LISC has invested deeply in the health and wellbeing of people in the places where we work for 40 years. But we’re upping the ante. President and CEO Maurice Jones calls partners to join us in upending health disparities through tailored investments in communities, and designing a plan to assess the health outcomes of our broad work in economic dev [...]
This is the story of Michael Elliot, who was homeless and fighting cancer when his life took a sharp turn for the better. Through a unique partnership with ProMedica Health in Toledo, where he was receiving treatment, Elliot was introduced to a LISC Financial Opportunity Center. There, he worked with a financial coach, who helped him secure a safe, affordable apartment and even begin saving money—all within a few months. Said Elliot, “It’s the greatest thing in the world that I have a place to call home.”
At the recent Opportunity Finance Network annual conference in D.C., LISC and partners hosted a panel that dove into the ins and outs of underwriting Pay For Success transactions. Borrowing strategies from traditional debt financing, the panelists walked the audience through the special considerations that can make for a successful Pay For Success deal.
On Tuesday, November 7th, LISC was pleased to host FDIC chairman, Martin Gruenberg, for an address on creating an inclusive economy through community development and insights gained from more than a decade at the FDIC. The address was followed by a conversation with Robert Rubin, former treasury secretary and LISC board chair, and Maurice Jones, LISC President and CEO.
In celebration of Small Business Saturday (Nov. 25), we're profiling emerging enterprises in the communities where we work that have benefited from LISC small business lending and support. In Boston, Northeastern University and LISC have launched the Impact Lending initiative to spur women- and minority-owned businesses and local economies that surround the university. Honeycomb Café, a bustling new locavore restaurant in South Boston’s Dorchester area, offers a picture of impact lending at its finest.
For decades, the residents of Flint, Michigan have endured high rates of crime alongside devastating unemployment, depopulation and blight—and recently, a severe water crisis on top of that. But the energy and commitment of neighbors, business people and key anchor institutions are transforming the historic University Avenue corridor. Crime there, in turn, has plummeted. A Department of Justice community safety grant, with training and technical assistance from LISC, has ramped up those efforts and is helping make the corridor a model of problem-solving, and optimism, for all of Flint.