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Since opening our doors in 1998, our local office has invested $131 million in those neighborhoods, further leveraging an additional $254 million in investment. Our work has resulted in the creation of 2,574 units of affordable housing, 355,000 square feet of commercial space, and the renovation of 9 recreational fields for youth.
Revitalizing commercial corridors and supporting developments that foster economic growth and entrepreneurship has been a key component of LISC’s comprehensive community development strategy in Buffalo over the past 20 years. Learn more about the project's we've supported and the impact we've made.
Our longtime partners at the University District Community Development Association have spearheaded an initiative called "Better on Bailey," which is utilizing a grant from the Better Buffalo Fund to help small business owners renovate their storefronts and interiors. The change is unfolding on Bailey Avenue before our eyes.
LISC is ramping up its national economic development work with the launch of a new small business lender called immito. “Nothing catalyzes opportunity in a community like new businesses launching and expanding,” said Maurice A. Jones, LISC president and CEO. immito is expected to do $100 million in annual lending and will spark entrpreneurship and growth in communities across the country, especially those where demand for capital access is high.