24 Aug 2021
Scott G. Love appointed to lead LISC Louisville, drive investment plan to fuel economic opportunity, pandemic recovery and racial justice
LOUISVILLE, Ky., August 24, 2021 / PRNewswire / – Local Initiatives Support Corporation (LISC), the country’s largest community development organization, today announced the launch of a new full-service program office in Louisville nurture inclusive growth and opportunities across the city, with a particular focus on communities with a long history of racial discrimination.
To lead the effort, LISC called on Scott G. Love as the first executive director of LISC Louisville, the national nonprofit 38e local program office. Love has over 25 years of investment experience Louisville communities, most recently as Vice President / Director of Community Development at Truist Bank where he led support for small business growth, workforce development, affordable housing, economic mobility and equity in education in Kentucky and Ohio.
Previously, he spent 12 years at Louisville Forward, the city’s economic development agency, helping drive a range of development programs, especially in communities often overlooked for investment. Prior to that, he worked for 11 years as Vice President of BB&T Bank (since renamed Truist), managing a large portfolio of commercial loans.
“Scott has the expertise and deep local connections to lead ambitious community investment efforts in Louisville, collaborating with neighborhood organizations, city officials, business leaders and residents on what works best for it. catalyze opportunities, ”said Lisa glover, President and CEO of LISC. “The goal is to help build widely shared prosperity, which gives everyone the chance to succeed, regardless of race, class, age or zip code, as inclusive growth makes the whole region stronger, ”she added.
LISC brings national resources to the city in the form of grants, low-interest loans and equity investments. For example, LISC has invested $ 3 million in the Louisville Urban League Sports and Learning Complex, which opened earlier this year, leveraging capital tied to its federal allocation of new market tax credits to support the project . This is part of over $ 16 million that LISC has already invested in Louisville market to support affordable housing, small businesses and community amenities.
“I can’t think of a more important time to invest in our people and our communities,” said Love, a Milwaukee native who lived in Louisville since 1997. “Whether we’re talking about good housing or strong businesses, healthcare, child care or family income growth, LISC can help connect the dots to create opportunities for residents and grow our economy, by especially in underserved communities. “
LISC’s entry to Louisville comes after more than two years of planning and discussion with the City of Louisville, local community groups, philanthropy and the business community on market forces and needs. Since then, LISC has established a local advisory committee made up of top business, philanthropic and community leaders to help guide its from Louisville efforts. Charlon mcintosh, senior vice president of business operations and services at Humana, chairs the committee.
Through these partnerships and the support of donors, LISC has already started to develop programs to meet local needs around small businesses, economic development, nonprofit capacity building and affordable housing.
“The support of city leaders, businesses and local funders will be essential to our local efforts to address the challenges of economic opportunity and systemic racism, especially as we begin to emerge from the pandemic,” Love said. “We can help close the gaps in health, wealth and opportunity by connecting flexible capital with innovative partners and programs. This is what LISC is doing across the country. “
In addition to her professional work, Love also donates her time to various local organizations. He has served in various capacities on the boards of directors of the Louisville Asset Building Coalition, the Wesley House Community Services, the New Legacy Reentry Corporation, Habitat for Humanity and the Community Action Partnership, among others.
Love can be reached from 25 auguste To [email protected].
With residents and partners, LISC forges communities of resilient and inclusive opportunity across America – great places to live, work, visit, do business, and raise families. Since 1979, LISC has invested $ 24 billion to build or rehabilitate more than 436,320 affordable homes and apartments; and develop 74.4 million square feet of commercial, community and educational space. To learn more, visit www.lisc.org and www.lisc.org/louisville.
SOURCE Local Initiatives Support Company (LISC)