What does LISC mean in NON-PROFIT ORGANIZATIONS
The Local Initiatives Support Corporation (LISC) is a nationwide leader in local and regional community development initiatives. It provides financing, technical expertise, advisory services and other resources to nonprofits, government agencies, and businesses so they can develop quality affordable housing, create jobs and strengthen communities. Through its groundbreaking work in affordable housing and community development, LISC has helped address critical needs throughout the United States for more than four decades.
LISC meaning in Non-Profit Organizations in Community
LISC mostly used in an acronym Non-Profit Organizations in Category Community that means Local Initiatives Support Corporation
Shorthand: LISC,
Full Form: Local Initiatives Support Corporation
For more information of "Local Initiatives Support Corporation", see the section below.
What We Do
At LISC, we bring together corporate, philanthropic and government partners to invest in the people and places that need it most—by investing money and time in an effort to improve financial health and stability of low-income people. Our work is made possible with strong public-private partnerships that create economic opportunity for individuals, families and communities across America. We focus on three key goals: promoting economic opportunity through the creation of good jobs; providing access to quality housing; and increasing the capacity of nonprofit organizations to serve their communities. To achieve these aims, we provide capital investments for things like real estate development projects; support job training programs; build public infrastructure; assist small business development; innovate locally derived solutions from residents themselves; encourage mixed-use projects that combine retail with housing or healthcare clinics with childcare centers; spur green building innovations; help build healthy neighborhoods for children; advance sustainability efforts such as energy efficiency upgrades or improved water systems; promote preservation of historic sites or recreational spaces; foster collaboration among leaders in business, civic life and elected office.
Making an Impact
Since 1980, LISC has touched over 4 million lives with the support we have provided leveraging $22 billion in private sector investment into our nation's most distressed communities. From creating rental homes for families who have been historically overlooked by traditional lending markets to helping entrepreneurs start businesses despite difficulty accessing capital—we are changing lives one investment at a time. By creating greater opportunities of prosperity for everyone—especially those who lack access—our nation's cities become stronger engines of growth for all involved parties including local businesses striving for success.
Essential Questions and Answers on Local Initiatives Support Corporation in "COMMUNITY»NONPROFIT"
What is LISC?
LISC, or the Local Initiatives Support Corporation, is a non-profit organization that seeks to revitalize distressed communities by investing in people and businesses. By providing grants, loans, technical assistance, and more, we help create economic opportunities for people in underserved areas.
How does LISC help the community?
LISC works to promote financial stability and opportunity in our communities. We invest in affordable housing initiatives, small business development, and other social infrastructure projects like parks and schools. Our goal is to foster greater economic security and equity for residents of disadvantaged neighborhoods nationwide.
Who funds LISC?
Our main source of funding comes from philanthropic investments from corporations and foundations across the country. We also receive financial support from individuals, institutions such as banks and insurers, government agencies such as HUD, the U.S Department of Treasury's Community Development Financial Institutions Fund (CDFI), public sector funders like states and local governments, and other organizations dedicated to community development.
What types of investments does LISC provide?
We provide a variety of types of investments including grants to get projects off the ground; low-interest “patient†capital loans to jumpstart promising initiatives; bridge loans; mezzanine financing; capacity building grants tailored to improve an organization's performance; technical assistance services; research on community development investing topics; policy analysis/advocacy related to CDFI legislation/regulations; public/private partnerships related to capital formation activities; consulting services for small businesses/entrepreneurship; real estate transaction experience such as acquisition/disposition services; loan origination services through our network of CDFIs; grantmaking activities specific to targeted regions or causes.
Where can I find out more about LISC programs?
You can find more information about our programs on our website at www.lisc.org/. Here you will find detailed information about our different programs, eligibility requirements for applicants, success stories of past clients who have been supported by us, contact details for program representatives at each of our local offices throughout the country who can answer questions about applying for funding or receiving guidance on how best to utilize it if awarded.
Is there any cost associated with participating in one of these programs?
Most of our programs are provided free-of-charge but some may require a nominal fee associated with them depending on your particular needs or situation. Please refer back to our website or contact one of our local offices listed there for further clarification.
What qualifications do I need in order to apply?
Each program has its own guidelines and qualifications that you must meet before being accepted into it. Generally speaking you will need things such as proof of residence (if applicable), documented income sources that show you can repay any loans taken out (if applicable), a valid form ID etc... Please refer back to www.lisc.org/programs page for detailed qualification criteria specific to each program you are interested in applying for.
What are the typical terms & conditions associated with these investments?
The terms & conditions vary greatly depending on which type of investment option you applied for but usually include provisions regarding repayment schedules (if applicable), late fees if payments are not made within due dates specified in loan documents etc... Additionally there could be certain covenants attached requiring the borrower carry out certain actions during their tenure with us such as obtaining insurance policies etc...
Do I need a lawyer during the application process?
While having legal counsel is strongly encouraged when engaging in any kind of investment activity — especially those involving financing — it is not necessary when submitting applications with us since each one goes through very stringent internal vetting processes prior approval being granted.
Final Words:
By driving strategic investments toward creative solutions that fuel revitalization efforts within low-income communities nationwide—from rural towns to bustling cities—the Local Initiatives Support Corporation is making a real difference across America one neighborhood at a time. We strive to transform distressed areas into vibrant places where everyone can enjoy improved access to resources along with better educational outcomes overall. As we continue our journey forward building better futures today while looking ahead towards even brighter tomorrows - our ultimate goal remains the same: leaving no one behind along the path towards progress.
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