LISC Puget Sound

There's still time to register for an informative learn at lunch series! This series features funding opportunities available from the Inflation Reduction Act (IRA) and related programs! IRA funding provides new opportunities to create environmental equity in communities that have been disproportionately affected by the impacts of climate change. Learn more about available sessions and register today: https://lnkd.in/gF7Wn7qe

Update Alert - We have significantly increased the number of individuals and organizations supporting this effort. The deadline has been extended to October 11 so please continue to share. https://lnkd.in/g-EJ53T3

"The Housing Equity Fund has really been an accelerant, more than anything else." Want to learn more about Amazon's housing finance investments? Check out this Urban Land Institute interview with Senthil Sankaran, Managing Principal of the Fund. https://lnkd.in/dSKG2W7d

Great resource for WA!

This The Seattle Times article by Heidi Groover does a great job highlighting the opportunities and challenges of building affordable housing on church-owned land. Churches across Seattle are stepping up to help solve the affordable housing crisis by transforming their underused land into affordable homes. It's inspiring to see this movement, where faith-based institutions, guided by their mission, are turning dreams into reality. However, the challenges they face—long planning timelines, limited funding, and a complex development process—are immense. Our partners at Enterprise Community Partners and The Nehemiah Initiative are doing incredible work helping churches navigate these barriers. They’re providing technical assistance, predevelopment funding, and the know-how to help these congregations bring housing to life. At LISC Puget Sound, we’re proud to be a part of this movement, building capacity, braiding funding sources, and leveraging HEA developers to ensure faith projects across Puget Sound succeed. We’re also supporting policy initiatives that make these developments more feasible, while working alongside leaders like Rev. Wayne Wilson to strengthen the connection between affordable housing and community faith-based efforts. Together, we can collaborate to create solutions that not only tackle the housing shortage but also build healthy, thriving communities where everyone has the opportunity to succeed. By working hand-in-hand, we can ensure that these developments contribute to a more equitable and inclusive future for all. #AffordableHousing #FaithBasedDevelopment #HousingSolutions https://lnkd.in/gjRTFYtT

We are excited to partner with?Amazon?to announce the launch of the Affordable Housing Equity Bridge Program.?Amazon’s Housing Equity Fund provides more than $3.6 billion in below-market loans and grants to preserve and create more than 35,000 affordable homes for individuals and families earning moderate to low incomes in the Puget Sound, National Capital, and Nashville regions.? The?Amazon?Affordable Housing Equity Bridge Program will provide students with the opportunity to explore the affordable housing sector with?Amazon?and its partners in Nashville, the Puget Sound and National Capital Region. Through this live, 7-week program students will attend interactive speaker sessions with sector leaders, skill-building workshops, and a site visit, providing participants with exposure to early career opportunities in affordable housing. Apply here: https://lnkd.in/gN7z7YdX Special thanks to?Amazon,?KellyAnn Kirkpatrick?and?Senthil Sankaran?for their support in building this program. #ProjectDestined?#Amazon?#AffordableHousingEquity?#CommercialRealEstate?#EarlyCareerOpportunities #FutureLeaders?#CRE?#PDCommunity

LISC Puget Sound was excited to participate in Housing Washington 2024! This event continues to inspire, offering incredible opportunities to reconnect with familiar faces and build new relationships. A special shout-out to Mansour Camara, MBA for representing the Urban League of Metropolitan Seattle and showcasing your impactful collaboration with SRM Development. Your insights were a valuable addition to the Emerging Developers panel, and you represented your organization with excellence. We appreciate the opportunity for AJ Cari, Senior Program Officer at LISC Puget Sound, to highlight our Housing Equity Accelerator (HEA) program, which addresses the critical need for affordable housing by investing in emerging developers. The program focuses on three key pillars: Content, Connections, and Capital to help drive sustainable housing solutions. Check out our website to learn more. Another big?congratulations?to Tsega Desta, an HEA Cohort 2 Fellow, for her insightful contribution on the Community Involvement for Effective Housing panel. She shared the impactful community engagement process behind ETHIOPIAN COMMUNITY IN SEATTLE's Ethiopian Village project. Let’s keep the momentum going! #SpokaneWA #AffordableHousing #HousingWashington

?? Addressing Washington State's Affordable Homeownership Crisis ?? Down payment assistance alone is no longer enough to create homeownership opportunities for many income-qualified households. That’s why Homestead Community Land Trust’s updated Closed Doors report recommends a shift toward investing in the new construction of subsidized homes to increase the affordable housing supply across Washington State. The report provides valuable insights, with data showing that the affordable housing shortage isn’t just a King County problem but a state-wide challenge affecting households earning up to 120% AMI. Homestead’s research highlights the importance of subsidizing permanently affordable homes, which often requires less investment than down payment assistance. To learn more about the challenges and potential solutions, visit the report and interactive dashboard at ClosedDoorsReport.com. As Lauren E. McGowan, Executive Director of LISC Puget Sound, states: “Now is the time for bold investments that prioritize both affordability and racial equity to make meaningful progress in addressing the housing crisis.” Let’s work together to unlock homeownership opportunities for all! https://lnkd.in/g9SE23wu

Exciting news for Local Initiatives Support Corporation (LISC)! ?? LISC has been awarded $65 million in New Market Tax Credits from the U.S. Treasury's CDFI Fund. This latest achievement brings our NMTC investments in low-income communities to nearly $1.3B over the past two decades—driving progress in critical areas like healthcare, childcare, job creation, and economic development.

??Tonight the YMCA of Greater Seattle is hosting a Credit Repair Support Event! ?? If you're looking for guidance on improving your credit, don't miss this valuable opportunity to get expert support and advice. We encourage everyone to attend and take advantage of these resources! ?? When: September 19th, 6 PM - 8 PM ?? Where: 3622 SW Snoqualmie Street, Seattle, WA 98126 Let’s come together to support our community-Please share this amazing opportunity with your network