Broadstreet Impact Services’ Post

What a way to end the week! We are honored to announce that LISC has been awarded $65M in New Market Tax Credits from the U.S. Treasury’s Community Development Financial Institutions Fund (CDFI Fund), to fuel investments in child care, economic development, community spaces and many more projects that nurture wellbeing in the communities we work with.   For 20 years, Broadstreet Impact Services, a LISC affiliate, has syndicated New Markets Tax Credits to make community change, and the latest award brings that investment to nearly $1.3 billion. LISC is one of 104 organizations receiving New Markets Tax Credits this year and received the highest award level offered. It will help us invest in new work to create accessible jobs and expand access to healthcare services in low-income communities across LISC’s local program and rural footprint, as well as to continue supporting existing projects.   The award is a testament to LISC and Broadstreet’s track record deploying and managing these critical funds, and creating meaningful impact in communities that have been overlooked and under-invested for far too long. And if that weren't enough, Broadstreet is also a leader in efforts to decarbonize New Markets Tax Credit investment work (check out their new report, Decarbonizing the NMTC Industry). Excited to forge ahead with our partners and colleagues on this work. https://lnkd.in/eDDEgjZi