Top Facebook executives just made our day. After announcing that LISC will manage Facebook’s Catalyst Housing Fund to develop affordable housing in Silicon Valley, COO Sheryl Sandberg and Elliot Schrage, VP of communications & public policy, took to their respective FB platforms to share the value of our track record linking low-income people with economic opportunity.
Sheryl Sandberg on Facebook:
Last year we pledged $18.5 million to establish the Catalyst Housing Fund, a partnership with community groups and local governments to increase and protect affordable housing. Today we're announcing that the Local Initiatives Support Corporation (LISC) will help us manage and grow the fund up to $75 million in the coming years. For almost 40 years, LISC has been dedicated to creating high-quality affordable housing around the country. Read the Post [+]...
Elliot Schrage on Facebook's Newsroom:
Facebook stands for community. Our commitment extends from our global community to our physical headquarters in California. We are particularly dedicated to being an active and responsible partner at our home. Last December, we announced a partnership with Envision Transform Build and the cities of East Palo Alto and Menlo Park to create regional solutions to the affordable housing crisis. We’re pleased with the progress this partnership has made and we’re excited to announce that the Local Initiatives Support Corporation (LISC) will manage the Catalyst Housing fund in collaboration with Housing Trust Silicon Valley and possibly other local organizations in the future. Continued [+]...