The Local Initiatives Support Corp. (LISC) announced it is deploying $5.2 billion by 2028 to expand access to affordable housing across the country.
These funds will be invested through LISC’s network of affiliates and partners, and leveraged with additional private investment, to support proven community development programs that build new units and preserve existing housing for low- and moderate-income families, while addressing big-picture issues like bottlenecks in housing production, preparing future builders to meet demand, and helping communities turn underused land into stable housing, said the organization.
“The housing crisis is real, and the power and necessity of community development has never been clearer,” said LISC president and CEO Michael Pugh. “Investments like the ones that LISC and our affiliates offer give a path forward for communities throughout the country to tackle the biggest challenges around creating accessible affordable housing. By assisting with housing production, demand, and the repurposing of land, we can create powerful change.”
LISC is making significant progress toward that goal. In 2025, it deployed $2.8 billion for affordable housing, putting the organization more than halfway toward its commitment, and marking its second-largest investment year on record.
The organization deployed $3.1 billion in total last year, leveraging $8.6 billion for community development initiatives that contributed to nearly 25,000 affordable homes, develop 4.5 million square feet of commercial and community space, and partner with more than 1,400 local organizations nationwide.
To illustrate its work, LISC highlighted recent investments in:
- Southwest Montana, a historically under-resourced region, where LISC funds supported local capacity to rehabilitate nearly 100 rental homes, develop 46 affordable homeownership units, preserve two shelters, and advance 700 low-income housing tax credit units;
- The San Francisco Bay Area, where 15 faith organizations, including the Friendship Christian Center in West Oakland, are helping advance the redevelopment of church property into 50 apartments for low-income seniors and demonstrating how underused land can become stable, community-centered housing; and
- Washington, D.C., where LISC helped mobilize $5.4 million to install 1.26 megawatts of solar power across seven properties, enabling communities to sell discounted electricity to property owners, generate revenue through solar credits, and reduce long-term operating costs for community-serving institutions.
“Families should not be forced trying to make ends meet, foregoing basics like food, health care, transportation, and child care to keep a roof over their heads,” Pugh said. “By capitalizing on the funds being deployed by LISC, communities and organizations like those in Southwest Montana, the Bay Area, Washington D.C., and beyond are able to create meaningful change for residents who need it most.”
As the nation’s largest Community Development Financial Institution, with a reach of 34 local offices across the country, including a rural program that reaches more than 2,400 counties in all 50 states and three U.S. territories, LISC brings locally driven solutions to scale, helping more families and neighborhoods build stability and opportunity for the future.
LISC’s 2025 annual report is available at www.lisc.org.