National Equity Fund (NEF), LISC’s affiliate and one of the leading syndicators of Low-Income Housing Tax Credits (LIHTC) in the country, has named Matthew Reilein as president and CEO. Reilein, brings a career’s-worth of experience driving capital into low-income communities and most recently served as managing director of Cresset Partners, where he oversaw community development and opportunity zones initiatives. He succeeds Joseph S. Hagen, who is retiring after 19 years at NEF’s helm.
LISC has named George Ashton as its new managing director for strategic investments. He plans to lead LISC’s work on Opportunity Zones with a clear-eyed view of the potential for community gains—focusing not just on how much capital can be raised, but on deploying it in ways that fuel lasting benefits for residents. “We are going to drive opportunities that make sense for places we are trying to serve and the systems that we are trying to change,” noted Maurice A. Jones, LISC president and CEO.