TD Bank spotlighted LISC Philadelphia and its Non-Profit Preservation Initiative, which is supporting non-profit building owners to preserve and protect publicly assisted affordable rental housing in Philadelphia. Last year, the TD Social Impact Investment Council announced its contribution of $2.5 million over two years for the initiative to assist LISC's work.

In a wide-ranging interview with Denver Fredericks, host of the Business of Giving podcast, LISC CEO Michael T. Pugh describes the pillars of LISC's work investing in communities and what's on the horizon for the CDFI under his leadership. "[We] can be a real catalyst for economic development in communities," says Pugh. "And frankly the …

In naming Michael Pugh a leader in finance, Crain's NY noted his leadership of LISC, a CDFI that has invested $30 billion in underserved communities, as well as his accomplishments in establishing a loan fund leveraging alternative data and cultivating the next generation of financial leaders at HBCUs.