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

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From National LISC:
3.18.2024 -

Crain’s NY Names LISC President & CEO, Michael T. Pugh, a 2024 Notable Leader in Finance

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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.

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From National LISC:
2.21.2024 - , ,

Talking Financial Stability With LISC CEO Michael T. Pugh

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In a wide-ranging radio interview with Audacy's On the Block 94.7, LISC CEO Michael T. Pugh unpacks the ways CDFIs, from the most local to the largest, are so well poised to support financial mobility. He also praises the role of good financial advice, and forecasts how AI can create alternative methods for building credit.

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From National LISC:
1.26.2024 - ,

National Equity Fund Announces Nearly $2 Billion in Affordable Housing Investments for 2023—a Record

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NEF, one of LISC's affiliates, invested a record $1.43 billion in Low Income Housing Tax Credit production, including $70 million in dedicated funding for developers of color, creating or preserving an additional 11,100 affordable homes nationwide.

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