US Department of the Treasury
CDFI Fund Awards LISC $5M through Capital Magnet Fund Program
LISC has been awarded $5 million through the CDFI Fund’s Capital Magnet Fund program, which will be invested to develop some 675 units of affordable and permanent supportive housing over the next five years in a range of LISC markets. Half of those units will be dedicated to households making 50% or less of their community’s Area Median Income. Since 2010, LISC has stewarded $24.8 million in Capital Magnet Fund awards for the creation of affordable housing.
LISC Wins $40M in NMTCs to Fuel Economic Growth in Disinvested Communities
With its affiliate, New Markets Support Company (NMSC), LISC taps critical federal program to fuel businesses in underserved urban and rural communities.
CDFI Fund Awards LISC $1.8M Rapid Response Program Grant
The Treasury Department’s CDFI Fund has awarded $1.25 billion in Rapid Response Program grants to support CDFIs in their efforts to provide COVID-19 economic relief—including $1.8 million to advance LISC’s work.
CDFI Fund Awards LISC Capital Magnet Fund Grant
The Treasury Department’s CDFI Fund announced a new round of Capital Magnet Fund grants to spur an expected $5.3 billion in affordable housing and economic development. LISC will use its $7.5 million award to leverage $181 million in development activity in urban and rural communities.