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The work of rebuilding neighborhoods—creating affordable housing, renovating a retail corridor or constructing a new school, recreation center or office building—doesn’t happen without financing. And just as with for-profit ventures, nonprofit development requires significant capital. But community development projects in disinvested neighborhoods have a much harder time attracting capital investment.
To help get funding into the places that need it most, LISC works with our affiliates—the National Equity Fund and New Markets Support Company—to bridge the gap between investors and projects in disadvantaged communities and get things built. Through them, we are able to leverage Low Income Housing Tax Credits and New Markets Tax Credits.
The New Markets Support Company (NMSC) is a Chicago-based, wholly-owned subsidiary of LISC and a syndicator of federal New Markets Tax Credits.
The National Equity Fund® (NEF) is a nonprofit, Chicago-based affiliate of LISC and a leading syndicator of Low Income Housing Tax Credits. NEF helps bridge the gap between investors and nonprofit developers.