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LISC New Markets and Growing Rural Communities Fund project, Phillips Wharf Environmental Center of Tilghman Island, was recognized for its innovative work in oyster aquaculture incubation and chosen as one of seven organizations nationwide to serve as a national model for traditional working waterfront communities seeking to strengthen the local economy.
In the competitive market for new markets tax credit (NMTC) allocation authority, loan funds may provide an edge. By reducing transaction costs, loan funds facilitate qualified low-income community investments (QLICIs) of $2 million or less (small-dollar QLICIs), investments in small businesses and flexible terms. Loan funds are also used with larger QLICIs to reduce transaction ...
For 15 years, LISC has been investing in Kalamazoo's historic Edison neighborhood, where decades of deindustrialization and decline had severed residents from jobs, educational opportunities and accessible healthcare. Today, gleaming new community facilities and flourishing small businesses are generating good jobs, and preparing people for employment. And resident-led projects to beautify the district and ...