The Local Initiatives Support Corporation (LISC) is a national nonprofit organization that equips under invested communities with the capital, strategy, and know-how to become places where low- and moderate-income (LMI) Americans can thrive. LISC NYC, LISC’s flagship New York City office, was established in 1980. LISC NYC supports local partners whose services and programs aim to create a more equitable, inclusive, and sustainable New York City. Since 1980, LISC NYC has invested over $3.1 billion and leveraged an additional $7.6 billion in support of low-income communities. This has resulted in over 42,000 affordable homes built and nearly 2 million square feet of retail and community space preserved.

Since April 2020, LISC NYC’s investment strategy has been guided by three pillars:
• Radical healing that counters racial bias and inequity, including through community safety, creative placemaking,
and arts initiatives;
• Inclusive economic transformation that prioritizes human talent, community health, diverse enterprises, innovation,
and public infrastructure; and
• Sustainable wealth generation in communities of color, including through ownership, asset building, and career ladders.

LISC NYC believes that the time has come to forge a future for New York City that eradicates the racial wealth gap for good, protects affordable housing for LMI New Yorkers, and builds pathways of meaningful economic opportunity for all. These goals are particularly urgent in light of the current COVID-19 pandemic and economic downturn that are disproportionately impacting the livelihoods and financial security of New Yorkers of color.

National Equity Fund® is a non-profit Chicago-based affiliate of the Local Initiatives Support Corporation and one of the nation’s largest syndicators of Low Income Housing Tax Credits. Since inception in 1987, we have played an integral role in creating affordable housing options, revitalizing communities, and strengthening local economies. Our investments total $18.3 billion in 2,912 LIHTC developments, which created 200,480 affordable homes for low-income families and individuals.

Our professionals have a reputation for their innovation and extensive expertise. They work in this industry because they are committed to providing opportunities and creating communities where people have access to housing that is affordable, inclusive, safe, and sustainable. And they are focused not only on the initial investment but on the long-term financial and operational success of every development.

We believe in collaboration between developers, local communities ,and investors and that this teamwork is fundamental to achieving an integrated approach. Agreeing on shared long-term priorities at the start produces the most attractive outcome for everyone involved. Our investor relations team is exceptional at matching investors and developers to ensure a shared vision, which is good for our partners as well as for local communities and the residents who live in our developments.

National Equity Fund’s originations and asset management professionals work closely with our partners to not only structure and close on project investments, but also to deliver the kind of technical assistance that ensures the financial and operational success of projects for many years to come.