Our Stories

5.23.2019 -

U.S. Treasury Awards $60 Million in New Market Tax Credits to LISC

The Community Development Financial Institutions (CDFI) Fund, part of the U.S. Treasury department, announced the recipients of $3.5 billion in New Markets Tax Credit (NMTC) allocations for 2019. $60 million was allocated to LISC’s subsidiary, the New Markets Support Company. Since its inception, NMSC has harnessed $1 billion in tax credits to offer flexible capital for projects that benefit low-income communities across the count--projects ranging from Cincinatti’s CityLink Center, home to 15 social service agencies, to a health clinic-plus-grocery store in Brockton, MA to the public library in Petersburg, VA.

“Small Business Is Personal for Us”: Q&A with Julie Huston, CEO of immito

Last year, LISC launched its newest subsidiary, the SBA-guaranteed lender immito, to scale our ability to reach and support underserved small businesses and help spur job growth across the country. Julie Huston, immito’s founding president, is a seasoned small business expert—in fact, she recently testified before Congress re: new budget proposals that would hamper small business entrepreneurs’ access to credit. We caught up with Huston at her base in Denver to learn more about immito, the economic and social power of small business, and why all this is so close to Huston’s heart.

5.03.2019 -

It Takes a Crowd to Raise a Small Business

New to LISC’s partnership with Kiva? Our collaboration with the crowd-funding microloan platform helps us help entrepreneurs get the capital and technical support they need to launch and grow businesses. One of our favorite parts of the relationship is getting to know determined small business owners and hearing their stories. Meet four owners who, armed with their LISC + Kiva loans, are injecting creativity, resources and dynamism into their communities. 

4.24.2019 -

A Night To Remember

On the evening of April 23rd, 700 partners, colleagues and allies gathered to officially mark LISC's 40th anniversary at a gala celebration in New York City. Special guests and speakers included New Jersey Governor Phil Murphy, St. Paul Mayor Melvin Carter, former Vice President Walter Mondale, former HUD Secretary Henry Cisneros, and former Secretary of Health and Human Services Sylvia Mathews Burwell. And of course, our 20-year board chair, former US Treasury Secretary Robert E. Rubin, the evening's distinguished honoree. 

4.23.2019 -

LISC Turns 40!

And we've got a lot to celebrate: $20 billion in total investments, record impact in 2018, a 20-year collaboration with the NFL Foundation, and the list goes on. At a gala event in New York City, LISC honors the indispensable work of our partner organizations and the two-decade service of our board chair, former Treasury Secretary Robert E. Rubin.