Housing & Real Estate
One of the first signs of a strong healthy community is the existence of well-maintained housing that addresses the needs of a range of income levels. High-quality, affordable housing is a core element of creating communities of choice.
Homes that have rents or mortgage payments within the financial reach of local families ensure that residents have more disposable income to spend on healthcare, food, childcare, and other necessities.
Housing
Since its inception, the Greater Newark LISC program has supported the development or preservation of more than 2,600 affordable homes and apartments in Newark and the surrounding communities.
We support investment in equitable housing development by providing a variety of loan types for affordable housing projects as well as Low Income Housing Tax Credit (LIHTC) equity through our affiliate subsidiary National Equity Fund (NEF). We also provide technical assistance to non-profit housing developers.
2,600
affordable homes and apartments
Commercial Space, Schools, and Other Facilities
We provide loans for the creation of commercial spaces that increase job opportunities for Newarkers and boost the local economy.
And to increase educational choice and access to good schools, Charter School Financing at LISC supports public charter schools that put their all into preparing students for college, career and life.
