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Local Initiatives Support Corporation LISC
Housing Stimulus Package to Stabilize Neighborhoods, Attract New Capital to Communities: LISC
August 17th, 2008
The Housing and Economic Recovery Act of 2008 will help stabilize disinvested neighborhoods, offer relief to families stung by the foreclosure crisis and attract new capital to affordable housing developments that address the needs of low-income renters and homeowners, according to Local Initiatives Support Corporation (LISC), the national nonprofit force behind comprehensive community development. LISC has raised nearly $9 billion to help revitalize distressed communities across the country. "This is undoubtedly the single most important piece of housing legislation we have seen in many years," commented Michael Rubinger, LISC president and CEO. "At a time when so many...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-17)
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