$600,000 Awarded To LISC To Help Improve Distressed Communities; Community Development Grant Will Benefit Seven Cities.Business Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 27, 2000 Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. , the nation's leading adjustable rate mortgage This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. originator, announced a $600,000 grant to seven local programs of the Local Initiatives Support Corporation (LISC LISC Local Initiatives Support Corporation (New York, NY) LISC Little Illini Soccer Club (Champaign-Urbana, Illinois) LISC Long Island Subaru Club LISC Laboratory for Intelligent Systems and Controls ) aimed at revitalizing re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. inner-city neighborhoods. The funds will help to expand homeownership programs, spur economic development and increase the capacity of nonprofit community development corporations (CDCs). LISC is the nation's leading community development support organization working to build the capacity of CDCs across the country. Specifically, Washington Mutual's commitment will be used to support CDCs working to improve distressed communities in: Los Angeles $245,000 Bay Area $115,000 San Diego $100,000 Seattle $50,000 Houston $35,000 Miami $30,000 Palm Beach County $25,000 This award comes as part of Washington Mutual's recommitment re·com·mit tr.v. re·com·mit·ted, re·com·mit·ting, re·com·mits 1. To commit again. 2. To refer (proposed legislation, for example) to a committee again. to a larger three-year pledge of $1.5 million. &uot;We're pleased to partner with LISC,&uot; said Craig Davis
Craig “Buster” Davis (born October 2, 1985, in New Orleans, Louisiana) is a wide receiver drafted by the San Diego Chargers. , executive vice president of mortgage banking at Washington Mutual, who also serves on the LISC national board of directors. &uot;By working together, we'll help increase the available stock of quality affordable housing as well as help build more vibrant communities in the areas where we do business.&uot; &uot;Washington Mutual has a long history of supporting community development that goes beyond dollars,&uot; said Michael Rubinger, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LISC. &uot;Eight Washington Mutual executives serve on local LISC advisory committees. These representatives provide invaluable guidance to LISC programs and help develop long term strategies for revitalizing their communities.&uot; With a history dating back to 1889, Washington Mutual is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company that provides a diversified line of banking products and services to consumers and small- to mid-sized businesses. The company operates more than 2,000 consumer banking, mortgage lending, commercial and consumer finance offices throughout the nation. LISC is the nation's leading community development support organization. In 20 years, LISC has raised and invested more than $3 billion from the country's leading corporations and foundations, and helped local nonprofit developers create 100,000 new homes and apartments and 11.2 million square feet of commercial, industrial and retail space. |
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