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Housing is where LISC started. And, it’s still the cornerstone of our mission. Affordable housing has benefits that extend beyond the walls of a home to the community at large. It boosts spending and employment in the surrounding economy, brings revenue into local governments and reduces the likelihood of foreclosure.
A safe, affordable home is one of the basic needs in life—a key to individual health and well-being, often the largest expense or wealth vehicle for families and the foundation for sustainable, economically vibrant and diverse neighborhoods. Strong and healthy neighborhoods start with a housing strategy.
LISC has been an important generator of ideas and programs that communities need – innovations such as The Retail Initiative, The Main Street Initiative, and of course the Low Income Housing Tax Credit which changed the way the nation financed affordable housing. And, we advocate for good housing policy at all levels of government.
The MMRP is an example of one housing strategy LISC Chicago supports because of its focus on building local capacity to improve housing markets.