LISC and Bank of America have teamed up with the city of Detroit on an innovative program to help low-income residents repair their homes and improve their neighborhoods. True to its name, the 0% Interest Home Repair Loan Program provides no-cost capital to borrowers who because of market conditions find it nearly impossible to get traditional financing.
PEORPIA, IL - July 24, 2012 - (RealEstateRama) -- When the non-profit Local Initiatives Support Corporation (LISC) begins its work in earnest in Peoria, it will focus first on two neighborhoods: the South Side and East Bluff. Both have high rates of poverty and unemployment, large numbers of vacant properties, significant crime and crumbling housing stock. Today LISC invited families in both areas to celebrate its launch with a block party to mark its commitment to neighborhood rebuilding.
NEW YORK, NY - April 3, 2012 - (RealEstateRama) -- The Local Initiatives Support Corporation (LISC) is applauding the confirmation of Wendy Spencer as CEO of the Corporation for National and Community Service (CNCS).
WASHINGTON, D.C. - December 23, 2011 - (RealEstateRama) -- The Federal Home Loan Bank of Chicago named Leo Ries Vice Chair of the Affordable Housing Committee for their Board of Directors. The Federal Home Loan Bank of Chicago is a $73 billion wholesale bank serving the needs of member housing finance institutions located in Illinois and Wisconsin. Executive Director of LISC Milwaukee since 1999, Ries has served on the Federal Home Loan Bank's Board of Directors for three years.
LISC launches Neighborhood Revitalization Loan Fund to drive affordable rental housing development with funding...
NEW YORK, NY - October 25, 2011 - (RealEstateRama) -- The Local Initiatives Support Corporation (LISC) has leveraged a $5 million grant from the federal Capital Magnet Fund to launch the Neighborhood Revitalization Loan Fund – an affordable housing loan pool designed to stimulate the development and preservation of multifamily rental housing for low-income residents.
NEW YORK and Chicago - September 21, 2011 - (RealEstateRama) -- Morgan Stanley (NYSE: MS) and National Equity Fund (NEF) today announced that they are expanding the Rebuilding Local Economies Fund, established earlier this year, to additional states that were severely impacted by Hurricane Irene
NEW YORK, NY - July 29, 2011 - (RealEstateRama) -- The Local Initiatives Support Corporation (LISC) has named Tina Brooks, undersecretary for housing and community development for the Commonwealth of Massachusetts, as its new executive vice president for programs.
WASHINGTON, D.C. - November 26, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today appointed Andrew J. Mooney as interim head of the City’s new Department of Housing and Economic Development, which will be formed through the consolidation of the City’s Department of Community Development and the Department of Zoning and Land Use Planning as of January 1, 2011.