- Who We Are
- What We Do
- What We've Accomplished
- NYC Inclusive Creative Economy Fund
On May 10th, 27 LISC employees joined together with Rebuilding Together NYC and Deutsche Bank to reclaim an overgrown woodland space in Washington Heights adjacent to The Equity Project (TEP) Charter School. This renewed woodland will be used by the TEP elementary school as a bio-education learning space. Catch NBC 4 NY’s coverage of the story.
Together with NYU and sponsorship from LISC, researchers at UC Berkeley have released new findings about how development in the New York metro area is creating “islands of exclusion” and displacing more and more longtime residents. An interactive Urban Displacement Map, a byproduct of the investigation, aims to serve as an “early warning tool” to help affordable housing advocates and policy makers protect and preserve community stability. LISC NYC sponsored this research following its 2016 convening about neighborhood change, displacement, and equitable development, which showed the need for policy makers and community-based organizations working on displacement issues to have access to data to better understand long-term dynamics in the regional context.
For many artists and arts-based businesses in New York City, finding and keeping affordable spaces is the biggest challenge they face. A recent article in The New York Times features a project designed to address this problem, a newly opened space in the Brooklyn Army Terminal developed by ArtBuilt Brooklyn, where over 100 artists have gained affordable, long term studio space. LISC provided a crucial $644k loan to finance the project.
LISC NYC supports local partners who invest in people and places in order to create a more equitable, inclusive, and sustainable New York City. We do this in three main ways: We provide financial and human capital to build the capacity of our partners and improve neighborhoods. We invest in affordable housing, businesses, and neighborhood assets to improve social, economic, and physical health. We amplify the voices of disenfranchised communities and advocate with them for policy solutions and resources.
Over the last 40 years, LISC NYC has invested over $2.7 billion in more than 75 New York City community development corporations (CDCs) and other local groups. With our support, these organizations have developed and preserved over 40,000 affordable homes, as well as 1.8 million square feet of retail and community space. In 2018 alone, LISC NYC closed $28 million in loans supporting over $280 million of investment in affordable housing and equitable development projects.