LISC National
What We Do

Impact Development

In today’s New York City, market pressures are straining our neighborhoods, putting critical aspects of neighborhood culture at risk of displacement.  At LISC NYC we believe that the ownership and stewardship of spaces owned by nonprofits and other mission-oriented entities is necessary to ensure that low-income residents share in the city’s growth and prosperity.

In 2016, LISC NYC was awarded $500,000 from the Citi Foundation’s Community Progress Makers Fund, which recognizes visionary nonprofit organizations and new approaches to long-standing urban economic challenges in the United States. The generous grant from the Citi Foundation supports our efforts to grow impact development initiatives, real estate projects that drive neighborhood economic development led by mission-oriented, community-based organizations committed to social change

As with our work in affordable housing, LISC NYC connects partners to financial and technical resources that help their projects over the finish line.  Typically we take on projects that would be passed over by more traditional financial institutions because of their smaller scale or outsized technical complexity. 

LISC NYC is actively growing its pipeline of real estate lending and technical assistance in the following areas:

  • Industrial development and maker spaces
  • Mixed-use developments combining residential and commercial uses
  • Health care facilities
  • Arts & culture
  • Community facilities