LISC Strategic Investments

A new report from Redfin shows that rent in #Charlotte has dropped, due in large part to an increase in available units! This is great news for renters and a win for #AffordableHousing! https://lnkd.in/earBb8g3

Sam Yadav, along with his wife Vanita, founded Quest Safety Products, Inc, a company that manufactures and distributes personal protective equipment to major pharmaceutical and life sciences corporations across the country. As Quest’s CEO, Yadav has demonstrated a strong commitment to job creation and investment in the ethnically diverse, under-resourced community just east of Indianapolis’s airport, where the company recently built a new 58,000-square-foot headquarters and warehouse. The Abbott-LISC Initiative to Support Diverse Businesses in Health provided $250,000 in growth capital to help fuel Quest’s expansion. Yadav's dedication goes beyond job creation, extending support for his workers and the broader community. Read more about his inspiring story and the motivation behind his efforts: https://lnkd.in/eQ_6bv4H LISC Indianapolis

Houston-based small business Laveer Logix , which helps connect people to state resources after disasters, received a $260,000 loan from #LISCLending. Funded by the Abbott-LISC Initiative to Support Diverse Businesses in Health and the Entrepreneurs of Color Fund, this support will boost its work with federal agencies and drive growth through new contracts. Read more: https://lnkd.in/eRRYZzsT

LISC is running for Community Capital Management, LLC's 2024 Impact Awards! ??? Vote for us here:?https://lnkd.in/e6bTna-w

Collin County, TX is celebrating a step towards solving the #AffordableHousing crisis and ending homelessness, according to The Dallas Morning News! We’re proud to support our partners at Agape Resource & Assistance Center, Inc. through #ImpactInvestments from the Black Economic Development Fund.? https://lnkd.in/e6PvK_4B.

We’re celebrating for the completion of the #Beauton, a 29 unit #AffordableHousing? project in the #NorthEnd of #Detroit, funded in part with $1.6M of #ImpactInvestments from the Detroit Housing for the Future Fund! https://lnkd.in/eZKjSNrB

We are thrilled to announce that Tiffany Durr has officially been named President of LISC Strategic Investments and LISC Fund Management! Local Initiatives Support Corporation (LISC) President Michael T. Pugh praised Tiffany’s extensive professional experience, including six months as interim president of LISC SI, and noted “I think it is her passion for this work that really sets her apart. She understands how to connect with investors on questions of risk, return and impact as well as how to make connections with developers, community organizations and city leaders to generate the best possible outcomes.” We’re very excited that Tiffany will continue to lead our work to develop #ImpactInvesting strategies that strengthen communities, #SmallBusiness and opportunities for #AffordableHousing.? https://lnkd.in/gKGerEpd

I had a great whirlwind trip to Houston last week with my Local Initiatives Support Corporation (LISC) coworker, David Johnson, for B2G VICTORY's event Pancakes with Primes (https://b2gvictory.com/md/), an exclusive MD Anderson-sponsored event designed to match Texas HUB-Certified construction contractors with large prime contractors. We had the opportunity to share more about LISC's supplier diversity initiatives (like the Corporate Alliance for Supplier Capital) with dozens of small businesses. The event was extra special because B2G Victory is a LISC investee as well, and this was the first chance I got to meet Julie Irvin Hartman, MBA in person (if you don't know her, she is an amazing resource and partner for small businesses in TX and beyond!). (We also squeezed in a lovely post-flight lunch with Desurai Wilson and Whitney Burrell of Laveer Logix , a LISC borrower and investee - learn more about Desurai's story here https://lnkd.in/e5YZgvn6)

Big News from LISC Fund Management! ?? The Dallas Housing Opportunity Fund (DHOF) has reached $41.5M, thanks to new investments from BOK Financial, Charles Schwab, and KeyBank! #thankyou Launched in 2022 with $6M seed funding from the City of Dallas, DHOF has already invested $34M across seven projects, supporting nearly 500 affordable housing units and driving $130M in total development costs. A huge thank you to our newest investors, existing investors Amegy Bank, Sunflower Bank, N.A. Truist, funder City of Dallas, and local partner TREC Community Investors, for making this possible. Together, we’re addressing the affordable housing crisis and building a brighter future for Dallas. https://lnkd.in/eNbkfvnV #AffordableHousing #ImpactInvesting #CommunityDevelopment #HousingForAll

Day 1 of #AHFLive is in the books! Thank you Valisha Darden-Ward for providing our #QuoteOfTheDay: “Despite political uncertainties ahead, the affordable housing community remains strong and dedicated to collaborating to create more affordable homes.”