Our Stories

3.25.2020 -

Verizon and LISC Come Together to Support Small Businesses with COVID-19 Recovery Fund

An investment of $2.5 million from Verizon is making it possible for LISC to begin offering critical relief and resiliency-building support to small businesses facing immediate financial threat because of the COVID-19 pandemic. The funding will go to make grants of up to $10,000, especially to entrepreneurs of color, women-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital. Verizon will highlight and bolster these efforts through their inaugural "Pay It Forward Live" online concert series.

2.25.2020 -

For Five Years Running, LISC is Recognized as an ImpactAssets 50!

The LISC Lending department has been included for the fifth consecutive year as an ImpactAssets 50 2020 Fund, a who’s-who of fund managers dedicated to creating positive social and environmental impact. This year saw a record number of applications. As a leader in community development financing, LISC received the ranking in light of our $475 million outstanding portfolio balance and a delinquency rate under 2%.

2.04.2020 -

A Happy First Birthday for the Bay’s Future Fund

In just one year, LISC’s partnership with the Chan Zuckerberg Initiative, Facebook, the San Francisco Foundation and others has hit its $500 million goal—well ahead of schedule and already making inroads to preserve, produce and protect affordable housing with new loans to mission-driven groups.

1.27.2020 -

New Grants “Spark Opportunity” for Students in 26 Underinvested Communities

LISC and the Walton Family Foundation have announced the first recipients of the Spark Opportunity Grant Program, a $2 million initiative to provide planning grants to support the creation of affordable facilities for schools in Opportunity Zones and other under-resourced communities. Twenty-six high-performing schools will receive the initial round of funding, and a second round is already open to applicants.

1.24.2020 -

Fifth Third Bank Teams Up with LISC Affiliate NEF on Opportunity Zone Investments

Fifth Third Bank hosted an event at LISC’s national headquarters this week to announce $100 million in Opportunity Zone investments and tap LISC”s National Equity Fund (NEF) affiliate as one of its four investment partners. NEF will focus $25 million of Fifth Third’s capital to support housing developments for working families, building on its more than 30 years of investments in affordable housing.