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The work of rebuilding neighborhoods—creating affordable housing, renovating a retail corridor or constructing a new school, recreation center or office building—doesn’t happen without financing. And just as with for-profit ventures, nonprofit development requires significant capital. But community development projects in disinvested neighborhoods have a much harder time attracting capital investment.
To help get funding into the places that need it most, LISC created affiliates that bridge the gap between investors and projects in disadvantaged communities and get things built.
Community Development Trust (CDT) is the country's only private real estate investment trust (REIT) with a public purpose. As a national investor in affordable housing, CDT works with local, regional, and national partners to make long-term equity investments and to originate and purchase long-term mortgages.
LISC MetroEdge tailors smart economic development strategies for specific, local places. Their approach identifies assets, inspires potential investors to take a different view of disinvested markets and helps communities take the reins of their economic futures. MetroEdge helps neighborhoods, public officials and investors understand emerging markets, prepare for development and access the marketplace.
National Equity Fund® is a nonprofit Chicago-based affiliate of LISC and a leading syndicator of Low Income Housing Tax Credits. Since inception, NEF has played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies. NEF's investments total more than $13.3 billion in 2,494 LIHTC developments, which created 158,907 affordable homes for low-income families and individuals.
New Markets Support Company drives investment capital into underserved neighborhoods to spur economic development. Since 2004, NMSC invested $860 million towards real estate developments and small businesses in distressed areas. As a wholly-owned subsidiary of LISC, the country's largest nonprofit community development organization, NMSC delivers creative financing solutions to advance LISC's community developments across the country.