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 …
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, …