LISC Partnership with Core Public and Private Sector Partners
In partnership with several core public- and private-sector partners, LISC has repeatedly demonstrated that meaningful capacity building and targeted investment in under-resourced, mission-driven real estate developers can significantly impact the most pressing affordable housing and community development gaps in our market.
Our toolkit includes:
- Capacity-building grants and technical assistance to strengthen organizational infrastructure and long-term sustainability among our community development partners;
- Professional development support for emerging and established real estate developers, with 111 participants graduating from the first three cohorts of LISC’s Housing Development Training Institute (HDTI). These graduates represent 97 for-profit, nonprofit, and government organizations across New Jersey; and
- Access to capital, including recoverable grants and a comprehensive suite of financing products that support the full real estate development lifecycle, from acquisition through construction.
As a result, in just the past two years, HDTI participants are in the process of completing 247 total housing and mixed-use commercial units. Collectively, this represents nearly $60 million in new or improved real estate investment across several historically market-challenged communities.
The integration of this financial and intellectual capital is made possible through coordinated investments from both private and public capital partners. Given the current funding and policy climate, expanding the affordable housing supply and addressing critical economic challenges will increasingly depend on this integrated people-, place-, and product-focused approach.
