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LISC - Creating and Financing Affordable Housing

Thursday, May 04, 2006

When Oramenta Newsome came to D.C. in the mid-1990s, the city was careening toward bankruptcy. There was no shortage of affordable housing because nobody wanted to invest in the city. As head of the New York-based Local Initiatives Support Corp.'s D.C. office, Newsome's job was to work with an energetic bunch of nonprofits to leverage private-sector investments to finance affordable housing and community development projects.
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