Founded in 1980, LISC is a national nonprofit that helps community organizations revitalize distressed neighborhoods. LISC has local offices in 30 cities and provides technical assistance and training; grants, loans and equity capital; and policy support. The $13 billion invested since inception has leveraged an additional $41 billion from public and private sources to help create over 310,000 affordable homes and 51 million square feet of commercial and community facilities.
The perspective at LISC on “green” is decidedly local, and grounded in real world impact. Environmental sustainability efforts are part of a broad-based strategy to revitalize distressed neighborhoods and improve the quality of life for those who live there. Physical redevelopment, especially as regards affordable housing, is fundamental to the recovery of places impacted by disinvestment and decline. Through financial and technical assistance, LISC helps owners to pursue “green” practices in the construction, rehabilitation and management of affordable housing that reduces environmental impact, while lowering operating expenses to help properties to maintain strong operations over the long term.
Atlanta, GA; Boston, MA; Buffalo, NY; Chicago, IL; Greater Cincinnati, OH and North Kentucky; Connecticut; Detroit, MI; Duluth, MN; Harford, CT; Houston, TX; Indianapolis, IN; Jacksonville, FL; Greater Kansas City, KS and MO; Los Angeles, CA; Michigan; Milwaukee, WI; New York City, NY; Greater Newark, NJ; Peoria, IL; Philadelphia, PA; Phoenix, AZ; Pittsburgh, PA; Rhode Island; San Antonio, TX; San Diego, CA; San Francisco Bay Area, CA; Toledo, OH; Twin Cities, MN; Virginia; Washington, D.C.; State of Washington; select rural areas.
LISC is committed to developing financing solutions that enable multifamily owners to meet their portfolio energy efficiency goals. Providing an array of tailored loan products; LISC delivers Low Income Housing Tax Credit (LIHTC) equity through their affiliate National Equity Fund, Inc., one of the nation’s leading LIHTC syndicators; and provides New Markets Tax Credit financing through its affiliate New Markets Support Corporation.
Name: Rechael Ikwuagwu
LISC is a national nonprofit that helps community organizations revitalize distressed neighborhoods.
| Goal Achieved|
$146 MillionAs of December 2018