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Release: LISC NY Supported Projects to Add Nearly 300 Affordable Homes, Expand Access to Health Care, Arts, and Quality Food Across New York State

LISC NY is proud to announce the successful closings of four loans supporting projects that will contribute to the development and revitalization of communities across New York State. Totaling nearly $16.2 million, the loans are directed to projects in underinvested communities that will add nearly 300 affordable homes and improve access to healthcare and fresh …

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QNS: Deal Closed to Add 230 Affordable Housing Units to Hillside Avenue in Jamaica

LISC NY has partnered with MURAL Real Estate Partners, a privately owned real estate company, to develop approximately 230 units of affordable housing on Hillside Avenue in Jamaica, Queens. “This investment into this vibrant and culturally rich section of Jamaica represents yet another opportunity to improve the lives of underserved New Yorkers and revitalize an …

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McKinsey and the State of Housing Inequality: Black Homeowners Won’t Catch Up at this Rate for Over 300 years

Valerie D. White, Senior Executive Director of LISC NY, recently spoke with Fortune about how housing affordability affects Black residents more due to long-standing institutional and societal issues. “It includes a mixture of access barriers, like racist practices in real estate and mortgage lending, and redlining, on top of the fact that Black Americans on …