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Physical Environment

A healthy built environment provides great places for families to live, do business, work and play. As a Community Development Financial Institution (CDFI), Bay Area LISC helps community development organizations leverage other funding by providing financing to build affordable housing, community facilities and other neighborhood improvement projects. By expanding capital investment in neighborhoods to develop, preserve and invest in the physical environment, we aim to take down the financial barriers faced by community development organizations to preserve and renew their neighborhood. We are committed to ensuring that our financing continues to add value to the work of our community partners, helping them build healthy communities.

Affordable Housing & Community Development Financing

LISC’s financial products include recoverable grants, predevelopment and acquisition loans, bridge loans and mini-permanent loans. Through our affiliate, the National Equity Fund, we make equity investments in affordable housing and deploy New Market Tax Credits. Please download our lending term sheet here and contact Peggy Jen at Bay Area LISC for further information about our financial services. Please view the spectrum of LISC’s financing tools below.

Bay Area Transit Oriented Affordable Housing (TOAH) fund: The Bay Area TOAH Fund is a public-private financing resource for the development of affordable housing and other community services near transit throughout the nine-county Bay Area. The Fund’s goal is to promote equitable transit-oriented development (TOD) by catalyzing the development of affordable housing, community services, fresh foods markets and other neighborhood assets. The Metropolitan Transportation Commission (MTC), along with foundations and financial institutions, is providing capital to support the Fund. LISC is one of six CDFIs who partnered to create the Fund. Download one-pager.

Golden State Acquisition Fund: A new financing tool is helping spur affordable housing for California's low income families. LISC has joined forces with the State of California and a consortium of Community Development Financial Institutions (CDFIs) to launch this new tool, the Golden State Acquisition Fund. The $93 million fund will support the preservation and development of affordable multifamily rental housing, mixed use projects that include affordable housing and homeownership housing for low-income households. The California Department of Housing and Community Development (HCD) seeded the fund with $23 million made available through voter approved funds. LISC is one of six CDFIs originating loans and providing the remaining capital. Download one-pager.

Healthy Futures Fund: LISC joined forces with Morgan Stanley and the Kresge Foundation to launch the Healthy Futures Fund. This national initiative supports the development of community health centers in underserved areas as well as affordable housing that incorporates health programs for low-income residents. The fund is seeded with $100 million in equity, grants and loans and is expanding with new partners. Download one-pager.

Healthy Food Financing Initiative: LISC was awarded $3 million from the Treasury Department’s CDFI Fund's Healthy Food Financing Initiative (HFFI) to increase access to fresh and healthy food in low-income communities.   A total of 75% of the award ($2.25 million) will support healthy food retail outlets including grocery stores, farmers markets, food coops, and others in underserved communities that qualify as food deserts or have low access to fresh foods.  The remaining 25% of the award ($750,000) can support a range of healthy food activities related to food production, distribution, marketing or outreach as well as retail. Download one-pager.

Small Business Resources

Small Business Loan Fund: Morgan Stanley and LISC launched a Small Business Loan Fund to support commercial expansion and create jobs.  This will provide first mortgage loans at below market rates in specific low to moderate-income areas. Morgan Stanley is providing $10 million in debt financing and equity capital to help launch the Small Business Loan Fund while LISC is allocating its federal New Markets Tax Credits (NMTC) to the fund. The Fund will make qualifying loans under the SBA 504 program, which allows businesses to buy, build or expand facilities and purchase equipment. Download one-pager

California Small Business State Loan Guarantee Program: This loan product encourage banks to make small business loans that otherwise would not be made.  Special emphasis is placed on the creation and retention of jobs.  Eligible use of funds includes working capital, equipment purchases, inventory, contract financing, business expansion, line of credit and real estate.  Guarantees cover up to 80 percent of the loan amount, with the guaranteed portion of the loan not exceeding $2,500,000.

SBA Community Advantage Program: Community Advantage expands the 7(a) program to mission-focused financial institutions that traditionally work with underserved communities and have not previously had access to SBA loan programs. Community Advantage leverages the experience these institutions already have in lending in economically-challenged markets, along with their management and technical assistance expertise to help make their borrowers successful.  The maximum loan size is $250,000 and the SBA will guarantee up to 85 percent of the loan.

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