Local Initiatives Support - aVenture Non-Profit Research
Local Initiatives Support
Operating Status: Operating
LISC: A US non-profit CDFI supporting community development initiatives nationwide since 1979.
Founded
1979
Location
New York City, NY, US
The Local Initiatives Support Corporation (LISC) was founded in 1979 by executives from the Ford Foundation. As a non-profit community development financial institution (CDFI), LISC's core mission is to support community development initiatives across the United States. The organization offers financial and technical assistance to local groups, aiming to build inclusive and resilient communities. LISC operates in nearly 40 cities and spans 2,100 rural counties across 44 states, focusing on areas such as affordable housing, economic development, health, and education.
Notable affiliates of LISC include the National Equity Fund (NEF), the largest national syndicator of Low Income Housing Tax Credits (LIHTC), and the New Markets Support Company. Key achievements include securing significant funding, such as a billion-dollar EPA award to decarbonize homes in underserved communities. LISC's impact is profound, connecting local organizations with essential capital and expertise to foster sustainable community growth and opportunity nationwide.