Local Initiatives Support Corporation
Local Initiatives Support Corporation is a non-profit organization that helps the people in different environments to build a sustainable community. Safe neighborhoods and strong communities are extremely important for everyone.
Local Initiatives Support Corporation is the largest organization that works for community development and support. This organization was founded in the year 1979 by the Ford Foundation. Today the Local Initiatives Support Corporation has over 30 offices in urban and the rural areas of United States. Local Initiatives Support Corporation is headed by Mr. Michael Rubinger. He currently is the President and the CEO of the Local Initiatives Support Corporation. Other Key executives of Local Initiatives Support Corporation are Mr. Robert E. Rubin who is the Chairman and Senior Counselor, Michael Tierney is Chief Operating Officer and Executive Vice President whereas Ms. Elizabeth Pugh is the Chief Financial Officer and Executive Vice President and Joe DiFilippi, Chief Information Officer and Senior Vice President of Information Technology. Local Initiatives Support Corporation currently has the total staff strength of 350.
Local Initiatives Support Corporation has a strong network of local leaders and global organizations. This network helps the local leaders in getting access to resources that are necessary for rebuilding a strong and efficient community. Their aim is to revitalize the neighborhood with help of the global resources that are available through different organizations. Few of the most prominent supporters of Local Initiatives Support Corporation are JP Morgan Chase, Lilly Endowment Inc, Bank Of America, MetLife Inc, Goldman Sachs, AXA group, Citi foundation, Ford foundation, The William Penn Foundation etc. Individuals are also welcome to support the Local Initiatives Support Corporation in their endeavors.
Local Initiatives Support Corporation provides community development programs for establishing housing facilities, commercial facilities and industrial facilities with a view of creating sustainable community. These programs also focus on creation for jobs in America. Their Headquarters are based in 501 Seventh Avenue, New York, NY 10018, United States.
Purpose
Local Initiatives Support Corporation was founded on 23rd May 1980, with a vision of helping the local groups in re-establishing a sustainable community. The main purpose of local Initiatives Support Corporation was to create a strong network of organizations that could collaboratively provide resources to create a sustainable community.
Distressed neighborhoods needed to find a way to re-energize themselves and find a way to stand back. Local Initiatives Support Corporation works closely with different local groups to help them establish community development programs. These programs could be related to creation of industrial facilities, commercial facilities or residential facilities. It could involve educational facilities or job opportunities too. The objective behind designing and implementing various community development programs is to create equal opportunities across the urban and rural areas. Local Initiatives Support Corporation works closely with different community support groups. It provides aid in form of grants, loans along with national and state-level support.
Local Initiatives Support Corporation ensures that they support healthy environment by providing unbiased access to quality education, by creating job opportunities, stimulating economic development and spreading the investment in real estate and housing. The overall result of the coordinated efforts of the LISC volunteers has helped over 800 different community programs.
Local Initiatives Support Corporation is not just associated with providing grants and facilities, it also promotes communal harmony. It encourages people of diverse backgrounds to live happily in the same community. People from diverse backgrounds take decisions and play active leadership roles.
The results of the mission on which Local Initiatives Support Corporation has embarked have been phenomenal, leading to other organizations also taking up the mission of this corporation as their own. They have created almost 44 million square feet of retail and community space which has been utilized for designing a peaceful, safe and affordable living area.
History
Local Initiatives Support Corporation has a varied and interesting history. It started in the year 1979, when the Ford Foundation submitted a discussion paper that spoke about creation of an organization that can help the local groups in re-establishing and revitalizing the community groups. This led to emergence of Local Initiatives Support Corporation. The year 1980, saw the formal announcement of LISC.
Local Initiatives Support Corporation started on 23rd May 1980 with the opening capital of ten million dollars. Major supporters of the corporation were Prudential Insurance Co, Ford Foundation, Atlantic Richfield, Continental Illinois Bank, Aetna Life & Casualty, International Harvester, Levi Strauss & Co. The First chairman of Local Initiatives Support Corporation was Robert D. Lilley whereas the Mike Sviridoff was the first president. The year 1982 made the world get up and take notice of Local Initiatives Support Corporation because it had managed to assist 133 community development groups. These groups were spread across 28 states in 59 localities. In the same year Local Initiatives Support Corporation committed over 10 million dollars in forms of grants and loans.
John P. "Jake" Mascotte became the chairman of Local Initiatives Support Corporation in the year 1989. 1989 also saw the launch of National Equity Fund which was created with a view of raising substantial capital through Low Income Housing Tax Credit Program. In the year 1990, the Local Initiatives Support Corporation spread its wings across 26 geographical locations. By the year 1990, LISC was supporting 800 community development programs. In the year 1999, Michael Rubinger became President of LISC and Robert E. Rubin became Chairman of LISC. In the year 2010, LISC has committed to grants worth 1.1 billion dollars in form of grants and loans. This speaks volumes about the work done by LISC in spite of economic challenges and recession.
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