LISC's equity products are available to fill gaps at all stages of a project and are provided nationwide:
New Markets Tax Credits
LISC’s New Markets Support Company (NMSC) has worked with the federal New Markets Tax Credit program to invest over $600 million in support of projects that have created over 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 brownfields 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—the largest in the country--NMSC provides Syndication Services, third-party Asset Management Services and software leasing services.
Partnering to provide SBA 504 Loans
LISC’s New Markets Support Company is also partnering to direct fund 100% of an SBA 504 loan first mortgage at below market rates in targeted low- to moderate-income areas. Download the attachment below for more information:
National Equity Fund
LISC’s tax credit affiliate, the National Equity Fund, is the largest syndicator of Low Income Housing Tax Credits in the country with $8.8 billion invested in 2,200 projects. Find out more by going to: http://www.nefinc.org/.