LISC is one of five organizations leading Power Forward Communities, a new coalition investing in green housing and jobs to support economic opportunity and climate resilience. Today, the EPA awarded the coalition $2 billion to implement a decarbonization strategy that also lifts up under-resourced communities—making housing more affordable, mitigating climate impacts and improving local health.
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.
Fairweather Apartments in Salem and Prospect Place in Northampton are the second pair of projects to receive funding from the Climate Ready Housing program created for affordable housing owners to achieve deep reductions in energy use and carbon emissions in the refinancing, renovation, and preservation of their properties.