LISC Community Recovery Fund

Submitted by Chris Steins on Thu, 09/15/2005 - 11:13.

To address the devastating impact of Hurricane Katrina, LISC has created a Community Recovery Fund (CRF), with the purpose of working with local and national community development partners to support long-term redevelopment and recovery in impacted urban and rural communities.

The Fund will consist of three major components:

1) a special equity fund earmarked for Hurricane Katrina redevelopment efforts through our affiliate, NEF, Inc. in partnership with the Enterprise Foundation's Enterprise Social Investment Corporation (ESIC);

2) building the capacity of our local partners in the region, along with technical assistance and expertise to local organizations for rebuilding their neighborhoods;

3) grants and loans to our local partners for a range of community development efforts that include housing, community facilities and economic development, made possible by $500,000 seed funding from the Rockefeller Foundation.

Contributions to the CRF can be made by a check made out to LISC and sent to Lily Lim, attention "Community Recovery Fund" or on our website

http://www.lisc.org/supporters/support/index.shtml

LISC's local partners at this time include

New Orleans Neighborhood Development Collaborative http://www.nondc.org/;

Baton Rouge Area Foundation http://www.braf.org/;

Southern Mutual Help Association, Inc. http://www.southernmutualhelp.org/;

Quitman County Development Organization, Inc. http://www.qcdo.org/;

Enterprise Corporation of the Delta http://www.ecd.org/; and

Foundation for the Mid South http://www.fndmidsouth.org/.

For more information about the CRF, please contact Heidi Reijm at hreijm@lisc.org.