In an interview for Rural Voices, a publication of the Housing Assistance Council, Bob Reeder, Rural LISC's director for national programs, discusses the importance of inclusion, diversity and economic equity when bringing arts and culture into community development efforts. With those key ingredients, creative placemaking can be a winning proposition for rural revitalization.
An article quoting CEO Maurice Jones in The Mercury News delved into the reasons LISC was chosen by Facebook, the city of East Palo Alto and Silicon Valley community groups to manage a multi-million dollar affordable housing fund: our track record of putting community needs at the forefront, including bringing employment, health and other needed services into the mix.
Top Facebook executives just made our day. After announcing that LISC will manage Facebook’s Catalyst Housing Fund to develop affordable housing in Silicon Valley, COO Sheryl Sandberg and Elliot Schrage, VP of communications & public policy, took to their respective FB platforms to share the value of our track record linking low-income people with economic opportunity.
LISC’s pioneering $100 million bond offering paves the way for more flexible investing in low-income places, says an article for the Institute for Sustainable Investing. The new asset class is a “game-changer” that has the potential to spur broad economic opportunity in under-invested communities, and the finance world is taking note.
In a blog post for Providence Business News, Jeanne Cola, director of LISC Rhode Island, stresses the role of calculated risk-taking when lending to promising community projects. It’s how LISC started—investing in people and places when no one else would—and it’s still paying off, as with the beautiful WaterFire arts center in Providence.