News & Stories
Crain’s NY Names LISC President & CEO, Michael T. Pugh, a 2024 Notable Leader in Finance
In naming Michael Pugh a leader in finance, Crain's NY noted his leadership of LISC, a CDFI that has invested $30 billion in underserved communities, as well as his accomplishments in establishing a loan fund leveraging alternative data and cultivating the next generation of financial leaders at HBCUs.
In Recognition of HUD Secretary Marcia L. Fudge
As HUD Secretary Fudge prepares to retire from public service, LISC CEO Michael T. Pugh reflects on her impact and the career-long dedication to creating affordable housing for all.
Strong Support for Communities in the 2024 State of the Union
LISC’s Matt Josephs reflects on this year’s State of the Union speech, taking particular note of the president’s comments about affordable housing, child care, climate solutions and community safety. "Taken as a whole, the speech offered a strong and hopeful statement of purpose,” Josephs said, adding that it will take sustained leadership at all levels "to translate promising ideas into on-the-ground progress for families and communities.”
Affordable Housing Loss Grows as ‘Qualified Contracts’ Sap Thousands of Housing Credit Units
LISC is pressing Congress and state housing officials to address the troubling effects of QCs, which reduce the amount of rental housing that is available to families with low incomes. " As a country, we can’t afford to let that continue,” write LISC’s Matt Josephs and Michael Skrebutenas, in a new commentary on the issue. "We can’t afford to subsidize affordable housing development for public good only to watch it slip away for private windfall."