LISC National
Our Work

Housing


A safe, affordable home is one of the basic requisites of life—a key to individual health and well-being, and the foundation for sustainable, eco­nomically vibrant and diverse neighborhoods.

Housing is where LISC started. And it’s still the cornerstone of our mission, even as our vision has expanded to incorporate work to improve education, health, safety and economic growth in the places where we work. LISC helps make qual­ity, affordable housing available to low-income and vulnerable residents—from seniors to veterans to the formerly homeless—in underserved communities.

Toledo LISC invests in all kinds of affordable housing. We help develop multi-family rentals and preserve existing ones that could be lost to market forces or deterioration. We finance sustainable, “green” construction and reha­bilitation, which makes for lower operating costs and has been proven to boost health outcomes for occupants and entire neighborhoods. And we lead foreclosure interventions that help people keep their homes, or that reinvigorate communities where foreclosure has decimated block after block.

To make this all happen, Toledo LISC provides grants, loans, and equity for nearly every aspect of development, from planning and acquisition to construction and ren­ovation. We do this through LISC Housing and our affiliate, the National Equity Fund. LISC National also created the Community Development Trust, the first real estate investment trust specializing in affordable housing that continues to invest in affordable housing around the country.  We offer techni­cal assistance, data and mapping tools to communi­ty-based organizations working to improve the supply and condition of affordable housing in their neigh­borhoods. And we advocate for good housing policy at all levels of government.
 

Year 16 Initiative

Since 2016, LISC has facilitated a working group to address issues with Toledo’s portfolio of approximately 750 scattered site single family homes built with the Low Income Housing Tax Credit program in the early to mid-2000s.  These homes are reaching the end of their mandated compliance period and tenants are able to acquire them and become homeowners. Existing tenants are linked with the Financial Opportunity Centers to help them prepare financially for the opportunity to acquire the home they’ve been renting. In order to facilitate the homeownership that was originally envisioned in the project, LISC is facilitating a working group of city, county and state representatives along with developers, banks and other lenders, to streamline the process.

To determine success, we are tracking items such as the number of new homeowners created, number of units who’s affordability was preserved, number of overall sales, and resources leveraged.

Contact

Victor Abla
Email