Manufactured housing, which 20 million Americans call home, is one of the few affordable housing options in the United States. The residents of two Washington State mobile home communities recently succeeded in purchasing their parks with help from ROC USA and over $2 million in financing from Rural LISC. As a result, they have been able to stabilize their housing costs, upgrade their communities and remain in the places they love.

DC’s Tenant Opportunity to Purchase Act granted the 1400 Aspen Street Tenants Association the right to seize their building after a decade long fight. LISC, supplemented by the Department of Housing and Community Development’s Preservation Loan Fund, provided $3.9 million in acquisition financing to the association. Since rising above the COVID-19 pandemic and buyout offers, residents in the building are now settling into their upgraded permanent homes.

The Entrepreneurs of Color Fund (EOCF) is designed to get much-needed capital directly into the hands of small business owners serving communities of color, and has over twenty CDFI partners in local markets across the country, with LISC as national manager. Inclusive Action for the City (IAC) is a community development financial institution and an EOCF partner in Los Angeles providing micro-loans to businesses, with a focus on food vendors. IAC’s Rudy Espinoza explains why protecting street vendors must not be a passing trend but a sustained cultural shift that creates a more inclusive economy.

Fewer than 2% of plumbers are women, but Anna Hall, the president of P&H Divine Plumbing in Chicago, is a barrier-breaking entrepreneur in the field. The first female plumber to work for the city’s Department of Water Management, Hall started her company to employ more people who looked like her and serve communities other contractors often avoided. Now, with an investment from LISC Fund Management’s Diverse Supplier Grant Initiative, sponsored by JPMorgan Chase, Hall is realizing her vision for growing Divine Plumbing. Meet her and learn more in the video below!

Amidst record-high rental rates and limited affordable housing opportunities, some New York City residents are finding hope in the Affordable Neighborhood Co-op Program (ANCP). LISC New York helped the nonprofit Asian Americans for Equality (AAFE) secure $9.6 million in construction financing to renovate three downtown Manhattan buildings and convert them to affordable for-sale housing. Following two years of renovation, existing tenants at East 12th Street are  preparing to purchase shares in their future cooperative building.

In recognition of Black History Month, we’d like you to meet four organizations that, through support from LISC and the Black Economic Development Fund, are creating housing, employment and other economic opportunities in the neighborhoods that need them the most.