About LISC Philadelphia
Local Initiatives Support Corporation (LISC) Philadelphia is one of 38 local offices of the nation’s largest community development organization. LISC works alongside residents and partners, to create resilient and inclusive communities of opportunity across America –great places to live, work, visit, do business and raise families.
LISC invests in historically disinvested communities across the country in order to close gaps around health, wealth, and opportunity. Over our 40+ years, LISC Philadelphia has supported the creation of 9,302 affordable homes and 2.8 million square feet of commercial space representing $625 million in total investment.
Recent News & Stories
LISC and Coalition Partners Awarded $2 Billion via National Clean Investment Fund
LISC is one of five organizations leading Power Forward Communities, a new coalition investing in green housing and jobs to support economic opportunity and climate resilience. Today, the EPA awarded the coalition $2 billion to implement a decarbonization strategy that also lifts up under-resourced communities—making housing more affordable, expanding employment, mitigating climate impacts and improving local health. Capital and programs will be deployed over a series of years, and LISC Philadelphia will alert local partners to opportunities as they become available.
April 2024 Newsletter
LISC and coalition partners will receive $2 billion from the National Clean Investment Fund; a spotlight on Community Connectors resident leaders; a new BDO partnership with the Asian American Chamber of Commerce; and the affordable housing Non-Profit Preservation Initiative concludes Year 1.
Crain’s NY Names LISC President & CEO, Michael T. Pugh, a 2024 Notable Leader in Finance
In naming Michael Pugh a leader in finance, Crain's NY noted his leadership of LISC, a CDFI that has invested $30 billion in underserved communities, as well as his accomplishments in establishing a loan fund leveraging alternative data and cultivating the next generation of financial leaders at HBCUs.