Our Stories

3.19.2018 -

LISC Awarded CDFI Fund’s Largest Capital Magnet Fund Grant

The Treasury Department’s CDFI Fund announced a new round of Capital Magnet Fund grants to spur an expected $3.2 billion in affordable housing and economic development. LISC will use its $7.5 million award—the largest in this round of funding—to seed $150 million in development activity in urban and rural communities.

3.19.2018 -

Union Pacific Partners with LISC to Bridge the Skills Gap

A new $3 million grant from Union Pacific will help underemployed people in Chicago, Houston, Kansas City and Tacoma build the skills they need to compete for good jobs and raise their standards of living. “Union Pacific is investing in American workers and an economic future based on quality jobs,” said Maurice Jones, LISC president and CEO.

3.15.2018 -

Wells Fargo Helps LISC Expand Financial Opportunity

LISC and Wells Fargo have a long history of collaboration on work to expand housing, economic development, health, safety and jobs. A new $2.5 million grant from the bank will help LISC expand Financial Opportunity Centers in 15 cities so they can reach more people with more services, and help people raise their incomes and overall standards of living.

3.14.2018 -

In DC, LISC selected as Fund Manager for a new Housing Preservation Fund

LISC has been selected by the Department of Housing and Community Development to serve as fund manager for the District’s new Housing Preservation Fund with the award of $5 million for LISC to invest. As the preservation fund manager, LISC will invest $20 million in ensuring that low income Washingtonians can remain a part of the District’s bright future.

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3.13.2018 -

A Bold New $45 Million Partnership Takes Aim at the Health Gap

A vigorous and unprecedented partnership between LISC and ProMedica, an Ohio-based integrated health system, is set to inject tens of millions of dollars to improve health outcomes and wellbeing in underinvested Toledo neighborhoods. The collaboration, which will serve as a national model, will fund opportunities for employment, income-building, education, community safety and affordable housing—all the social determinants that shape a person’s health. “When we connect [the] talent and resources [of the healthcare industry] to the expertise of community developers, we have an opportunity to drive changes that help people live better—literally adding years to their life,” said LISC CEO Maurice Jones. “That’s incredibly powerful.”