Manufactured housing, which 20 million Americans call home, is one of the few affordable housing options in the United States. The residents of two Washington State mobile home communities recently succeeded in purchasing their parks with help from ROC USA and over $2 million in financing from Rural LISC. As a result, they have been able to stabilize their housing costs, upgrade their communities and remain in the places they love.

DC’s Tenant Opportunity to Purchase Act granted the 1400 Aspen Street Tenants Association the right to seize their building after a decade long fight. LISC, supplemented by the Department of Housing and Community Development’s Preservation Loan Fund, provided $3.9 million in acquisition financing to the association. Since rising above the COVID-19 pandemic and buyout offers, residents in the building are now settling into their upgraded permanent homes.

A dozen LISC offices work with TD Bank to create affordable housing in communities that need it most. In Upstate South Carolina, where our office opened in 2019, LISC benefits from the leadership of TD Bank’s John F. Verreault III, who chairs the Local Advisory Committee. In a new Q+A, learn why supporting affordable housing is so important to TD Bank, and to Verreault.

By Michael T. Pugh, LISC CEO

As HUD Secretary Fudge prepares to retire from public service, LISC CEO Michael T. Pugh reflects on her impact and the career-long dedication to creating affordable housing for all.

By Matt Josephs, Senior Vice President of Policy

LISC’s Matt Josephs reflects on this year’s State of the Union speech, taking particular note of the president’s comments about affordable housing, child care, climate solutions and community safety. "Taken as a whole, the speech offered a strong and hopeful statement of purpose,” Josephs said, adding that it will take sustained leadership at all levels "to translate promising ideas into on-the-ground progress for families and communities.”

Amidst record-high rental rates and limited affordable housing opportunities, some New York City residents are finding hope in the Affordable Neighborhood Co-op Program (ANCP). LISC New York helped the nonprofit Asian Americans for Equality (AAFE) secure $9.6 million in construction financing to renovate three downtown Manhattan buildings and convert them to affordable for-sale housing. Following two years of renovation, existing tenants at East 12th Street are  preparing to purchase shares in their future cooperative building.