Stories
MacKenzie Scott Donates $65 Million to LISC
MacKenzie Scott, the prolific philanthropist, announced that she is donating $65 million to LISC, the largest contribution in our organization’s 45-year history. This is Scott’s second grant to LISC, which builds on a $40 million gift in 2020 that was used to seed programs that narrow gaps in health, wealth and opportunity, particularly for communi [...]
Lowe’s Launches $2.5 Million Western North Carolina Small Business Recovery Fund
LISC is teaming up with Lowe’s to help small businesses in Western North Carolina recover from the impacts of Hurricane Helene. We will make $20,000 grants to 100 small businesses to address urgent needs and jumpstart recovery. Small businesses in disaster-declared communities may apply for grants from Nov. 18 to Nov. 22.
LISC Entrepreneurs of Color Fund Reaches $500M Goal, Sets New Benchmark of $1B in Small Business Lending
LISC announced today that the Entrepreneurs of Color Fund (EOCF) has surpassed its $500 million goal for small business lending across the country—more than two years ahead of schedule. LISC is now expanding the program to double its impact, aiming to support $1 billion in financing for underserved businesses and communities. “We are working to level the playing field—to connect promising but overlooked businesses to affordable financing so that whole communities can benefit from economic development and growth,” said Steve Hall, LISC vice president of Small Business Lending.
John Moon Named President of LISC Green LLC to Lead Deployment of GGRF Funds
LISC announced today that John Moon is joining the organization to lead LISC Green LLC, a new affiliate that will spearhead LISC's Green House Gas Reduction Fund (GGRF) activities and investments and help deepen LISC’s impact in sustainable community development. “These resources will help expand affordable housing to address our national housing crisis, expand income and wealth-building to offset local economic challenges, and make our communities healthier and more resilient,” Moon said
LISC Brings “Heirs' Property” Relief to Under-Resourced Communities in Cincinnati and Cleveland
Heirs' property issues have long been a leading cause of involuntary land loss, particularly among Black families. With a new $750,000 multiyear grant from the U.S. Bank Foundation Opportunity Fund, LISC will work with community-based organizations in Cincinnati and Cleveland to provide families with estate planning, legal support and financial counseling that can help clear up clouded property titles and preserve homes for future generations.
Cleveland Housing Investment Fund Launches with Initial $38M Commitment to Support Equitable, Affordable Housing
LISC Fund Management has teamed up with the City of Cleveland and KeyBank to launch a new affordable housing investment fund, with authorizing legislation approved last night by the Cleveland City Council. The fund ultimately seeks to invest $100 million to fuel quality affordable housing across the city, with a focus on serving underrepresented communities and stimulating growth.
LISC To Deploy $6.25M from CDFI Fund to Expand Access to Healthy Food, Fuel Infill Development
The CDFI Fund announced $408M in funding for 357 CDFIs to provide financial products and services for underserved individuals and communities