Welcome to LISC Cleveland
Local Initiatives Support Corporation (LISC), a national nonprofit that provides financing and support for community development around the country. As one of over 30 local offices, LISC Cleveland works with local government, community development corporations and other nonprofits to revitalize neighborhoods and catalyze opportunity.
Corporate Brochure
Learn more about the work we do everyday. Click the link below to view the full Corporate Brochure. [...]
LISC National Annual Report
It was a year of new leadership, new vision and renewed commitment. We invested an extraordinary $2.4 billion and doubled down on our work to create affordable housing, catalyze financial opportunity and promote climate resiliency. [...]
Latest News
MacKenzie Scott Donates $65 Million to LISC
MacKenzie Scott, the prolific philanthropist, announced that she is donating $65 million to LISC, the largest contribution in our organization’s 45-year history. This is Scott’s second grant to LISC, which builds on a $40 million gift in 2020 that was used to seed programs that narrow gaps in health, wealth and opportunity, particularly for communities of color.
Cleveland Housing Investment Fund Launches with Initial $38M Commitment to Support Equitable, Affordable Housing
LISC Fund Management has teamed up with the City of Cleveland and KeyBank to launch a new affordable housing investment fund, with authorizing legislation approved last night by the Cleveland City Council. The fund ultimately seeks to invest $100 million to fuel quality affordable housing across the city, with a focus on serving underrepresented communities and stimulating growth.
Bloomberg Spotlights MacKenzie Scott's $65 Million Donation to LISC
An article in Bloomberg highlights MacKenzie Scott’s recent unrestricted grant-making to nonprofits, including a $65 million gift to LISC. Unrestricted gifts like this, in addition to Scott’s 2020 donation of $40 million, allow LISC to intensify and build upon its work with a more flexible and innovative approach. As our CEO Michael Pugh noted to Bloomberg, “the ability to have unrestricted giving like this frankly allows us to unlock and tap into the American Dream for everyday Americans across our country.”