About Us
OUR MISSION & OUR STRATEGY: We accomplish this by: t
party
technical assistance
from consultants; t
shepherding CDC projects through
city and state governments’
administrative and political structures; t
providing
a template for the CDC
development process; t
hearing
the concerns of CDCs; t
helping
CDCs articulate needs
to public and private decision makers; t
creating
opportunities for public and
private sector lenders to support the work
of CDCs. PROGRAM HISTORY Given the local LISC’s success in
Newark, 2001
marked the first full year of our expansion efforts in the areas of
Jersey
City,
Irvington, East Orange and Orange. The expansion led to a name change that reflects our work beyond the Newark border line, Greater Newark & Jersey City LISC.
We have helped CDCs to increase their capacity to undertake new construction, rehab and other community development activities. With our support CDCs have become key suppliers of
services needed by many low-income families. CDCs are makingdramatic inroads
in targeted communities by taking advantage of various opportunities that the Greater Newark & Jersey City LISC has to offer in the following areas: For more information, use the links above or please visit the Programs section of the site or click here.
The Greater Newark & Jersey City LISC's mission is to assist Community Development Corporations (CDCs) in
revitalizing their communities.
t
providing
direct technical assistance to CDCs
through the advice and support of
LISC staff; third
The
Newark LISC Program began in 1987 when 19 corporations and banks provided a
total of $450,000 to a local fund that National LISC supplemented with a
$350,000 contribution. Since its
inception, Newark LISC and our affiliate, the National Equity Fund (NEF), have brought
more than $37 million into the Newark
community which in turn has leveraged an additional $58.5 million from public
and private funding sources. With
this backing, our local program has worked to assist CDCs in the completion of
over 1,000 affordable housing units, with more on the way.