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Local Initiatives Support Corporation Recognizes U.S. Bank for Supporting Neighborhood Revitalization Programs

MINNEAPOLIS--(BUSINESS WIRE)--Mar. 10, 2015-- National community development nonprofit Local Initiatives Support Corporation (LISC) named U.S. Bank its donor of the month in honor of U.S. Bank’s commitment of nearly $500,000 primarily in support of LISC’s Building Sustainable Communities neighborhood revitalization program.

U.S. Bank’s commitment goes toward Building Sustainable Communities programs through local LISC offices in ten metro areas: Chicago, Cincinnati, Duluth, Kansas City, Los Angeles, Milwaukee, Minneapolis, Phoenix, San Diego and San Francisco/Bay Area. Launched in 2007, Building Sustainable Communities brings resources and expertise to low-income neighborhoods through five pillars: expanding investment in housing and other real estate, increasing family income and wealth, stimulating economic development, improving access to quality education and supporting healthy environments and lifestyles.

“LISC’s strategy works. By applying its five pillars at the local level, LISC is able to adapt its program to address the needs of individual neighborhoods and create sustainable growth,” said Melissa Borino, director of community development for U.S. Bank. “U.S. Bank has long partnered with LISC and we’re excited about being able to partner on this initiative to help our communities reach their potential.”

U.S. Bank’s history with LISC dates back more than 30 years, during which time the bank has provided more than $500 million in funding to LISC and its development projects in the form of tax-credit investments, community development loans and corporate contributions. Beyond that, U.S. Bank leaders have served on LISC’s national and local boards.

“Building Sustainable Communities is a proven way to change the trajectory of disadvantaged neighborhoods,” said Michael Rubinger, LISC President and CEO. “U.S. Bank has been a tremendous partner in implementing this program in communities across the country.”

U.S. Bank’s funding also supports LISC’s national effort to help affordable housing developers create environmentally sustainable buildings that operate more efficiently and offer healthier living environments to residents.

About U.S. Bank
U.S. Bancorp (NYSE: USB) with $403 billion in assets as of December 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,176 banking offices in 25 states and 5,022 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

Source: U.S. Bank

U.S. Bank Corporate Communications
Pat Swanson, 651-587-3590

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