Three decades of partnership
Citi and LISC have been partners for more than 30 years, three decades of supporting the revitalization of communities around the country. Since 1982, Citi has provided $1.5 billion in grants, loans and equity investments to LISC and our affiliate, the National Equity Fund. This investment has been important to a wide range of LISC’s program work.
To support affordable housing, Citi has invested $1.4 billion in single- and multi-investor equity funds with The National Equity Fund, which syndicates Low Income Housing Tax Credits to build affordable rental housing. Nationally, grants from Citi have supported LISC’s economic development strategy, financial stability work, veterans housing program (through the BringThemHomes program), and LISC’s operations, nationally and locally.
Most recently and significantly, the Citi Foundation awarded a $10 million three year grant to LISC to expand our Bridges to Career Opportunities program, which breaks down barriers to economic mobility for unemployed and underemployed adult workers across the United States.
Nine local LISC offices from coast to coast have received funding support from Citi. In California, Citi was the principal supporter of LISC’s renowned Housing Development Training Institute, a statewide affordable housing training program for community groups and local housing developers. More recently, LISC’s offices in Los Angeles and New York City were awarded Citi Community Progress Maker grants.
LISC has long benefited from the expertise and guidance of Citi representatives who advise LISC nationally and locally. Brandee McHale, President of the Citi Foundation, currently serves on the national board and three Citi representatives serve on LISC’s local advisory committees in San Diego, New York City and Connecticut.