Stories

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3.28.2024 -

PNC Bank Invests $20 Million in LISC to Fuel Growth in Under-resourced Communities

New capital from PNC Bank includes innovative, equity-like funding to support LISC’s long-term community investment strategies. "With this capital, PNC has made a remarkable commitment to the well-being of families and communities, with a ripple effect that will support economic growth long into the future,” said Michael Pugh, LISC president and CEO.

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3.26.2024 -

Nadia Villagrán Named to Lead Rural LISC, Fuel New Investments in Housing, Economic Development, Jobs

With deep personal and professional experience in rural community development, Villagrán, a veteran LISC staffer, will build on nearly 30 years of Rural LISC investments in affordable housing, workforce development, economic growth and culture.

Three workers dressed in yellow installing solar panels on a rooftop
3.25.2024 -

LISC & Enterprise to Launch New Book on Community Development & Climate Resilience

Next month, LISC and Enterprise Community Partners will release “What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods,” an urgent collection of essays on the intersection of community development and climate resilience.

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3.13.2024 -

LISC Named One of ImpactAssets 50 Emeritus Awardees for 2024

LISC has once more been named Emeritus Impact Manager for the ImpactAssets 50 (IA 50), a who’s-who of fund managers dedicated to creating positive social and environmental impact. The IA Emeritus category represents impact fund managers who have been on the IA 50 for at least five years. LISC is one of ten community development financial institutions (CDFIs) that were selected for this year’s IA 50, reflecting the critical role CDFIs continue to play to build more inclusive and equitable communities.

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1.26.2024 -

National Equity Fund Announces Nearly $2 Billion in Affordable Housing Investments for 2023—a Record

NEF, one of LISC's affiliates, invested a record $1.43 billion in Low Income Housing Tax Credit production, including $70 million in dedicated funding for developers of color, creating or preserving an additional 11,100 affordable homes nationwide.

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1.25.2024 -

New Study Tracks Significant Growth in Tax-Exempt Bond Financing for Charter Schools

LISC’s charter school finance team analyzed the full range of charter school bond issuance from 2015-2022, building on three prior reports that catalogued the history of the sector. “With public charter schools now educating more than 3.7 million students nationwide, and against the backdrop of unprecedented learning loss stemming from the pandemic, preserving dollars to invest in core academic programs is of heightened importance,” the report states.