"This rating reaffirms LISC’s ongoing capacity to support inclusive growth and broadly shared prosperity across the country,” said Maurice A. Jones, LISC president and CEO. S&P pointed to LISC’s financial stability, track record of performance and community impact as compelling indicators for its ‘AA’ rating.[...]
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.
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 what makes a city bike-friendly for all residents, a look at the depths of America's affordable housing crisis, and a report that weighs the role recreation can have on attracting new residents to rural communities.
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.”
Since 2015, the Home Court Program, a collaboration between ESPN and LISC, has improved the quality, safety, and accessibility of local basketball courts in low- to moderate-income areas. Now in its fourth year, the program is expanding funding to groups in Phoenix, D.C., Indianapolis, New Orleans, Minneapolis and Jacksonville, FL. As Beverly Smith, senior director of LISC’s sports and rec program, noted, “We’ve had great success identifying courts that, with a little financial and technical help, can be transformed into safe, inviting places where young people can play and enjoy the game of basketball.”