LISC National

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From National LISC:
2.19.2020 - , ,

Putting Faith in a Local—and Ingenious—Solution for Affordable Housing

LISC’s New York Land Opportunity Program is helping churches and other mission-driven groups scale the steep learning curve that leads to developing affordable housing on their land. Three years in, the effort is making promising inroads into the city’s affordable housing crisis, and inspiring similar initiatives in communities across the country.

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About Us

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.