News & Stories
Investing In A Future For Us All: LISC’s 2023 Annual Report is here!
It was a year of new leadership, new vision and renewed commitment. We invested an extraordinary $2.4 billion and doubled down on our work to create affordable housing, catalyze financial opportunity and promote climate resiliency. And so much more.
LISC Awarded a $28M HUD Section 4 Grant to Strengthen Local Nonprofit Housing Organizations Serving Under-Resourced People and Places Across the U.S.
LISC is among three of the country's largest community development and housing groups receiving a total of $83M in U.S. Department of Housing and Urban Development Section 4 capacity building funding. LISC will use its $28M allocation to support 480 community development corporations nationwide, focusing on affordable housing access in historically disinvested communities. The grant includes a three-to-one match commitment of $85 million.
Crain’s NY Names LISC President & CEO, Michael T. Pugh, a 2024 Notable Leader in Finance
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.
In Recognition of HUD Secretary Marcia L. Fudge
As HUD Secretary Fudge prepares to retire from public service, LISC CEO Michael T. Pugh reflects on her impact and the career-long dedication to creating affordable housing for all.