LISC dollars at work
LISC Closes First HRSA-Guaranteed Loan
In trying to keep up with the growing healthcare needs of the community in Long Beach, CA, Community Medical Wellness Center grew its patient load by more than 150 percent between 2019 and 2021. LISC provided a $7 million loan to support the federally qualified health center’s acquisition of its headquarters location, accommodate more patients, and expand its mental health services.
DVM Consulting Corp Secures Key Financing for First Development
DVM Consulting Corporation (DVM) is a woman-owned and Minority Business Enterprise developer in Boston, MA providing real estate development services. LISC provided a $750,000 predevelopment loan to support the development of five vacant city-owned properties into 30 affordable, for-sale units to build wealth for individuals.
Longtime Residents Organize and Build Ownership in DC
Residents at Washington, DC’s La Unión Buena Vista are deeply rooted in their community, but it’s a struggle to retain those roots in a neighborhood like Columbia Heights, where decades of gentrification have displaced many Black, Hispanic, and low-income households. LISC provided financing for the tenant purchase of the 34-unit apartment complex and immediate, critical repairs.
