- About Us
- Our Work
The Local Initiatives Support Corporation, known as LISC, is one of the largest organizations supporting projects to revitalize communities and bring greater economic opportunity to residents. As one of LISC’s local offices, we provide capital, strategy and know-how to our Twin Cities community development partners.
$621 million invested through grants, loans, and equity
$2.3 billion leveraged in additional linvestments in local projects
14,150 new or preserved affordable homes and apartment
2.1 million square feet of new or renovated commercial and community space
7,000 people have improved their financial stability through our Financial Opportunity Center partners
Maurice A. Jones and Congressman Fred Upton (R-MI) co-authored a blog for The Hill, making a strong case for how Opportunity Zones can attract unprecedented capital to underinvested places—if the necessary oversight and guiderails are in place. Under the right circumstances, OZs could channel some $6 trillion into American communities, leveraging local talent, assets and inclusive development already underway.
This week, the New York Times spotlights LISC NYC’s Inclusive Creative Economy Fund and the wide-reaching benefits of impact investing in creative industries. The LISC fund fuels loans to build and preserve work spaces for artisans and entrepreneurs who would otherwise be edged out of the market by high New York City real estate costs. “We’re trying to create a new channel of investment capital,” says Sam Marks, executive director of LISC NYC. “This is about benefits for low- and moderate-income people.”
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.