Local Initiatives Support Corporation

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Local Initiatives Support Corporation

Formation	1979
Founder	Ford Foundation
Type	Non-Profit CDFI
Location	Headquartered in New York City, Local Offices in 30+ Cities in the US
Area served	United States
Method	Grants, Loans, Investments
Key people	Robert Rubin: Chairman of the Board
Revenue (2015)	$136,957,578[1]
Expenses (2015)	$121,483,767[1]
Website	www.lisc.org

The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states.^[2] LISC was created in 1979 by executives from the Ford Foundation.^[3] LISC's affiliates include the National Equity Fund (NEF), the largest national syndicator of Low Income Housing Tax Credits (LIHTC),^[4] the New Markets Support Company, a national syndicator of New Markets Tax Credits,^[5] and immito, which specializes in SBA 7a lending.

LISC and its affiliates support community development projects through grants, loans and equity investments as well as technical and management assistance. In the 2020 fiscal year, it reported grants, loans and investments totaling US$2 billion, leveraging $4.4 billion in total development and supporting over 700 partners across America. Since 1979, LISC has invested $24 billion into communities, leveraging $69 billion to support the creation of 436,000 affordable homes and apartments and 74.4 million square feet of retail and community facilities.^[6]