Latest News
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
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.
Changing the Game: Accelerating Equity in Housing Development
A recent Urban Institute report highlights the issue: women and people of color are vastly underrepresented in housing development, particularly in multifamily projects. This lack of diversity, combined with barriers to capital and technical support, is stalling the production of affordable housing. The status quo isn’t working—it’s time to change it. At LISC Puget Sound, we’re tackling this challenge head-on. We know that to meet the affordable housing demand, we must invest in the next generation of housing developers who can help build more homes. That’s why we launched the Housing Equity Accelerator (HEA) in partnership with the Amazon Housing Equity Fund. This program is designed to equip emerging developers—particularly those from historically underrepresented communities—with the tools, resources, and capital they need to scale their operations and contribute to the production of affordable housing.