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Local Initiatives Support Corporation : ウィキペディア英語版
Local Initiatives Support Corporation

The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development corporations in 30 urban areas and dozens of rural areas in the United States.〔(【引用サイトリンク】 LISC Homepage (About Us) )〕 LISC was created in 1979 by executives from the Ford Foundation.〔(【引用サイトリンク】 Case 52: Local Initiatives Support Corporation (LISC) )〕 LISC is affiliated with the National Equity Fund (NEF), the largest national syndicator of Low Income Housing Tax Credits (LIHTC), and the New Markets Support Company, a national syndicator of New Markets Tax Credits 〔(【引用サイトリンク】url=http://www.newmarkets.org/section/aboutus )
LISC and its affiliates support community development projects through grants, loans and equity investments. In the 2012 fiscal year, it reported grants, loans and investments totaling US$903 million, leveraging $2.8 billion in total development. Since 1980, LISC has been responsible for the creation of 303,500 affordable homes and apartments, 49.4 million square feet of retail and community facilities, 180 schools, 184 child care facilities and 269 playing fields.
== History ==

The idea for LISC was conceived in 1979 by a group of Ford Foundation officials and trustees visiting community development projects in Baltimore. One of the trustees asked Ford Foundation Vice President Mitchell Sviridoff "what he would do if he had $25 million to spend on helping declining cities." Sviridoff responded that he would "identify competent leaders in 50 to 100 communities around the nation and give them as much money and support as possible." Sviridoff went on to become LISC's first president.
LISC was founded in December 1979 and formally announced in May 1980, with $10 million in capital from the Ford Foundation, Aetna, Continental Illinois Bank, International Harvester, Levi Strauss & Co. and Prudential Insurance. LISC's initial areas of concentration were the South Bronx, Boston and Chicago. By 1985, it had raised $100 million and was active in 20 cities. In 1987, LISC created the National Equity Fund to syndicate the Low Income Housing Tax Credit created by the Tax Reform Act of 1986.
In 1995 LISC launched Rural LISC, expanding beyond urban areas in an effort to spur rural economic and housing development. In 1997 it partnered with the NFL to create and refurbish playing fields in low-income urban areas. In that year President Bill Clinton toured Charlotte Street in the Bronx, one of the first LISC projects, saying "Look at where the Bronx was when President Jimmy Carter came here in despair. Look at where the Bronx was when President Reagan came here and compared it to London in the Blitz. Look at the Bronx today. If you can do it, everybody else can do it." In 1999, Clinton's Treasury Secretary Robert Rubin became the Chairman of the Board of LISC. In 2002, with support from the Walton Family Foundation, LISC began financing charter schools.〔(【引用サイトリンク】url=http://www.lisc.org/section/aboutus/history )

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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