LISC is among three of the country's largest community development and housing groups receiving a total of $83M in U.S. Department of Housing and Urban Development Section 4 capacity building funding. LISC will use its $28M allocation to support 480 community development corporations nationwide, focusing on affordable housing access in historically disinvested communities. The grant includes a three-to-one match commitment of $85 million.

The Neighborhood Homes Investment Act, introduced in the House today and in the Senate earlier this year, would create a new tax incentive to fuel development of 500,000 affordable homes in under-resourced communities. “This legislation is the first step in mitigating the devastating impact that the [housing] crisis...has had on first-time and minority home buyers across the country, especially those in marginalized communities,” said Matt Josephs, LISC’s senior vice president for policy.

The ‘Neighborhood Homes Investment Act’ aims to create a new tax incentive that would produce starter homes in under-resourced communities. The Neighborhood Homes Coalition, a national advocacy group that LISC is a part of, estimates that the legislation would support a substantial economic impact over the next 10 years. As LISC’s Matt Josephs notes, “This legislation is the first step in mitigating the devastating impact that the [housing] crisis...has had on first time and minority home buyers across the country, especially those in marginalized communities.”

LISC is a key member of the Neighborhood Homes Coalition, which is working with Congress to enact the NHIA. This important bi-partisan bill could fuel the construction, renovation and sale of 500,000 homes and support broad efforts to revitalize communities.

LISC has just been awarded four critical grants from the U.S. Department of Justice, totaling $8.25 million, to carry out a series of Community Violence Intervention programs. The funding supports proven school- and community-based partnerships that can prevent violence before it starts.