LISC Strategic Investments

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.”

City of Detroit announces a new housing ordinance, the Fast Track PILOT (Payment in Lieu of Taxes) that will offer developers tax incentives to build more #AffordableHousing and subsidize rent for low-income families in an effort to create a more equitable #Detroit! https://lnkd.in/gs2_buhJ

Please share this widely! Grants from Local Initiatives Support Corporation (LISC) and Lowe's Companies, Inc. are available for #SmallBusiness impacted by #HurricaneHelene in #WesternNC!

MacKenzie Scott and her organization, Yield Giving, are setting a new LISC record! Scott has generously gifted our #CDFI $65 million in unrestricted funding, which will enable LISC and our local partners to be more innovative, creative, and sustainable in our community work + impact nationwide. Learn more: https://lnkd.in/eB-ftHAf This contribution builds on a $40 million gift from Scott in 2020, which LISC used to seed programs that narrow gaps in health, wealth and opportunity, particularly for communities of color. We are grateful for the continued partnership!

One more for #AHFLive! Please welcome Valisha Darden-Ward, our Construction Director, to the team going #AHFLive in Chicago next?week to talk about using #ImpactInvesting to build #AffordableHousing and stronger communities. Affordable Housing Finance

Exciting news out of #MecklenburgCounty! Voters have approved the largest #AffordableHousing bond in #Charlotte history, giving significant momentum to continue tackling #AffordableHousing with Charlotte Housing Opportunity Investment Fund and LISC Charlotte!?https://lnkd.in/exv4zvMw

AHF Live is next week! We’re looking forward to discussing how #ImpactInvesting can play a role in supporting #AffordableHousing and closing the racial wealth gap. Team members attending include: David Friedman, Dan McDermott, Drew Falvey, Ivana Saban, Doug Wilberding, Ben Glispie, and Jason Rice. #AHFLive Affordable Housing Finance https://www.ahflive.com/