Michael Rubinger, president and CEO of the Local Initiatives Support Corp. (LISC), announced that he will step down from the top post in June 2016. He has led the organization for 17 years.

Michael Rubinger
Michael Rubinger

“It's been an honor and a pleasure to lead this organization for as long as I have and to have had the opportunity to know and work with so many wonderful partners in community organizations, corporations, foundations, and government agencies all across the country,” he said in a statement posted on the LISC website. “I’m extremely proud of the many amazing things we’ve accomplished together over the years.”

He has given a nine-month notice to provide the LISC board time to select his successor and allow for a smooth transition.

LISC, a national community development support organization, works to connect local organization and communities with resources to revitalize neighborhoods. Since 1980, it has invested $14.7 billion, which has leveraged $44.1 billion in total development, including 330,000 affordable homes and apartments and 53 million square feet of retail and community space.

Rubinger took the helm at LISC in 1999, but his leadership dates back to the organization’s earliest days. He was one of LISC’s original staff members in 1980.

He was also executive vice president of the Pew Charitable Trusts and assistant commissioner of employment and training for the City of New York.