What a way to celebrate a birthday: National Equity Fund (NEF), LISC’s Low Income Housing Tax Credit syndication subsidiary, turns 35 this month, just as they announce a record-breaking $2.2 billion in affordable housing investments for 2021.That includes $1.23 billion in LIHTC investments and $930 million in preservation loans to improve existing homes—all adding up to nearly 13,600 new and refurbished units. And that in the midst of a pandemic.
This January marks UNESCO’s fourth International Day of Education and creates an opportunity to celebrate progress towards UN Sustainable Development Goal 4: Quality Education. “Quality Education” enables upward economic mobility, reduces inequalities and is a key to fostering tolerance and more peaceful societies. Promoting educational opportunity is at the foundation of the work LISC does in neighborhoods across the country.
The first round of grants through the $3 million Foot Locker Foundation Community Empowerment Program will help bridge gaps in racial equity with support for mentorship, career development, and civic engagement programs for youth.