LISC and NEF to invest $100 million in Louisiana
12 Apr 2007 - LISC
LISC and its affiliate, National Equity Fund, recently announced an additional $100 million to be spent in Louisiana this year on 2,000 affordable housing units. Together the two organizations had already harnessed more than $50 million for Louisiana invesment through the end of 2006, and much of the additional development has been made possible by a surge in post-Katrina Gulf Opportunity Zone tax credits. With NEF matching housing tax credits to investors, and LISC providing project financing, the collaboration between the organizations results in more housing units being developed. "We're really working all over the state," explains Michael Rubinger, President and CEO of LISC. "We're not developers. We provide financial assistance. So we need people on the ground who can produce (project opportunities)."
- Read more about the partnership and area projects in The Advocate.
- Learn more about LISC's Gulf Region Rebuilding Initiative
Article Type: News