New York, NY

LEADERSHIP
Executive Director:
Denise Scott
Chair, Local Advisory Committee:
Maurice Coleman,
Bank of America Community Development Banking

CONTACT INFORMATION
501 Seventh Avenue, 7th Floor
New York, New York 10018
Telephone: (212) 455-9800
Fax: (212) 687-1396
Website

Established in 1979

Achievements by the Numbers:

(By LISC and Affiliates since inception)
  • 32,809 homes and apartments
  • 1.5 million square feet of commercial space
  • $2 billion total investment
  • $4.2 billion leveraged

Profile:

LISC NYC has increasingly focused on non-residential development that complements our traditional investment in housing. Our initiative spans four neighborhoods where we have substantial investments: South Park Slope/Gowanus, Cypress Hills, Bedford-Stuyvesant, and West Harlem. LISC NYC works to ensure that housing already under the stewardship of our CDC partners continues to be affordable, well-maintained, and financially viable. We also seek to preserve at-risk, privately owned affordable housing through acquisition, rehabilitation, and long-term stewardship by responsible owners. In 2010, we assisted in the preservation of over 1,300 affordable housing units. Recently, LISC NYC has reinvented how we approach building the capacity of CDCs with the First Responder Initiative. This new model focuses on providing direct technical assistance to partner CDCs including organizational restructuring, board development, fundraising strategy, and financial management.

LISC NYC’s Green Initiative encompasses a comprehensive approach to developing environmentally sustainable environments by reducing energy consumption and costs, improving residents’ health and preserving long-term affordability. We launched our initiative with a weatherization program to retrofit over 2,000 affordable units in neighborhoods across the city. Retrofit Block by Block aims to bring the benefits of energy-efficiency retrofits to small home owners, and also includes street tree planting, community gardening, and green job apprenticeship and training programs. Independence Starts at Home is a program that connects youth aging out of the foster care system to supportive services with workforce development and educational opportunities and affordable housing units. In 2010, the program supported 37 youth via our CDC partners.