Equity
The work of rebuilding neighborhoods—creating affordable housing, renovating a retail corridor or constructing a new school, recreation center or office building—doesn’t happen without financing. And just as with for-profit ventures, nonprofit development requires significant capital. But community development projects in disinvested neighborhoods have a much harder time attracting capital investment.
To help get funding into the places that need it most, LISC works with our affiliates—the National Equity Fund, the New Markets Support Company—to bridge the gap between investors and projects in disadvantaged communities and get things built. Through them, we are able to leverage Low Income Housing Tax Credits and New Markets Tax Credits.
NEF is a nonprofit, Chicago-based affiliate of LISC and a leading syndicator of Low Income Housing Tax Credits. NEF helps bridge the gap between investors and nonprofit developers. Syndicators like NEF raise money from investors and identify low-income housing projects in which to invest that capital. NEF is focused on building long-term relationships with partners and investing in quality affordable housing that raise the standard of living in underserved communities. NEF has invested $12.4 billion in housing since 1987
NMSC is a wholly-owned subsidiary of LISC that invests and helps our partners invest in creative financing solutions to empower underinvested communities across the country. NMSC works to increase access to capital by tailoring our products and services to meet the needs of our clients and community partners, recognizing that every community has unique strengths and needs, as does every investment we help make in partnership with our clients. NMSC has invested more than $1 billion in distressed communities, financing health centers, job training facilities, small businesses creating quality jobs, and more.
LISC’s national impact fund team is charged with developing, executing, and managing impact funds, community investment accelerators, and venture fund investments. LISC Strategic investments works alongside LISC local offices and subject matter experts to combine the power of local expertise with the sophistication of national resources to effect significant impact while securing stable returns for all of our investments.
