Through three affiliates, LISC provides equity investments for projects that support community revitalization across the country, including affordable housing, commercial and retail buildings, and arts and community space.

• The National Equity Fund, Inc. (NEF, Inc.)

  NEF is the nation's largest nonprofit syndicator of federal low-income housing tax credits. In collaboration with CDCs and community-focused investors, NEF, Inc. has provided more than $5 billion in equity to help fund the development of more than 75,000 affordable homes nationwide. LISC created NEF to work with local organizations to finance neighborhood-led housing Initiatives and help support the revitalization of urban and rural communities. NEF, Inc. investors share our belief that local revitalization is not just good for residents, it is good for business as well. Over the last 17 years, NEF, Inc. has partnered with nearly top banks, insurance companies and other corporations committed to affordable housing development. Our current funds include capital from 30 investors that is being directed to single- and multi-family projects, special needs developments, public housing revitalization and historic rehabs. Click here for more information.

• The New Markets Support Company (NMSC)

  NMSC is a Delaware LLC started by LISC that allocates federal New Markets Tax Credit awards from the CDFI Fund to eligible community economic development projects, thereby attracting private capital in return for federal tax credits and providing these projects with financing on more favorable terms. NMSC will use tax credits to support a broad array of real estate projects including shopping centers, retail space, office space, arts and museum space, brownfield redevelopment, and educational and community facilities. Click here for more information.

• The Community Development Trust (CDT)

  CDT is a private mission-driven Real Estate Investment Trust (REIT) that channels private capital into affordable housing and other community development projects. LISC provided the initial seed capital to the Community Development Trust (CDT) to further LISC's broad support for community development initiatives and finance. Working with local and national partners, CDT makes long-term equity investments in affordable communities and serves as a secondary market for low-income multifamily mortgages. After six years of operations, CDT has invested or committed more than $460 million in debt and equity capital to properties in 35 states and regions—helping to preserve or add some 18,700 units to the nation's affordable housing stock. For more information, visit the Community Development Trust website.