John Moon Takes the Lead at LISC Green LLC
Local Initiatives Support Corporation (LISC) has announced the appointment of John Moon as the first president of LISC Green, LLC. In this role, he will spearhead the deployment of crucial funds from the federal Greenhouse Gas Reduction Fund (GGRF), aimed at fostering sustainable community development.
Funding for Sustainable Communities
LISC is collaborating with partners in the Power Forward Communities (PFC), a coalition that was recently awarded $2 billion as part of the larger $14 billion National Clean Investment Fund established by GGRF. This funding will be invested in various initiatives, including financing energy-efficient affordable housing, promoting green jobs, and offering technical assistance to empower local organizations in developing resilient and healthy community projects.
Experience Supporting Sustainable Development
John Moon brings a wealth of experience to his new role, having previously held significant positions in climate finance and social investing. Most recently, he was a sustainability philanthropy leader at Wells Fargo, focusing on investments aimed at reducing greenhouse gas emissions while promoting racial equity. His experience also includes strategic roles at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank.
Building an Inclusive Economy
Reflecting on his new position, Moon highlighted the importance of integrating environmental health with economic opportunity. He stated that the challenges of creating a healthier environment and fostering economic resilience in communities are interconnected. His commitment to these goals aligns with LISC’s mission of advocating for diverse and inclusive growth.
GGRF's Role in Community Transformation
The GGRF presents significant opportunities and Moon emphasized its potential to mobilize resources that attract corporate, philanthropic, and institutional investments. By tapping into these public resources, LISC aims to address the national housing crisis and promote economic growth in underserved communities.
LISC's Commitment to Community Development
Founded in 1979, LISC remains one of the largest community development organizations in the U.S. Since its establishment, it has invested over $32 billion to create more than 506,000 affordable homes and develop vital community infrastructure. LISC's dedication to addressing gaps in health, wealth, and opportunity is crucial for fostering vibrant and sustainable communities.
The Future of LISC Green LLC
As president of LISC Green, Moon is poised to lead transformative initiatives that deliver lasting benefits to disinvested communities through sustainable practices. His focus will be on establishing a practical framework that synergizes local strategies with innovative financing to ensure long-term prosperity and health for residents.
Frequently Asked Questions
What is John Moon's new role at LISC Green LLC?
John Moon has been appointed as the first president of LISC Green LLC, where he will oversee the deployment of funding from the Greenhouse Gas Reduction Fund.
What is the Power Forward Communities (PFC)?
The PFC is a coalition awarded $2 billion from the GGRF, partnering to implement initiatives that promote sustainable community development.
What areas will LISC focus on with the GGRF funding?
LISC plans to invest in energy-efficient affordable housing, green jobs, and provide technical assistance to local organizations.
How does LISC contribute to economic resilience?
LISC works to close systemic gaps in health, wealth, and opportunity, advancing racial equity and supporting sustainable economic growth.
What has LISC achieved since its founding?
Since 1979, LISC has invested over $32 billion, contributing to the creation of affordable homes and community spaces, and improving employment opportunities.
