Established in honor of Jack Shannahan, the former director of the Connecticut Historical Commission and State Historic Preservation Officer; and a founder and first Board Chair of CMSC, the Jack Shannahan Award for Public Service recognizes public and private sector individuals and organizations that exemplify a high standard of leadership with a deep commitment to the success of Connecticut’s Main Streets.
Andrea Pereira, a former Board Chair of CT Main Street Center, has been a partner in CMSC’s Come Home to Downtown program, providing financing through the Come Home to Downtown Loan Fund. CMSC is proud to present this award to Andrea Pereira, Executive Director of Local Initiatives Support Corporation (LISC), for her leadership in guiding strategic investments aimed at creating tangible, sustainable improvements in our communities.
Andrea Pereira has led LISC for over 20 years, having previously served as the Director of Urban Revitalization & Investment at the State of CT Department of Economic & Community Development. An alumna of Trinity College and Columbia University, Andrea is an accomplished community development professional with expertise in community development finance, organizational development, nonprofit management, grant-making, public policy, and program development.
As a national community development organization, LISC equips communities with the capital, strategy and know-how to become places where people can thrive. With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.
For over 20 years, Ms. Pereira has guided LISC Connecticut as they provide financial and technical resources to over 60 local housing and community development organizations each year. LISC also offers predevelopment, acquisition, bridge and/or construction financing for affordable housing and other community development projects. The Connecticut Transit-Oriented Development Fund, managed by LISC, is a $15 million loan fund for site acquisition and predevelopment to support transit oriented development along CTfastrak and commuter rail corridors.
Additionally, LISC helps local groups increase affordable housing options in cities and in small, mainly rural communities across the state. These efforts “make the state more accessible, inclusive and economically stronger,” says Ms. Pereira. Since 1984, Connecticut LISC has invested $79 million in loans and grants in communities across the state. The investment facilitated the creation of 4,650 affordable homes and apartments and 365,000 sq ft of commercial and community space, and has leveraged $820 million of community development activity.