LISC has named George Ashton as its new managing director for strategic investments. He plans to lead LISC’s work on Opportunity Zones with a clear-eyed view of the potential for community gains—focusing not just on how much capital can be raised, but on deploying it in ways that fuel lasting benefits for residents. “We are going to drive opportuni [...]
There is an exciting new development regarding LISC’s involvement in Opportunity Zones. The Opportunity Investment Consortium of Indiana, of which LISC of Indianapolis is a part, officially launched an online portal to aid in matching Opportunity Zone projects in need of funding to potential investors.
Check out our top three reads of the week. They cover the challenges and opportunities facing American communities right now. This week, we’re delving into broadband access, a look at what contributed to the drop in opioid deaths in Dayton, OH and the case for nonprofit housing developers.
Ovenly is a beloved Brooklyn-based bakery and small business committed to providing quality jobs for people who have been denied access to economic opportunity. It is also the first recipient of a loan from The Good Jobs Fund, a cutting-edge initiative from our affiliate, the New Markets Support Company, that funnels transformative private equity capital to businesses dedicated to creating living-wage jobs in under-resourced communities.
In the course of our incredibly busy work year, it’s easy to forget to take a step back and reflect on the gifts we receive every day. Thanksgiving can be that reminder: to take stock of the extraordinary efforts of our partners and the members of the communities where we invest, efforts that catalyze opportunity and wellbeing for all Americans.
An article in The Washington Post details a new kind of partnership between affordable housing developers and the American Legion, a vets’ organization, to turn an old legion hall into 160 apartments, half reserved for homeless and at-risk military veterans. Says Deborah Burkart, of LISC/NEF’s Bring Them HOMES initiative, “this could be an example others follow”—under-used American Legion facilities across the country might provide a similar resource for creating safe and much-need homes for our ex-servicemen and women.