Lending and Equity

Lending and Equity

As a Community Development Financial Institution, we provide capital to projects in low-income, disadvantaged and underserved communities at affordable rates. Our lending and equity products for community development projects along the Metro Light Rail cooridor include pre-development, acquisition, construction, mini-permanent, and small business loans, Low-Income Housing Tax Credits, and New Markets Tax Credits.


We created he innovative Affordable Housing Fund in partnership with the Arizona Community Foundation it address the shortage of housing options for low-income community members. Unlike traditional programs, this fund provides zero-interest loans to nonprofit developers for the pre-development phase of affordable housing projects where financing is not typically available. Once these projects receive long-term lender financing, loans are repaid to our fund — making those dollars available for new projects.


LISC affiliate National Equity Fund® is one of the nation's leading Low Income Housing Tax Credits syndicators. Our relationship with NEF helps us revitalize communities, empower individuals, and create economic opportunities.


New Markets Support Company (NMSC) is a Chicago-based company working to revitalize distressed communities through investment in commercial real estate and operating businesses. They are a wholly-owned subsidiary of the LISC. 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.

NMSC Small Business Lending

TOD Loan Fund

Our TOD Loan Fund incentivizes, leverages, and guides development of equitable Transit-Oriented Development in areas served by Metro Light Rail. In 2012, LISC Phoenix and Raza Development Fund (RDF) invested $20 million that created more than 2,000 units of transit-oriented affordable housing and commercial developments. Incredibly, the funds were deployed in less than three years. In 2015, LISC and RDF built on the success of the TOD Loan Fund by committing an additional $30 million for TOD in the Valley.