The Local Initiatives Support Corporation (LISC) announced on September 1 the appointment of Christina Travers, one of the country's leading experts in community development finance, as its new chief financial officer (CFO). A member of OFN's Board of Directors, Travers is expected to start at LISC on November 1 and is replacing Michael Hearne, who is retiring after seven years in the position.
Travers is returning to LISC — where she previously spent more than a decade helping pioneer impact investing efforts — from Working Solutions, a nonprofit CDFI focused on microlending in the San Francisco Bay Area. As CFO at Working Solutions, she oversees the organization's financial functions as well as its portfolio management department.
"In many ways, I feel like I am coming home to LISC," Travers said. "And here's what I know: the most important thing we can do as an organization is leverage our capital and expertise to energize the work of residents, community-based nonprofits, philanthropy, anchor institutions, and policymakers to catalyze opportunity and drive inclusive growth. Every person at LISC is committed to that kind of lasting impact, and I'm proud to be a part of it."
Read the full press release.