newark

LISC Building Pathways to Neighborhood-Owned Equity

September 30, 2022

The passage of the Inflation Reduction Act (IRA) in August is a historic investment by Congress to address the ongoing impacts of climate change. These resources are necessary to meet the Biden Administration’s goal of cutting U.S. greenhouse gas emissions in half by 2030. The new law also provides ...

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To address the stunted growth and financial concerns of Black businesses, Steve Hall, LISC’s vice president of Small Business and Economic Development Lending and its national director of Entrepreneurs of Color Fund, said the company has also invested $250 million into its Black Economic ...

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September always feels a bit like the start of a new year. For this, I blame my kids and many years of first-day-of-school excitement. But I also think it is a welcome frame of mind for community developers. Before we head into a flurry of fourth quarter activity and launch our plans for 2023, ...

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In the United States, the COVID-19 pandemic not only brought longstanding health inequities to greater awareness, but also exacerbated them, to devastating effect. While factors within healthcare systems directly contribute to these inequities, for some time, there has been a growing recognition of ...

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Since the passage of the Infrastructure Investment and Jobs Act, many federal agencies, states, localities, nonprofits, and other stakeholders have been working to ensure these new resources are implemented equitably across the country. With $65 billion dedicated to closing the digital divide, the ...

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Philanthropy News Digest asked Scott about settling into her new position as president of LISC, one of the nation’s largest community development financial institutions, how the organization uses its investments to work with local community and government leaders at a time of historic crisis in the ...

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We’re collaborating with Ironbound Community Corporation (ICC) in Newark, NJ and the Local Initiatives Support Corporation (LISC) on an initiative that assists people in the East Ward section of Newark with digital-skills building and access. This program is part of the AT&T Connected Learning ...

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Over the past few years, we have seen great energy around community development investing, with new funders and investors joining the work to address pressing problems of economic insecurity, health disparities and more. But we’ve also seen ambitious social investment programs falter, finding ...

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LISC Newark has embarked on a new way to revive affordable housing initiatives in New Jersey’s largest city. Its centerpiece is a 19-week training program targeting a new generation of real estate developers who can work together as a network to meet local demand. LISC launched Newark’s Housing ...

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HOPE, Inc. (Home Ownership for Personal Empowerment) is a non-profit organization whose mission is to create stable, affordable housing options for people with intellectual and developmental disabilities (I/DD). This month marks the 32nd anniversary of the Americans with Disabilities Act, and the ...

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Everyone who dreams of homeownership should have the opportunity to buy a home. The stabilizing impact of homeownership on communities, as well as its physical and emotional benefits for families, have been well-documented. Owning can be one of the few routes to building equity and generational ...

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The news that the Supreme Court issued its opinion in Dobbs v. Jackson Women’s Health Organization, overturning Roe v. Wade, and removing a half century of constitutional protection allowing women to obtain an abortion, did not come as a surprise. After all, some states had already imposed ...

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I was recently in Indianapolis, celebrating the accomplishments of a local community organization, the Indianapolis Housing Partnership (INHP), with my colleagues and our partners. INHP has been an innovator in virtually every aspect of accessible, affordable homeownership. They offer a variety ...

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In an op-ed for the Providence Journal, Jeanne Cola, executive director of LISC Rhode Island, makes the important case for state government to leverage private and public resources to create quality housing that can stem the affordability crisis and boost local economies. Writes Cola, of the ...

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2022 marks my fifteenth year at LISC supporting our network of Financial Opportunity Center® (FOC) partners. During that time, I’ve seen the model, inspired by the hopes of my Chicago neighbors, grow from four sites in the city to over 130 sites based in community organizations across the United ...

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This week marks the last days of Asian American and Pacific Islander Heritage Month. The commemoration that began as a “heritage week” was first championed in the 1970s by a Congressional staffer named Jeanie Jew, and signed into law by Jimmy Carter in 1979. Nearly 15 years later, Congress finally ...

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14208. That is the zip code stalked by a racist who massacred 10 people and wounded three others in East Buffalo this weekend. His specific target: Black people.  There are no words to describe the visceral anger and grief that all of us at LISC are feeling. What happened in Buffalo was utterly ...

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In the summer of 2020, MacKenzie Scott gave a $40 million unrestricted grant to LISC, the largest donation from an individual the organization had received in its 40-year history. Today, that transformative gift is being put to work for racial justice. Scott, whose stake in Amazon has made her ...

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The following is a re-publication of a blog that was initially posted on March 2, 2022: It may not have been a formal State of the Union address, but President Biden’s remarks to Congress last night nonetheless had the same tone of agenda-setting and consensus-building that an annual address ...

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The first months of pandemic in 2020 saw an uptick in domestic violence, followed by a surge in gun violence that has not abated. As kids returned to K-12 classrooms, schools experienced a 300 percent jump in gun-related incidents compared with autumn 2019, along with increased reports of ...

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Federal economic development policies and programs have long played a critical role in fostering opportunity and resiliency for small businesses. The COVID-19 pandemic and resulting economic impacts reminded us of the fragility of small businesses, particularly those owned by economically ...

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More than 40 percent of Americans lived in counties affected by climate-related disasters in 2021, from hurricanes in the East to wildfires and drought in the West, to a historic cold snap in Texas, to heat waves and tornadoes. Scientists expect millions more people will be directly affected by ...

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