East Buffalo Small Business

News

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3.08.2024 - ,

Release: LISC NY, MURAL Real Estate Partners Close on Deal to Add More Than 230 Affordable Homes - Jamaica, Queens

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LISC NY and MURAL Real Estate Partners recently announced the successful closing of a $24.7 million loan that will contribute to the development and revitalization of a bustling neighborhood of Jamaica in Queens, NY.

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3.08.2024 - , , , ,

Release: LISC NY Supported Projects to Add Nearly 300 Affordable Homes, Expand Access to Health Care, Arts, and Quality Food Across New York State

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LISC NY is proud to announce the successful closings of four loans supporting projects that will contribute to the development and revitalization of communities across New York State. Totaling nearly $16.2 million, the loans are directed to projects in underinvested communities that will add nearly 300 affordable homes and improve access to healthcare and fresh and affordable food, boosting the quality of life and creating jobs.

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3.06.2024 - , ,

QNS: Deal Closed to Add 230 Affordable Housing Units to Hillside Avenue in Jamaica

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LISC NY has partnered with MURAL Real Estate Partners, a privately owned real estate company, to develop approximately 230 units of affordable housing on Hillside Avenue in Jamaica, Queens. “This investment into this vibrant and culturally rich section of Jamaica represents yet another opportunity to improve the lives of underserved New Yorkers and revitalize an underrepresented community,” says LISC NY Senior Executive Director Valerie D. White.

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2.02.2024 - ,

McKinsey and the State of Housing Inequality: Black Homeowners Won’t Catch Up at this Rate for Over 300 years

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Valerie D. White, Senior Executive Director of LISC NY, recently spoke with Fortune about how housing affordability affects Black residents more due to long-standing institutional and societal issues. “It includes a mixture of access barriers, like racist practices in real estate and mortgage lending, and redlining, on top of the fact that Black Americans on average have lower pay than their White counterparts,” she says. This, “along with lower rates of generational wealth due to the obstacles established by hundreds of years of institutional racism that began with slavery [continue] to perpetuate the disparities we see today.”

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About Us

LISC NY supports local partners across New York State whose services and programs aim to create a more equitable, inclusive, and sustainable New York. We believe that the time has come to forge a future for New York that eradicates the racial wealth gap for good, protects affordable housing, and builds pathways of meaningful economic opportunity for all New Yorkers. 

Visit our Who We Are page to learn more about our investment strategy and our three-pillar approach.