The CDFI Fund announced $408M in funding for 357 CDFIs to provide financial products and services for underserved individuals and communities

The CDFI Fund announced New Markets Tax Credit (NMTC) awards to 104 organizations today, including a $65 million allocation for LISC, the largest amount allocated to recipient groups. It brings LISC’s total NMTC awards to nearly $1.3 billion, which we have leveraged to fuel the development of retail, manufacturing, health care, childcare, and education facilities in under-resourced communities. LISC’s NMTC work is managed by its affiliate, Broadstreet Impact Services, a community investor and fund services firm focused social and economic impact across the country.

LISC Twin Cities Celebrates $1 Billion in Investments in the Twin Cities

As it celebrates its 35th Anniversary, LISC Twin Cities announced another major milestone: $1 billion dollars of investments. Over three and a half decades, LISC Twin Cities has channeled all of this capital into transformative organizations and projects, strengthened community development infrastructure and changed systems that create and perpetuate inequality of opportunity.

In collaboration with the Walmart Foundation, LISC announced funding to help eight community-based nonprofits increase access to healthy, affordable food in under-resourced communities. Located primarily across the Southeast region, grantees will undertake efforts ranging from farmer-led urban agriculture to mobile food markets to the establishment of a community food policy council.

Through a wide range of local programs and financing vehicles, LISC invested more than $2.8 billion last year to fuel economic opportunity, racial equity, and growth in urban and rural communities.

State Farm is building on more than two decades of support for critical LISC programs with new funding to catalyze opportunities for families and communities in 12 metro areas.