Media Advisory

LISC and New York Fed to Convene Transforming Communities Summit on December 12

Conference will consider impact of existing community investment vehicles and explore emerging opportunities
December 06, 2017

NEW YORK—A prominent group of business, government and philanthropic leaders will come together next week to discuss how community development finance can transform communities in need.

Cohosted by the Local Initiatives Support Corporation (LISC) and the Federal Reserve Bank of New York, the one-day summit is designed to highlight successful community development investments and connect the capital markets’ growing interest in impact investing with urgent, local demand for financing.

WHAT: Transforming Communities: Driving and Assessing Investment is an invitation-only event focused on the need for data-driven and innovative community development investments. Speakers and participants will define how community development finance tools can change the outlook for under-resourced areas, outline what metrics investors can use to assess impact, and foster new partnerships to accelerate the pace of investment. This event is on-the-record and is open to members of the press, though space is limited. The summit will also be streamed live for public viewing for those who register through the Transforming Communities webpage.

WHEN/WHERE: December 12, 2017; 9:00 a.m.-3:00 p.m.
Federal Reserve Bank of New York

WHO: Presenters include leaders in economic development, workforce development, community health, affordable housing and impact investing, as well as officials from the Federal Reserve Board of Governors, the New York Fed and LISC, a national nonprofit that has invested more than $12 billion to revitalize communities. Please see the event webpage for further details and the full conference agenda.

WHY: Community development investments support economic resiliency and more mobility in our communities. The conference will touch on successful strategies for high-impact investments.

MEDIA: To register to attend in person, please contact Betsy Bourassa at the New York Fed: betsy.bourassa@ny.frb.org or (212) 720-6885.

Contacts:
Colleen Mulcahy
colleen@mulcahycommunications.com

Betsy Bourassa
betsy.bourassa@ny.frb.org