Sunday, June 26, 2005

LISC Makes $22 Million Committment to Philadelphia

Philadelphia Local Initiative Support Corporation (“LISC”) announced a $22 million commitment of private/public funding to Philadelphia over the next couple of years (see story). Philadelphia LISC has assisted in the development of thousands of housing units, the construction of shopping facilities and community centers, commercial corridor rejuvenation, and cultivation of Philadelphia's community development corporations’ professional capacity. Among other things, LISC gathers corporate, government and philanthropic capital to help community development corporations revitalize underserved neighborhoods.

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