Equity
LISC syndicates tax credits to provide equity to CDCs for investment in affordable housing and a wide range of economic development activities.
Affordable Housing
National Equity Fund, Inc. (NEF), a LISC affiliate, is
the nation's largest nonprofit syndicator of low-income housing tax credits. In
collaboration with CDCs and community-focused investors, NEF, Inc. has provided
billions of dollars in equity to help fund the development of 46,000 affordable
homes nationwide. In Milwaukee, NEF is the principal investor in
- L.S. Beauchamp Townhomes, Phases I and II (Inner City Redevelopment Corporation)
- Parkwest Townhouses, Phase
II (New Covenant Housing Corporation)
- Rev. Dr. Leon H. Sullivan Townhouses (Inner City Redevelopment Corporation)
- Columbia Square (North Avenue Community Development Corporation)
- King Commons (Martin Luther King Economic Development Corporation)
- Matyas Building (Wisconsin Preservation Fund)
Economic Development
LISC received a $65 million allocation of New Markets Tax Credits that is available for investment in a wide range of economic development activities in qualified census tracts. In addition to providing equity, New Markets Tax Credits can be used to reduce the cost of debt provided by LISC.