- Who We Are
- What We Do
- What We've Accomplished
- Field Resources
Today the Local Initiatives Support Corporation New York City (LISC NYC), Citi Community Development, and the New York City Department of Small Business Services (SBS) launched a second round of the Commercial Corridor Challenge, a collaboration to strengthen and revitalize the streets, small businesses, and community-based organizations that anchor New York City neighborhoods.
A story in The Wall Street Journal highlights LISC NYC’s assistance to nonprofit owners of very low-income HUD Section 202 senior housing to preserve their buildings. The story also profiles a senior building owned by West Harlem Group Assistance, one of the community partners that is part of LISC NYC’s program, NYLOP 2.0.
LISC National’s latest white paper examines emerging strategies that connect industrial district revitalization to local workforce efforts and how investments in industrial districts can fuel programs designed to train low-income residents and ensure they access local jobs. The paper takes a close look at how this plays out in the field with two case studies: one from our own backyard in Brooklyn, NY and one from Jackson, MI. Read on!
LISC NYC supports local partners who invest in people and places in order to create a more equitable, inclusive, and sustainable New York City. We do this in three main ways: We provide financial and human capital to build the capacity of our partners and improve neighborhoods. We invest in affordable housing, businesses, and neighborhood assets to improve social, economic, and physical health. We amplify the voices of disenfranchised communities and advocate with them for policy solutions and resources.
Over the last 40 years, LISC NYC has invested over $2.7 billion in more than 75 New York City community development corporations (CDCs) and other local groups. With our support, these organizations have developed and preserved over 40,000 affordable homes, as well as 1.8 million square feet of retail and community space. In 2018 alone, LISC NYC closed $28 million in loans supporting over $280 million of investment in affordable housing and equitable development projects.