Lending & Grants
 

Lending & Grants

We want your projects to work. LISC offers a wide range of grants and loans for affordable housing developers, small businesses and nonprofits. Below are opportunities that are most useful to the LISC Phoenix market and organizations in Arizona. For a full list of lending products, visit LISC Lending. 

Please keep in mind that terms are subject to change, grants may be available for a limited time and all loans must go through underwriting and credit approval process.

For Housing

  • Arizona Pre-Development Loan Fund: Unlike traditional charitable funds, this Fund provides zero-interest loans to nonprofit housing developers for the pre-development phase of affordable housing projects, for which financing is not typically available. 
  • Homes Matters Arizona Fund: The Home Matters Arizona Fund invests in projects that have intentional comprehensive community efforts that are integrated up-front, not as an after-thought, particularly geographically. Subscribe to Announcements
  • Arizona Housing Fund: The Arizona Housing Fund provides funding for permanent supportive housing projects that serve the most vulnerable individuals and families earning up to 30% AMI (Area Median Income). Funding is distributed on a first come, first served basis for mission-aligned projects.
  • Rental Housing Loan Products: This financing is for the preservation and development of affordable multifamily rental housing as well as market rate housing in certain markets that serves a broader community development purpose.
  • For-Sale Housing Loan Products: Often partnering with public sector housing agencies and development entities, this financing is designed to foster home ownership for low-income residents and families, and includes new construction, home repair, and manufactured housing.

For Child Care and Early Learning Providers

  • Child Care Infrastructure Building Grants: [Applications Closed] In partnership with the Arizona Department of Economic Security, these grants will help increase the capacity and improve of the the quality of child care in Arizona. 

For Small Businesses

  • Kiva Crowdfunded Loans: Through a national partnership with Kiva, LISC sponsors a one-to-one match fund that helps business owners reach their crowdfunded loan goal on Kiva’s platform. Borrowers must work with a LISC Trustee to qualify for the matching funds. Loan sizes range from $0 to $10,000 and are made at a 0% interest rate to both start-up and existing businesses. The proceeds can be used for working capital, equipment and inventory.
  • Economic Development loans: LISC offers Accelerated Business Loans, Permanent Working Capital Loans and Leasehold Improvement/FF&E Loans to existing businesses within LISC communities. Loan amounts range from $25,000 to $500,000.
  • Commercial Real Estate Loans: LISC provides acquisition and construction loans for commercial and mixed-use projects. Loan amounts range from $500,000 - $5,000,000. 

For Nonprofits and School Districts

  • Arizona Community Reinvestment Collaborative:  [Opens Annually] The Arizona Community Reinvestment Collaborative provides one grant annually to a CRA-eligible nonprofit. 
  • NFL Grassroots Field Grants: Our collaborations with the NFL Foundation “Grassroots” program provides matching grants to help schools and community organizations build or rehab football fields.
  • Nonprofit/Other Loan Products: LISC provides working capital lines of credit and a variety of financing products for the development and/or improvement of buildings occupied by our nonprofit partners.