LISC, Enterprise Community Partners and the Federal Reserve Bank of New York have published What's Possible: Investing NOW for Prosperous, Sustainable Neighborhoods. With contributions from LISC green and financing experts, the volume is a timely and crucial guidebook to equitable green investing and community development and especially timely on the heels of the historic $20 billion in federal investment to expand access to clean energy and climate solutions.

LISC partner GRID Alternatives has been awarded a $249,800,000 Solar for All grant from the EPA to advance renewable and clean energy sources for affordable housing communities across the country. “The grant is an incredible boon to the movement to decarbonize homes and lower energy costs that burden millions of everyday Americans,” said Michael T. Pugh, president and CEO of LISC.

LISC is one of five organizations leading Power Forward Communities, a new coalition investing in green housing and jobs to support economic opportunity and climate resilience. Today, the EPA awarded the coalition $2 billion to implement a decarbonization strategy that also lifts up under-resourced communities—making housing more affordable, mitigating climate impacts and improving local health.

NEF, one of LISC's affiliates, invested a record $1.43 billion in Low Income Housing Tax Credit production, including $70 million in dedicated funding for developers of color, creating or preserving an additional 11,100 affordable homes nationwide.

LISC Twin Cities Celebrates $1 Billion in Investments in the Twin Cities

As it celebrates its 35th Anniversary, LISC Twin Cities announced another major milestone: $1 billion dollars of investments. Over three and a half decades, LISC Twin Cities has channeled all of this capital into transformative organizations and projects, strengthened community development infrastructure and changed systems that create and perpetuate inequality of opportunity.

In a new partnership with the City of Richmond, LISC has committed $50 million to be deployed over the next five years to create affordable housing. The funds will match the city's commitment of $50 million—totaling $100 million—and “will help accelerate the speed and scale of housing development, with a ripple effect that positively impacts jobs, health, safety and other key components of opportunity and growth,” said LISC's president Denise Scott.