Quality Affordable Housing
A requisite for a stable life
Housing is the cornerstone of our mission, even as our vision has expanded to incorporate work to improve education, health, safety and economic growth. A safe, affordable home is one of the basic requisites of life.
Detroit LISC invests in all kinds of affordable housing. We help develop new multi-family rentals like the Bell Building which houses 155 previously homeless individuals. Detroit LISC has also partnered with the City of Detroit, Bank of America and the Rocket Mortgage Community Fund to lead the 0% Interest Home Repair Loan program that works to improve and preserve existing homes that could be lost to market forces or deterioration.
Building the capacity of our partners to improve the supply and condition of affordable housing in their neighborhoods is also a part of how we work to create access to stable homes. We offer technical assistance, data and mapping tools to community-based organizations and we advocate for good housing policy at all levels of government.
To make this all happen, we provide grants, loans and equity for nearly every aspect of development, from planning and acquisition to construction and renovation. We work alongside LISC National and our affiliate, the National Equity Fund.
Visit our National site for more information about the housing products and services we offer.
Interested in a City of Detroit 0% Interest Home Repair Loan? Learn more at the Detroit Home Loans site below.
LISC is partnering with the City of Detroit and MSHDA on a $250 million fund to invest in the preservation and development of affordable housing in Detroit. Launching in January 2019.
National Equity Fund (NEF) is a nonprofit affiliate of the Local Initiatives Support Corporation (LISC) and a leading syndicator of Low Income Housing Tax Credits (LIHTC).
Detroit LISC is honored to work with NEF and their Midwest staff. If you would like to contact Kristen Senff, Vice President of Originations or Jennifer Rivera, Vice President of Asset Managerment, their contact information is below.