About LISC Philadelphia
Local Initiatives Support Corporation (LISC) Philadelphia is one of 38 local offices of the nation’s largest community development organization. LISC works alongside residents and partners, to create resilient and inclusive communities of opportunity across America –great places to live, work, visit, do business and raise families.
LISC invests in historically disinvested communities across the country in order to close gaps around health, wealth, and opportunity. Over our 40+ years, LISC Philadelphia has supported the creation of 9,536 affordable homes and 2.8 million square feet of commercial space representing $644 million in total investment.
Recent News & 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 communities of color.
October 2024 Newsletter
Celebrating the 10th anniversary of the Community Connectors Training Institute and Network, LISC Green projects, the 2024 Corridor Management Advanced Training Series, and more.
LISC Awarded $65M in New Markets Tax Credits
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.