LISC National

News

8.08.2018 - ,

Preserving Affordability in the South Bronx with Banana Kelly

LISC NYC and National Equity Fund recently celebrated the closing of Phase 1 of BK Union, the preservation of five Bronx buildings comprising 124 units of affordable housing, a joint venture between Banana Kelly Community Improvement Association (Banana Kelly) and the Joint Ownership Entity NYC (JOE NYC).

8.08.2018 - ,

Expanding our Reach: the Inclusive Creative Economy

As part of an event at the Phillips auction house co-hosted by LISC NYC and Upstart Co-Lab in June, nonprofit real estate developers, impact investors, and supporters of the arts came together for a discussion about the city’s “inclusive creative economy” and the importance of affordable real estate for creative people, creative businesses, and workers.

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About Us

LISC New York City is dedicated to helping low-income New York City neighborhoods become healthy communities of choice – good places to live, do business, work and raise families. LISC has nearly four decades of experience developing the infrastructure of community-based organizations by providing technical and financial assistance; building capacity of local institutions to respond to changing community needs; sharing best practices to maximize precious resources; and brokering collaboration among its vast network of partners—government, nonprofit, and corporate—to tackle issues on the community level.  

Over the last 36 years, LISC New York City has invested over $2.5 billion in more than 75 New York City community development corporations (CDCs) and other local groups.  With our support, these organizations have developed over 37,000 affordable homes and apartments as well as 1.7 million square feet of retail and community space. In 2015 alone, LISC New York City and our affiliates provided over $13 million in financing for affordable housing developments and over $120 million in equity investments.