Local Initiatives Support Corporation

Brian Surratt Appointed President and CEO of Greater Seattle Partners

Retrieved on: 
Tuesday, February 1, 2022

SEATTLE, Feb. 1, 2022 /PRNewswire/ --Brian Surratt has been appointed president and chief executive officer of Greater Seattle Partners (GSP), effective February 28, 2022.He will lead GSP's global marketing, economic development and international trade and investment strategies to drive quality jobs, investment and talent to the Greater Seattle region.

Key Points: 
  • SEATTLE, Feb. 1, 2022 /PRNewswire/ --Brian Surratt has been appointed president and chief executive officer of Greater Seattle Partners (GSP), effective February 28, 2022.He will lead GSP's global marketing, economic development and international trade and investment strategies to drive quality jobs, investment and talent to the Greater Seattle region.
  • "I am honored to lead GSP as we continue its mission to drive investment and quality jobs into Greater Seattle to create and sustain opportunity and prosperity for everyone in our region," said Surratt.
  • While in various economic development leadership roles with the city of Seattle, Brian oversaw efforts that spanned workforce development, manufacturing growth, foreign-direct investment and anti-displacement strategies.
  • Brian and I have been close colleagues and friends for 20 years, and I'll be glad to help him hit the ground running."

United Way Worldwide Launches MyFreeTaxes in English and Spanish for 2022 Tax Season

Retrieved on: 
Thursday, January 27, 2022

ALEXANDRIA, Va., Jan. 27, 2022 /PRNewswire/ -- United Way Worldwide today announced today that MyFreeTaxesis, for the first time, available in both English and Spanish .

Key Points: 
  • ALEXANDRIA, Va., Jan. 27, 2022 /PRNewswire/ -- United Way Worldwide today announced today that MyFreeTaxesis, for the first time, available in both English and Spanish .
  • By supporting United Way Worldwide in its expansion of MyFreeTaxes, we'll ensure more people have access to assistance as they navigate the process and look to gain financial stability."
  • United Way provides MyFreeTaxes in partnership with the IRS's Volunteer Income Tax Assistance (VITA)program that helps filers prepare their tax returns on their own or have them prepared at no cost.
  • MyFreeTaxes users can also contact their local United Way for additional resources or to find ways to volunteer to support their community.

National Equity Fund (NEF) Announces a Record $2.2 Billion in Investments for 2021 and Celebrates 35 Years of Commitment to Affordable Housing

Retrieved on: 
Thursday, January 20, 2022

CHICAGO, Jan. 20, 2022 /PRNewswire/ --In 2021, National Equity Fund (NEF) had its strongest performance throughout its 35-year history.

Key Points: 
  • CHICAGO, Jan. 20, 2022 /PRNewswire/ --In 2021, National Equity Fund (NEF) had its strongest performance throughout its 35-year history.
  • The nonprofit raised and deployed a record-breaking $2.2 billion in affordable housing investments, which included a record $1.23 billion in LIHTC investments and a record $930 million in affordable housing preservation lending.
  • In total, these investments created and preserved 13,550 affordable homes in 2021.
  • National Equity Fund was founded by its affiliate Local Initiatives Support Corporation (LISC), on January 9, 1987.

Foot Locker, Inc and LISC announce funding for 16 organizations focused on advancing health, wealth, and upward mobility in BIPOC communities

Retrieved on: 
Thursday, January 13, 2022

For both LISC and Foot Locker, Inc., this funding is part of larger national efforts focused on economic opportunity and racial equity.

Key Points: 
  • For both LISC and Foot Locker, Inc., this funding is part of larger national efforts focused on economic opportunity and racial equity.
  • In this first round of funding of $1.26 million, LISC and Foot Locker, Inc. identified 16 high-impact programs across 12 metro areas.
  • These organizations have a deep connection to the communities they serve and understand the issues they face.
  • LISC is one the country's largest community development organizations, helping forge vibrant, resilient communities across America.

Foundation for Financial Planning Announces 2022 Grant Recipients

Retrieved on: 
Thursday, January 13, 2022

FOCs provide income supports and career and financial coaching services that help low- to- moderate income families improve their finances.

Key Points: 
  • FOCs provide income supports and career and financial coaching services that help low- to- moderate income families improve their finances.
  • FFP will fund LISC, as well as the Chinese Community Center and Wesley Community Center, two FOCs in Houston, TX, to pilot the integration of pro bono financial planning into existing programming.
  • In 2022, FFP will also award its third annual Alexandra Armstrong Innovation Grant to another first-time grantee, After Innocence.
  • This grant will enable us to answer that call by matching them with pro bono financial planners.

Uber and Visa Announce Grants For Growth Program, Providing $1 Million in Grants and Resources to Support Small Businesses

Retrieved on: 
Monday, January 10, 2022

Focused on restaurant recovery and entrepreneurship, the program was created to support merchants when they need it most.

Key Points: 
  • Focused on restaurant recovery and entrepreneurship, the program was created to support merchants when they need it most.
  • "The United States Hispanic Chamber of Commerce applauds our partners at Visa and Uber for launching this important grant program.
  • In addition to financial support, selected merchants will receive placement in the Uber Eats app and disaster recovery and resiliency guides from Uber and LISC.
  • Merchants interested in applying for the Grants for Growth program can apply at lisc.org/uber from January 17-24, 2022.

LISC announces 46 CDFI partners for Economic Mobility Corps to support family financial stability, fuel local growth in areas with persistent poverty

Retrieved on: 
Monday, December 20, 2021

This week, LISC announced its local partners for the Economic Mobility Corps (EMC), an effort developed jointly by AmeriCorps and the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund).

Key Points: 
  • This week, LISC announced its local partners for the Economic Mobility Corps (EMC), an effort developed jointly by AmeriCorps and the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund).
  • They will address critical issues like financial and debt management, including saving for homeownership, while also helping to connect low-income families to affordable financial products.
  • "The EMC puts people on the ground, in communities, to build the local capacity of CDFIs and to help put families on a path to financial stability and homeownership opportunities.
  • Of the 46 community lending partners LISC selected for the program, 67 percent are led by racially diverse CEOs, and 77 percent serve areas of persistent poverty.

SOME (So Others Might Eat) Officially Opens Karin House To Provide Safe, Dignified Housing To 40 Seniors In Ward 4 On The Historic Walter Reed Campus

Retrieved on: 
Thursday, December 16, 2021

This property will provide 40 seniors with newly renovated apartments on the historic Walter Reed campus in Washington, D.C. Karin House will offer efficiency units for older adults who earn no more than 30% family median income (FMI).

Key Points: 
  • This property will provide 40 seniors with newly renovated apartments on the historic Walter Reed campus in Washington, D.C. Karin House will offer efficiency units for older adults who earn no more than 30% family median income (FMI).
  • Karin House is aligned with Mayor Bowser's and SOME's shared goal for the equitable distribution of affordable housing throughout the city.
  • SOME believes that affordable housing and supportive programs improve the economic status of residents, revitalize neighborhoods, and stabilize lives.
  • SOME is proud to continue to expand its affordable housing portfolio into Northwest DC, making these vibrant neighborhoods accessible for those experiencing extreme poverty.

Denise Scott promoted to LISC president

Retrieved on: 
Thursday, December 9, 2021

Scott has served as LISC's executive vice president for programs since 2014, overseeing 39 local program offices and nine national programs .

Key Points: 
  • Scott has served as LISC's executive vice president for programs since 2014, overseeing 39 local program offices and nine national programs .
  • "Denise and Lisa are proven leaders who reflect the tremendous diversity of talent at LISC," said Robert E. Rubin, LISC chairman.
  • Scott, who joined LISC in 2001, brings deep experience in the philanthropic, finance and public policy sectors to her new position.
  • "I'm truly honored to serve as president of LISC and to work closely with Lisa to deepen LISC's impact in urban and rural communities," said Scott.

FOOT LOCKER, INC. AND LAUREUS SPORT FOR GOOD LAUNCH MULTI-COUNTRY INITIATIVE TO SUPPORT YOUTH IN UNDERSERVED COMMUNITIES

Retrieved on: 
Thursday, December 9, 2021

NEW YORK, Dec. 9, 2021 /PRNewswire/ -- Laureus Sport for Good Foundation, ("Laureus") and Foot Locker, Inc. (NYSE: FL) ("Foot Locker"), through the Foot Locker Foundation, are partnering to launch a multi-country initiative aimed at supporting underserved communities and addressing health, wealth, and opportunity gaps.

Key Points: 
  • NEW YORK, Dec. 9, 2021 /PRNewswire/ -- Laureus Sport for Good Foundation, ("Laureus") and Foot Locker, Inc. (NYSE: FL) ("Foot Locker"), through the Foot Locker Foundation, are partnering to launch a multi-country initiative aimed at supporting underserved communities and addressing health, wealth, and opportunity gaps.
  • Working with organizations in nine metropolitan areas across Europe and Canada, the Program will build on Laureus and Foot Locker's shared goal to address social challenges affecting youth in underserved communities.
  • "For us at Laureus and for many of the young people this program is targeting, sport is the tool.
  • We're excited to team up with Foot Locker on this program, using sport to help address the health, wealth, and opportunity gaps in underserved communities."