Partners
Community revitalization and development involves the collaboration of many professional affiliations, financial and government stakeholders, and community development organizations and experts.
Michigan LISC's role as an intermediary organization has developed many highly effective partnerships among Michigan organizations with similar goals; thanks to these partnerships, the community development industry is now stronger and more diverse than at any other time in Michigan's history.
In 1991, LISC was among a group of leading organizations in the State of Michigan providing service to community development corporations that recognized that Michigan's CDCs needed a voice within the legislature and a vehicle for information sharing. With LISC contributions the Community Economic Development Association of Michigan (CEDAM), a statewide trade association, was created.
The Great Lakes Capital Fund for Housing (GLCFH), helps socially responsible corporations invest in affordable housing and community economic development activities. GLCF raises capital from corporations and financial institutions, and invests these resources into real estate development partnerships. The partnerships receive essential equity for their developments. The investors receive a competitive internal rate of return on their investment through tax benefits; and the community receives high quality, affordably-priced housing and/or commercial developments that generate social and economic benefits for area residents.
The Michigan Interfaith Trust Fund works to foster economic and social justice by providing loans and technical assistance for affordable housing and economic development throughout Michigan. The trust fund has a large number of faith based supporters and frequently supports faith based CDCs.
The Michigan State Housing Development Authority's (MSHDA) excellent reputation for innovation and unwavering support of the community development industry is unparalleled in the country. The LISC-MSHDA partnership is a great example of a governmental and private nonprofit partnership. LISC enhances the geographic and community development reach of MSHDA by establishing relationships with CDCs. The combined strength of the local and national talents of LISC with the financial resources and community development outreach of MSHDA fosters the best community development outcomes.
The LISC commitment to funding affordable rental housing is clear. Syndication of low income housing tax credits is an important equity financing resource for most community development projects. The National Equity Fund (NEF), a subsidiary of the Local Initiatives Support 
Corporation, is widely recognized as a pioneer in tax credit syndication. As a LISC affiliate, NEF works exclusively with nonprofit community development corporations. In Michigan, NEF has contributed in excess of $64 million of equity to produce affordable rental housing.
Detroit LISC works exclusively in the Detroit area to develop strategic relationships that serve as the catalyst to empower neighborhood developers, using financial and technological resources to build economically viable neighborhoods.