Affordable Housing Preservation

Preserving Federally-assisted Affordable Housing

LISC established its Affordable Housing Preservation Initiative in 2001 to strengthen efforts toward the preservation of affordable rental apartments whose uses were in jeopardy because of expiring federal subsidies, and to promote preservation-oriented public policies. Since then, LISC has helped nonprofit community development corporations acquire and preserve housing developments, build partnerships with housing authorities and other organizations, and advocate for government policies that can reduce the loss of affordable homes and apartments.

Housing Authority Resource Center

LISC started its Housing Authority Resource Center in 1998 to broker relationships between local housing authorities, LISC local offices, and other community developers in neighborhoods across the country. By providing access to best practices, information, and training the Center has helped connect these worlds to develop creative and collaborative solutions to local affordable housing problems.

HARC teams with local LISC offices and the National Equity Fund (NEF) Public Housing group to build the development capacity of local housing authorities that are considering public housing redevelopment, new housing development (including homeownership) and commercial revitalization. LISC and NEF help identify financing structures that will leverage public resources with private investment as well as direct project financing such as predevelopment loans, bridge lending, lines of credit, working capital, and tax credit equity.