These kinds of projects often have great difficulty getting the capital they need to move forward," said Elise Balboni, LISC
vice president of lending.
Given that the average woman currently retires with around 43% less in retirement savings than men, it is critical that the government finds a way for the LISC
to be retained.
Providing quality affordable housing, the top priority when Mitchell SviridofF of the Ford Foundation launched LISC
, has gradually expanded under his successors, Paul Grogan and Michael Rubinger, to a far broader plan for troubled neighborhoods.
Since opening an office in Miami two decades ago and another in West Palm Beach in 1991, LISC
has provided loans, grants, and technical assistance to help CDCs develop more than 5,000 affordable houses and apartments and nearly 225,000 square feet of commercial and community facilities--usually in struggling neighborhoods where conventional investors were reluctant to do business.
The NFP provides potential minority franchisees with technical assistance and low-interest loans that are offered through LISC
and Deutsche Bank's pool of $4 million in capital.
you must carefully avoid personal involvement in any decision affecting LISC
directly or the nonprofit agencies which it assists.
Nationally, nonprofit organizations such the Enterprise Foundation and LISC
have provided crucial financing and technical support to CDCs in troubled inner-city areas.
The Kresge Foundation, LISC
and Morgan Stanley are providing another $37 million in loan and grant capital for the projects.
This is a rare joint venture of a nonprofit and private business that will benefit the community for years to come," said Michael Rubinger, CEO of LISC
NSWNMA General Secretary Brett Holmes said Mr Abbott's decision to abolish the LISC
would hurt more than 3.
With an NLC and LISC
partnership, local leaders throughout the country will have access to vital information and resources to help create and maintain successful broad-based community revitalization efforts, like the Great Indy Neighborhoods Initiative.
Traditionally, they've played an active role in low- and moderate-income housing development, says Angela Brown, program director for jobs and income initiatives at LISC