LISC releases 2012 annual report online
LISC had a terrific last year. We invested more than $900 million in urban and rural communities around the country. As a result, many thousands of people now go home to beautiful apartments that are affordable; shop at retail stores that are close by; have found jobs; send their kids to good schools, and play on new fields and park space. Thank you to all of our partners, donors and friends for making 2012 a great year! Check it out! Tell us what you think! More[+]...
San Fran Fed profiles LISC's Healthy Futures Fund
By Kevin Boes - In an article for Community Investments (a journal of the Federal Reserve Bank of San Francisco), Kevin Boes of LISC's New Markets Support Corporation, describes the genesis of the Healthy Futures Fund (HFF), a new program that combines health care with affordable housing. "We have long known that poor housing and poor health are related," writes Boes. What if we could find a way to truly integrate the two?" Launched with $100 million in capital from LISC, Morgan Stanley and the Kresge Foundation, the HFF is designed to spur collaboration between health care providers and housing developers to help the most vulnerable and at-risk individuals and families. More[+]...
Bridgespan's Paul Carttar "couldn't be prouder" of LISC's Financial Opportunity Centers
Paul L. Carttar, a partner at the Bridgespan Group, writes in the Philanthropy News Digest that the growth of LISC's Financial Opportunity Centers (FOCs) makes him feel like a parent "watching his or her child grow up and succeed." As the first director of the Social Innovation Fund, a branch of the Corporation for National and Community Service, Carttar was instrumental in funding the growth of the FOC program. Last month, he attended a LISC-sponsored "Scaling Up" conference in Washington D.C., where non-profit leaders discussed best practices in growing innovative programs. In his blog post, Carttar lays out the formula for the success of this approach to helping people attain financial stability, and its value as a model for other promising programs in low-income communities.. More[+]...
