News
LISC Op-Ed: Syracuse, NY Affordable Housing Pilot Shows the Power of Federal Tax Credits
In a recent opinion piece for the Syracuse Post Standard, LISC New York Senior Executive Director Valerie White and LISC Senior Vice President for Policy Matt Josephs highlight how federal tax credits are being leveraged to address housing shortages in Syracuse. These kinds of public-private partnerships are enabling local developers to construct affordable homes, revitalize neighborhoods, and provide essential housing options for residents. The expansion of such credits nationwide, moreover, including through the Neighborhood Homes Investment Act, can help close the gap between construction or renovation costs and home value to mitigate the housing cris
MacKenzie Scott Donates $65 Million to LISC
MacKenzie Scott, the prolific philanthropist, announced that she is donating $65 million to LISC, the largest contribution in our organization’s 45-year history. This is Scott’s second grant to LISC, which builds on a $40 million gift in 2020 that was used to seed programs that narrow gaps in health, wealth, and opportunity, particularly for communities of color.
My Home Pathway Launches Homeownership Pilot Program With Support From LISC NY, Wells Fargo, TransUnion, Morgan Stanley, and Invest Newark
My Home Pathway has launched a comprehensive Home Buyer Nurture Program, with investment and support from LISC NY, the Wells Fargo Foundation, TransUnion, Bilt Rewards and Morgan Stanley. "We're proud to advance the Home Buyer Nurture Program with our partners and break down these blockades to boost homeownership and continue to do all we can to close the racial wealth gap that holds back the full power of our economy," says Valerie D. White, LISC NY Senior Executive Director.
LISC Impact Notes and Racial Equity: An Update on Progress
In 2020, LISC Impact Notes pledged to support Project 10X and invest in racial equity. In the blog below Kathleen Keefe, LISC's Investor Relations and Portfolio Reporting Lead, shares the important projects Impact Notes has taken on to reach 10X goals.
About Us
LISC NY supports local partners across New York State whose services and programs aim to create a more equitable, inclusive, and sustainable New York. We believe that the time has come to forge a future for New York, that equitably distributes capital resources and investments, protects affordable housing for LMI New Yorkers, and builds pathways of meaningful economic opportunity for all.
Visit our Who We Are page to learn more about our investment strategy and our three-pillar approach.