March 1, 2010

The Local Initiatives Support Corporation (LISC) invested $607 million during 2009 to help transform distressed neighborhoods into good places to live, work, do business and raise families.

The 2009 grants, loans and equity investments are part of LISC's Building Sustainable Communities effort, a comprehensive quality-of-life strategy for community revitalization. In 2009, that included LISC support for new charter schools and affordable child care centers, crime reduction and foreclosure relief programs, small business initiatives, athletic facilities and parks, financial counseling and job training, urban farms and markets, multi-family housing construction and preservation, health programs, and job creation efforts, among other things. All told, LISC investments leveraged nearly $1.2 billon in total development activity to benefit low-income residents and their communities.

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Source: Local Initiatives Support Corporation