Equity Investments
- LISC’s affiliate, the Community Development Trust (CDT), has invested $3 million in multi-family housing projects in the Gulf area. CDT has expanded its commitment in the Gulf Opportunity Zone (GO Zone) to $50 million through 2006 and will provide capital for the first mortgage loans to support affordable housing development in Louisiana and Mississippi.
- NEF will invest in dozens of projects in the GO Zone. Five Louisiana deals which closed in 2005 will comprise 146 new affordable homes. Another Louisiana deal will include $2.8 million in net equity for 30 units. Six additional deals are expected to close in 2006, representing $18.6 million in investments in 202 new affordable housing units.