Loans/Equity Investments

LoansAndEquityInvestmentsLISC is a Community Development Financial Institution (CDFI) that offers loans to support a variety of real estate developments, including housing, retail projects, industrial projects, and community facilities such as charter schools, childcare facilities, cultural centers, and health care facilities.

We offer flexible financing during all stages of projects — predevelopment, property acquisition, construction, and permanent. Following are some examples of our loan products:

  • Pre-Development Loans
  • Acquisition Loans
  • Construction Loans
  • Guarantys
  • Revolving Working Capital Loans and Lines of Credit

For additional information, download a summary of LISC lending products. For an application, click here.

Examples of Indianapolis projects can be access here under Project Summaries.

LISC subsidiaries – the National Equity Fund and the New Markets Support Company – offer small business loans and equity products available to fill gaps at all stages of a project and are provided nationwide:

Small Business Loans

LISC now provides capital to small businesses in disinvested neighborhoods so they can build facilities, expand their product lines, hire additional staff and replace aging equipment.  It’s part of our strategy to help neighborhoods that have struggled with distress become stronger, safer places of opportunity.  We created the $10 million LISC Small Business Loan Fund capitalized by Morgan Stanley in partnership with CDC Capital Markets, that combines the strengths of Small Business Administration (SBA) 504 loans with investment capacity of the New Markets Tax Credit (NMTC) program.  We also now have access to the SBA’s Community Advantage Loan Program.

New Markets Tax Credits

New Markets Support Company (NMSC) is a LISC affiliate, Chicago-based nonprofit working to revitalize distressed communities through investment in commercial real estate and operating businesses.

Over the last decade, NMSC has worked with the federal New Markets Tax Credit program to invest more than $600 million in support of projects that have created 17,000 temporary and permanent jobs in low-income neighborhoods. By providing financing to New Markets developments, NMSC helps revitalize commercial corridors, clean up toxic brownfield sites, eliminate blighted crime havens, reinforce investments in nearby housing and schools, and create facilities for critical community services that would not otherwise exist.

NMSC offers a range of services, working with organizations that are allocated federal New Markets Tax Credits as well as with institutional investors seeking to invest equity to purchase those credits. In addition to managing LISC’s New Markets Tax Credit program—one of the largest in the country–NMSC provides Syndication Services, third-party advisory services and software leasing services. Find out more by visiting the New Markets website.

National Equity Fund

The National Equity Fund is a non-profit Chicago-based affiliate of the Local Initiatives Support Corporation and one of the nation’s leading Low Income Housing Tax Credits (LIHTC) syndicators. Since inception, it has played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies. Its investments total more than $10.2 billion in 2,170 LIHTC developments, which created 131,500 affordable homes for low-income families and individuals. Find out more at the National Equity Fund website.

If you’d like more information, please contact:

Aaron Laramore
Senior Program Officer
alaramore@lisc.org
317.454.8489

Nicholas Johnson
Program Officer
(317) 454-8488
njohnson@lisc.org