Word: lisc
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...addition, Harvard's example will encourage other private institutions and the government to contribute to affordable housing, according to Mathew A. Thall, senior program director of Boston's Local Initiatives Support Corporation (LISC), a nonprofit organization which will dispense $10 million of the loan...
Three nonprofit institutions selected by Harvard--LISC, Boston Community Capital (BCC) and Cambridge Affordable Housing Trust (CAHT)--will dispense the loans to development groups building new units and renovating existing housing to increase affordability...
Thall predicted that the $10 million Harvard loaned LISC will attract $150 million more. Overall, Harvard's loan will allow LISC to create about 4,000 new units of affordable housing over 20 years, he said...
Since 1986, Grogan has worked as president andCEO of the Local Initiatives Support Corporation(LISC), a non-profit organization that funds innercity and rural revitalization work...
Before heading LISC, Grogan held a number ofsenior posts in the Boston city government, wherehe managed housing, social services, job trainingand neighborhood economic development programs. Hewas deputy director and later director of theNeighborhood Development and Employment Agency...