- Who We Are
- Our Priorities
- What We Offer
- Where We Work
LISC Philadelphia is one of 31 local offices of Local Initiatives Support Corporation (LISC), a national nonprofit community development organization and CDFI. Overall, LISC has invested $18.6 billion in neighborhoods and rural communities across the United States.
In Philadelphia, LISC is a catalyst for community change--working with partners to enhance neighborhoods and improve the lives of residents. We leverage corporate, government, and philanthropic resources and have invested $435 million (and leveraged $1.5 billion) in Philadelphia's neighborhoods to build or preserve 8,500 affordable homes and to develop 2.3 million square feet of retail, community and educational space since 1980.
Alongside residents, and community partners, our goal is to create neighborhoods of choice and opportunity, where every resident has a chance to thrive.
(Philadelphia, PA): This morning, the newly formed Kensington Lending Partnership formally launched a significant funding source focused on small business and mixed-use real estate development, housing improvements, and affordable homeownership in the heart of Kensington. The Partnership, comprised of four Community Development Financial Institutions (CDFI), includes Community First Fund, FINANTA, Impact Services Corp’s Impact Loan Fund, and Philadelphia LISC.
The Philadelphia office of LISC seeks a summer intern for May to August 2019. Reporting to the Program Officer for Housing & Health, the Intern will provide the Lending and Housing programs with research and analysis, data collection and management, and project support. The Intern will make substantive and valued contributions that advance Philadelphia LISC’s mission to strengthen neighborhoods and improve the lives of Philadelphians.
The Citi Foundation and the Local Initiatives Support Corporation (LISC) today announced new funding through the Bridges to Career Opportunities initiative (Bridges) to help connect unemployed and underemployed people in Philadelphia to quality jobs in growth industries. The District 1199C Training & Upgrading Fund has been awarded $170,000 and technical support to provide services that help job seekers increase their incomes, improve their credit and raise their standards of living. Services include skills training and career development, as well as personal finance coaching, continuing education courses (to strengthen math and reading skills), and resources to help job seekers secure transportation, child care and housing arrangements, which can be impediments to career mobility. The new funding is part of a $10 million three-year national effort by the Citi Foundation and LISC to expand the reach of Bridges and spur economic opportunity for thousands of families across the country, including an estimated 250 in Philadelphia.
Philadelphia LISC is issuing a Request for Proposals (RFP) that seeks to provide funding to non-profit community based organizations to further advance the preservation of affordable rental housing in the City of Philadelphia in the following ways: (1) LISC will provide recoverable grants for predevelopment activities associated with affordable rental housing preservation and; (2) LISC will provide small catalytic grants to assist non-profit community-based partners in analyzing preservation of affordable rental housing portfolios.
LISC is celebrating a $5 million grant from JPMorgan Chase that will help a collaborative of local community development financial institutions spur growth and opportunity in Philadelphia’s Kensington neighborhood. The grant will support the equitable development work of the Kensington del Corazón Collaborative, which includes LISC and high-impact local partners Impact Services, Impact Loan Fund, FINANTA and Community First Fund. The partners are combining their expertise and capital to offer loans and other support that cultivates local entrepreneurs, attracts new businesses, and finances redevelopment of mixed-use properties along the Kensington commercial corridor. In addition, the collaborative will offer coaching/technical assistance for business owners and provide pathways to homeownership and affordable rental housing for residents.
An article in ImpactAlpha describes early efforts by community development groups, like LISC, and foundations to manage Opportunity Zone funds in a way that will maximize benefits for underinvested communities and the people who live and work there. These strategies deal head-on with the stated goal of the new tax legislation: to spur economic development in places where opportunities for residents are currently few and far between.