"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.
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.”
Mona Mangat has been a core member of LISC’s community safety team for more than a decade and was recently named National Director for Safety and Justice. She now leads our work to support community-law enforcement partnerships in neighborhoods across the country and spearheads LISC’s increased focus on “pre-entry” and “re-entry” programming: that is, strategies to help prevent vulnerable residents from getting caught up in the justice system in the first place, and to support formerly incarcerated people as they rejoin their communities and the workforce.
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 opportunities that make sense for places we are trying to serve and the systems that we are trying to change,” noted Maurice A. Jones, LISC president and CEO.
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.