News & Stories

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From National LISC:
3.18.2024 -

Crain’s NY Names LISC President & CEO, Michael T. Pugh, a 2024 Notable Leader in Finance

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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.

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From National LISC:
3.13.2024 -

In Recognition of HUD Secretary Marcia L. Fudge

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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.

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From National LISC:
3.11.2024 -

Strong Support for Communities in the 2024 State of the Union

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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.”

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From National LISC:
1.25.2023 -

Affordable Housing Loss Grows as ‘Qualified Contracts’ Sap Thousands of Housing Credit Units

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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."

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