UIPI Bulletin Board

Urban Insurance Partners Institute Web Site
Community Resources

Name of Organization
Local Initiatives Support Corporation/Chicago

Purpose 
Community development

Tax status
Not-for-profit
c (3)

Year founded
1980


f16 Annual budget
Operating: $1.2 million
Loans and financing: $10 million to $15 million per year

Total number of full and part-time staff
7 full time and 2 part time

Mission
LISC operates as a not-for-profit development bank and technical advisor for community organizations dedicated to revitalizing their neighborhoods.

Do you currently partner with insurers or representatives of the insurance industry?
Yes, principally with Allstate Insurance which has a representative on the board and provides grants and loan funds to the program. At the national level, State Farm Insurance has made a similar commitment.

Do you educate homeowners about insurance? If so, how?
Yes, indirectly, through the community oprganizations with which we work.

Are any insurance industry companies or agencies represented on your board? If
so, which ones?
Yes, as noted above.

Recent accomplishments and major awards:
LISC/Chicago is successfully completing a $45 million compaign to support its programs. Over the past 20 years, we have provided financing to roughly 100 different organizations for the development of 11,000 units of affordable housing; nearly 3 million square feet of office space; and numerous health care, day care and other community facilities.

Officers and titles
Michael Rubinger, President and CEO
Andrew Mooney, Senior Program Director/Chicago

Contact person and contact information
Andrew Mooney
(312) 697-6104

Organization Web site address
www.liscnet.org

Information provided by 
Date 6/15/01
Andrew J. Mooney


Urban Insurance Partners Institute Section


UIPI Contact
Tammy Rader
Organization contact
Andrew Mooney
Date Completed
6/21/01