LISC National
What We Do

Our Funds


We manage more than $240 million in funds for our clients and have worked with 19 different investors through the New Markets Tax Credit program. We work with banks, CDFIs, foundations, and anchor institutions that want to provide affordable financing to meet specific community needs. For more information about our funds, email Brynn Sanders at bsanders@newmarkets.org.

Family Health Center Kalamazoo used $8.26 million of Healthy Futures Fund financing to develop at 49,000 SF health campus with a federally qualified health center, pharmacy, office space, and community space.
Brockton Neighborhood Health Center received $8.4 million of Healthy Futures Fund financing to construct a 13,600 SF primary care clinic adjacent to a grocery store. The two collaborate on cooking and nutrition classes to foster healthy eating habits.
MISA, a woman-owned business in Los Angeles, received a $2.8 million loan package through the Job Creation and Community Revitalization Fund to purchase a larger, 14,000 SF facility. The new facility has space for a showroom.
A minority-owned ice cream supplier and distributor in Indio, California, used 504 financing through the Job Creation and Community Revitalization Fund to purchase the facility he was leasing. The business now has lower mortgage payments.
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The Bremer Bank Loan Fund spurs job creation and economic revitalization in distressed communities in rural America by investing in small businesses and offering borrowers patient and flexible capital.

Bremer Financial Corporation (BFC) is a privately held, $12 billion regional financial services company jointly owned by the Otto Bremer Trust and Bremer employees that provides a comprehensive range of financial solutions. The company’s community development entity, Bremer CDE, is focused on helping to bring community, healthcare and manufacturing facilities to rural counties in Minnesota, North Dakota and Wisconsin.


Our Growing Rural Communities Fund ensures that rural companies and nonprofits have access to affordable capital. The GRC Fund offers low-interest financing for real estate projects to support job creation and economic opportunity.


The Grow Indianapolis Fund is an $8.25 million revolving loan fund that provides financing to local Indianapolis businesses in distressed neighborhoods. A collaborative effort between the City of Indianapolis, U.S. Bank, Cambridge Capital, First Internet Bank, and LISC’s New Markets Support Company (NMSC), the Fund provides loans from $250,000 to $2 million to help small businesses expand, create jobs, and strengthen the local community. The Grow Indianapolis Fund is enhanced with federal New Markets Tax Credits to offer small businesses more favorable rates and terms than a traditional bank loan.


The Capital Access Fund of Greater Cleveland provides working capital loans from $50,000 to $150,000 to businesses in disinvested neighborhoods, with a focus on serving women- and minority-owned businesses.


Impact Lending is a collaborative of mission-based lenders, led by LISC Small Business in conjunction with Northeastern University, that wants to support and expand local businesses that create jobs, drive economic growth, and add character to Boston’s neighborhoods.


The Job Creation and Community Revitalization (JCCR) Fund provided SBA 504 first mortgage loans to help businesses purchase real estate in low-income neighborhoods and fix occupancy costs. Business owners invested these savings back into the business to hire new employees and drive further growth. We used NMTCs in the fund to provide borrowers with even better rates and terms, including a lower interest rate and longer interest-only period.

     
Through our Healthy Futures Fund, we provided $69 million in financing to federally qualified health centers, helping them to provide affordable healthcare to low-income patients in need. HFF encouraged collaboration and co-location between health clinics and other social service providers that address the needs of low-income families, including affordable housing, grocery stores with fresh foods, job training, fitness and wellness centers, and legal aid.

Contact

Brynn Sanders, VP of Fund Management
Email