DVM Consulting Corp recently closed with LISC on critical early stage financing to build affordable housing on five city-owned parcels near the intersection of Blue Hill Avenue and Fabyan Street in the Mattapan neighborhood in Boston.

LISC, in partnership with five other participating lenders, recently closed on $3 million in predevelopment financing to the Black-led developer of Nubian Square Ascends, a mixed-use redevelopment of the Blair Lot, a vacant City-owned parcel in the heart of the Roxbury neighborhood of Boston.

LISC recently approved acquisition funding, supporting The Neighborhood Developers' (TND) acquiring and preserving twenty-seven (27), 100% affordable homes for seniors and individuals with disabilities in Chelsea.

This is the first time an organization has bought an occupied building in Chinatown to maintain affordability and prevent displacement for the residential and commercial tenants.

The Mass General Allocation Committee selected Local Support Initiatives Corporation (LISC) Boston, a community development financial institution, for a $1.1 Million affordable housing investment to seed the Community-Based Predevelopment and Acquisition Fund.

LISC's Equitable-Transit Oriented Development Fund (ETODAF) invested in The Neighborhood Developer's (TND) purchase of an affordable property in Chelsea to keep existing residents from being displaced.

Karen E. Kelleher and Paul S. Grogan

In an op-ed for the Boston Globe, Karen E. Kelleher, LISC Boston’s executive director, and Paul S. Grogan, CEO of the Boston Foundation and former LISC CEO, sound an urgent call to action to tackle their city's affordable housing crisis.