Housing

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DVM Consulting Corp Secures Key Financing for First Development

DVM Consulting Corp recently closed with LISC on critical early stage financing to build affordable housing on five city-owned parcels near the intersection of Blue Hill Avenue and Fabyan Street in the Mattapan neighborhood in Boston.

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Nubian Ascends Partners Close on Predevelopment Financing for Economic, Arts & Culture Hub

LISC, in partnership with five other participating lenders, recently closed on $3 million in predevelopment financing to the Black-led developer of Nubian Square Ascends, a mixed-use redevelopment of the Blair Lot, a vacant City-owned parcel in the heart of the Roxbury neighborhood of Boston.

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Housing Spotlight: The Neighborhood Developers, Preserving Housing in Chelsea

LISC recently approved acquisition funding, supporting The Neighborhood Developers' (TND) acquiring and preserving twenty-seven (27), 100% affordable homes for seniors and individuals with disabilities in Chelsea.

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LISC Supports Nonprofit's Purchase of Occupied Housing to Prevent Displacement in Chinatown

This is the first time an organization has bought an occupied building in Chinatown to maintain affordability and prevent displacement for the residential and commercial tenants.

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Mass General awards $1.1 Million to LISC to Address Housing as part of Determination of Need (DoN) Investment

The Mass General Allocation Committee selected Local Support Initiatives Corporation (LISC) Boston, a community development financial institution, for a $1.1 Million affordable housing investment to seed the Community-Based Predevelopment and Acquisition Fund.

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LISC Expands Funding for Affordable Housing Near Transit

LISC's Equitable-Transit Oriented Development Fund (ETODAF) invested in The Neighborhood Developer's (TND) purchase of an affordable property in Chelsea to keep existing residents from being displaced.

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Op-Ed: Four Things Massachusetts Must Do to Ease the Housing Crisis

In an op-ed for the Boston Globe, Karen E. Kelleher, LISC Boston’s executive director, and Paul S. Grogan, CEO of the Boston Foundation and former LISC CEO, sound an urgent call to action to tackle their city's affordable housing crisis.