A. Jones weighs in on the new wave of investors eager to get involved, noting that insuring transparency is key, so communities and their allies "really know what people are using this tool for and how they’re using it."
That’s the message in a powerful op-ed by LISC San Diego director Ricardo Flores for the Union-Tribune. A proposed affordable housing bond could funnel badly needed capital into the creation of homes targeted for the state’s most vulnerable residents, which would ease the extreme housing shortage and stoke the economy at the same time.
An article in ImpactAlpha describes early efforts by community development groups, like LISC, and foundations to manage Opportunity Zone funds in a way that will maximize benefits for underinvested communities and the people who live and work there. These strategies deal head-on with the stated goal of the new tax legislation: to spur economic development in places where opportunities for residents are currently few and far between.
This week, when Senator Todd Young (R-IN) announced new legislation for a taskforce that will examine the affordable housing crisis in our country, he did so at a LISC-supported senior housing community in Indianapolis. It represented a strong validation of the importance of closing the housing gap, and of the comprehensive community transformation that LISC leads.