MESSAGE FROM LEADERSHIP
///////// 2022 was an exciting year of growth and innovation for the LISC Houston office. I officially became the new LISC Houston Executive Director in June 2022 and am proud of the work staff accomplished throughout the year.
We invested $4.6 million in our partners, launching new initiatives such as increasing the number of homeowners of color in Harris County and advancing transit-oriented development efforts while also growing initiatives such as our work with our Business Development Organizations (BDOs) and an income supports tool development with our Financial Opportunity Centers (FOCs). Internally, we moved to our new offices on Sawyer Street, in the historic First Ward, while also growing our programmatic staff, including a new Director of Community Programs position.
As a community development financial institution (CDFI) and intermediary, LISC Houston continued to access and provide critical resources to the communities and partners we support, enhancing the effectiveness of direct service programs and increasing available community development resources.
We are proud to share our accomplishments for 2022 and look forward to the work ahead. Thank you for your commitment to Houston’s communities.
Laura R. Jaramillo Executive Director LISC Houston
PROGRAM OVERVIEW + WINS
LISC Houston’s approach is comprehensive, impactful, and most importantly, focused on what neighbors want for themselves, their families and the places where they live. We invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities while also developing the leadership and capacity of partners to advance our work together.
Community Development
Our work to build stronger, more sustainable communities is guided by a larger vision of community development. Our GO Neighborhoods initiative is a place-based comprehensive community development approach led by local residents and stakeholders to revitalize targeted neighborhoods, which LISC supports by providing a framework, investments and strategy support.
2022 Win: LISC Houston awarded fifteen organizations small grants up to $5,000 for projects with a focus on making direct impact within neighborhoods and bringing communities together. These projects engaged over 3,100 community participants, formed over 175 new community leaders, developed over 135 strategic partnerships and leveraged over $300,000.
373 projects and events were completed in Comprehensive level GO Neighborhoods partner communities
15 impact projects and initiatives were completed in all GO Neighborhoods partner communities
$627,000 was invested by LISC directly into partner communities
$527,000 was leveraged by partners = cash investment created by LISC grants and loans
60,000 active participants implementing Quality of Life Agreement projects, programs and policies
3,089 unduplicated clients served through four Financial Opportunity Centers:
- 1,692 people received employment coaching, resulting in 315 people accessing jobs
- 1,128 families received income support coaching
- 3,047 people received one-on-one financial coaching resulting in:
- 1,017 clients increasing their credit scores,
- 793 clients increasing net income,
- 826 clients increasing their net worth.
318 small businesses registered and accessed the Verizon Small Business Digital Ready platform
$150,000 in capital deployed through loans for small businesses in the Houston region.
Economic Development
LISC Houston supported a network of four Financial Opportunity Centers (FOCs) and five Business Development Organizations to create accessible opportunities for residents to find jobs that increase their income and financial health, while also growing businesses and rebuilding neighborhood economies through integrated strategies that develop people, places and businesses.
2022 WIN As part of LISC Houston’s expansion of our local economic development strategy, LISC Houston launched an Economic Development Recovery and Resiliency RFP to support innovative efforts to spur economic growth in our GO Neighborhoods and align with our economic development pillars of supporting people, places and businesses. Three grantees – My Connect Communities, Emancipation Economic Development Council (EEDC) and Urban Community Network were awarded and completed their projects in 2022.
Housing Development
Through our real estate lending and housing capacity building programs, LISC Houston provides loans, grants, and tax credit equity to assist community development organizations developing affordable housing and neighborhood improvements to advance projects important to community revitalization. LISC Houston also provides technical assistance and capacity building to ensure these organizations are strong and have the resources to successfully carry out projects and programs.
2022 WIN LISC Houston convened the Harris County Homeownership Collaborative, a collaborative of nine local non-profits, housing counseling agencies and government organizations, who together were awarded $7.5 million from the Wells Fargo Foundation to implement an innovative set of local strategies to create 5,000 net new homeowners of color in Harris County by 2026.
13 individuals from six partner organizations participated in the CHAM Asset Management Specialist Certification to build capacity around asset management.
28 non-profit organizations were provided with one-on-one support with technical assistance and capacity building trainings
17 organizations participated in a Preservation Learning Collaborative to advance best practices and learnings around preserving naturally occurring affordable housing.
544 people of color became homeowners through the convening of the Harris County Homeownership Collaborative
BY THE NUMBERS
Since 1989, the collaboration of LISC Houston and its affiliates has resulted in:
$563M
invested
2M
square feet of commercial space
$1.5M
leveraged
affordable homes & apartments
OUR FUNDERS
2022 Private Sector Support
Allegiance Bank
Amegy Bank
AT&T
BancorpSouth + Cadence Bank
Bank of America
Bank of America Charitable Foundation
Barlovento Foundation
Capital One
CenterPoint Energy Foundation
CommunityBank of Texas
Episcopal Health Foundation
Financial Health Network
Foundation for Financial Planning
Frost Bank
Greater Houston Community Foundation
Houston Endowment Inc.
Individuals
Journey Charitable Foundation
JPMorgan Chase Foundation
Lowe's Companies, Inc.
MetLife Foundation
Northern Trust
PNC Foundation
State Farm
Truist Financial Corporation
United Way of Greater Houston
Verizon
Wells Fargo
Thank you to our generous funders for supporting LISC Houston's mission throughout 2022.”
– Laura R. Jaramillo
2022 Public Sector Support
City of Houston Housing & Community Development Department
Harris County Department of Economic Equity & Opportunity
U.S. Department of Housing and Urban Development
OUR TEAM
LISC Houston Team
Clare Boulet Deputy Director
Rickie Bradshaw III Senior Program Officer
Yvonne Dotie Program Officer
Laura R. Jaramillo Executive Director
Michael Johnston Program Assistant
Catie Licalzi Program Officer
Ellary Makuch Program Officer
Rushka Tcholakova Director of Community Programs
S. Jake White Senior Program Officer
Local Advisory Board
Robert Weylandt (Chair) J. P. Morgan Private Bank
Cassandra Silvernail (Vice Chair) Bank of America
Keiji Asakura Asakura Robinson
Peter Beard Greater Houston Partnership
Tonyel Edwards The Bridgespan Group, National
Ross Folkenroth Woodforest National Bank
Luis Guajardo Harris County Precinct 4
C.J. Eisenbarth Hager Episcopal Health Foundation
Rosie Valadez McStay RVM Strategies, LLC
Shahara Wright Menchan The Wright Firm, PLLC
Ralph Miller PNC
Ray Miller Amegy Bank
Lora Routt
Michelle Taylor U.S. Airforce
LISC Houston
602 Sawyer Street, Suite 205, Houston, TX 77007
(713) 334-5700
Learn more at www.lisc.org/houston