Commitment to Action

Helping Low-Income Families Become Financially Stable

Commitment by

Local Initiatives Support Corporation (LISC)

In 2012, Local Initiatives Support Corporation (LISC) committed to opening an additional 10 Financial Opportunity Centers (FOCs) in four to five cities by the end of 2013. Local Initiatives Support Corporation provides management support to a national network of community-based groups, community college, public housing agencies, and other organizations that effectively run FOCS to help low to moderate income families become financially stable by providing them with skills that allow them to find and sustain employment by learning to budget, save, build credit and make careful use of conventional financial products and services. Once all 10 centers are up and running, LISC expects that over 2,500 people will be impacted.

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Overview
Summary

Commitment

Helping Low-Income Families Become Financially Stable

Launched

2012

Est. Duration

2 years

Estimated Total Value

$1,350,000

Region

Northern America

Countries

United States

Commitment by

Local Initiatives Support Corporation (LISC)