Stories
LISC and Coalition Partners Awarded $2 Billion via National Clean Investment Fund
LISC is one of five organizations leading Power Forward Communities, a new coalition investing in green housing and jobs to support economic opportunity and climate resilience. Today, the EPA awarded the coalition $2 billion to implement a decarbonization strategy that also lifts up under-resourced communities—making housing more affordable, mitiga [...]
EPA Awards GRID Alternatives Solar for All Grant
LISC partner GRID Alternatives has been awarded a $249,800,000 Solar for All grant from the EPA to advance renewable and clean energy sources for affordable housing communities across the country. “The grant is an incredible boon to the movement to decarbonize homes and lower energy costs that burden millions of everyday Americans,” said Michael T. Pugh, president and CEO of LISC.
LISC and The Allstate Foundation Launch Disaster Resiliency Program to Address Needs of Underserved Houston Communities
Extreme weather events can cause devastating property damage and economic loss. With a $500,000 grant from The Allstate Foundation, LISC will help six Houston nonprofit organizations better manage the impact of natural disasters on vulnerable communities—and help protect the regional economy in the process.
LISC & Enterprise to Launch New Book on Community Development & Climate Resilience
Next month, LISC and Enterprise Community Partners will release “What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods,” an urgent collection of essays on the intersection of community development and climate resilience.
Home Ownership is Near for Long-Time Renters on New York City's Lower East Side
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.
LISC’s CEO Talks Affordable Housing, Affirmative Action and Committing to a Green Future
In a Q+A with ImpactAlpha, Michael T. Pugh delves into the ways community development finance must operate in the wake of new affirmative action legislation, and what the big-ticket items on LISC’s 2024 investment list are, including small business support and green jobs and homes.
LISC’s CEO 100 Days In: Priorities for the Future, and Right Now
LISC president and CEO Michael T. Pugh reflects on what he's learned in his first months helming the organization, and shares top priorities for the year, both internally and for supporting the communities we work with. Green housing, second-chance employment and AI as a tool for more efficient credit-building and lending are at the top of the list, along with strengthening and streamlining LISC's operations to achieve maximum impact in people's lives.