|
PA
Initiative
Alliance for Building Communities
Alliance for Better Housing
Fayette County Community Action Agency
HDC of Lancaster
NCCDC
ROI, PA
The Trehab Center, Inc.
|
Rural
LISC’s Pennsylvania Initiative
Rural
LISC
Rural LISC is a national program of the Local
Initiatives Support Corporation (LISC), the largest
supporter of community development corporations (CDCs)
working across the country to transform distressed
communities into good places to live, work, do business and
raise a family.
Pennsylvania
Initiative
The Pennsylvania Initiative that was launched
in October, 2001, Rural LISC will invest $19.85 million in
grants, low cost loans and private equity and bridge
financing into the work of eight rural Pennsylvania Partner
CDCs. In addition to financial support, Rural LISC will
provide these Partners with training, technical assistance,
research and information.
Goals
Over 6 years, Rural LISC plans to help these seven
Partner CDCs develop 750 affordable homes and 150,000 square
feet of essential facilities, assist 45 small
businesses, creating or retaining 200 permanent jobs, and providing homeownership
counseling to 450 low-income families.
Through
this initiative, Rural LISC will also work with other rural
CDCs across the state. It will train two dozen CDCs and
create a statewide network of rural CDCs to assist each
other and educate funders, lenders, investors and policy
makers. Stimulating at least three significant improvements
in the resource and policy environments is also a goal of
the Pennsylvania Initiative.
Partner
CDCs
Seven Pennsylvania organizations were chosen to be Rural
LISC Partner CDCs in this initiative:
Alliance
for Building Communities in Allentown
Alliance for Better
Housing in Kennett Square
Fayette County
Community Action Agency in Uniontown
Housing Development
Corporation in Lancaster
Northern Cambria Community Development Corporation
in Northern Cambria
Rural Opportunities,
Inc. Pennsylvania in Harrisburg
The Trehab Center
Inc. in Montrose
Funders
In support of the Pennsylvania Initiative, funding has been
provided by: The Pew
Charitable Trusts, LISC’s National Equity Fund, Inc.,
Claude Worthington Benedum Foundation, Fannie Mae
Foundation, Federal Home Loan Bank of Pittsburgh, Federal
Reserve Banks of Cleveland and Philadelphia, FleetBoston, M&T Bank,
National City, PNC Bank, and State Farm Insurance,
U.S. Department of Agriculture, U.S. Departnet of Housing & Urban Development, Wachovia.
Read
more about the Pennsylvania Initiative.
|
