equity
Through three affiliates (The National Equity Fund, The New Markets Support Company and the Community Development Trust), LISC provides equity investments for projects that support community revitalization across the country, including affordable housing, commercial and retail buildings, and arts and community space.
Low-Income Housing Tax Credits
The federal low income housing tax credit was established in 1986 to encourage private investment in affordable rental housing. LISC's affiliate, National Equity Fund, Inc. (NEF), is the nation's largest nonprofit syndicator of the credits, providing equity capital for multifamily housing projects. Since 1987, NEF has been involved in developing 1,300 affordable housing developments in 250 urban communities and rural areas.
New Markets Tax Credits
LISC is a pioneer in the development and use of New Markets Tax Credits to stimulate private capital investment in communities with high levels of economic distress and transform them into good places to work, do business and raise children. A pioneer in the creation and use of this new federal program, LISC has focused its efforts on financing the development of commercial and community space and housing that generate jobs, provide needed goods and services, and reverse physical deterioration in struggling communities. The National Equity Fund, Inc. (NEF) manages LISC's NMTC Program. NEF is LISC's tax-credit equity affiliate and has invested more than $5.5 billion in low income communities over the past twenty years.