IN THE NEWS

LISC Fund Management (LFM), the investment advisory arm of the Local Initiatives Support Corporation (LISC), has named Megan McNulty as its new vice president of fund management and finance.

The Big Wave Center officially opened in San Mateo County, creating housing and supportive services for 40 adults with intellectual and developmental disabilities. Supported by the Bay Future Fund's $5.45 million loan, the project expands opportunities for independence, inclusion, and community connection.

At LISC Fund Management (LFM), we believe strategic investments can strengthen communities, preserve affordability, and create lasting opportunities for residents and small businesses. We're pleased to announce two recent closings through the National Strategic Investments Impact Fund (NSIIF) that advance those goals in California and New York.

LISC Fund Management’s has released its 2025 Annual Impact Report, highlighting the investments, partnerships, and initiatives that helped expand housing access, strengthen local economies, and create lasting opportunities in communities nationwide.

Residents are moving into Jericho Village in Wylie, a project seeking to set a nationally replicable model for bringing families out of housing instability.

The Dallas Housing Opportunity Fund (DHOF) is proud to release its 3-Year Impact Report, marking key milestones since launching in 2022. This report reflects the collective work of our funders, partners, and stakeholders who continue to invest in expanding access to affordable housing across Dallas.

Cleveland Housing Investment Fund (CHIF) is expanding its capacity to finance affordable housing developments for people with modest incomes, thanks to a $10 million investment from Huntington Bank, which has increased CHIF’s total capital to $53 million.

LISC Fund Management is proud to celebrate the grand opening of Armonia Apartments, a DHOF-supported development, bringing much-needed affordable housing to the vibrant La Bajada neighborhood of West Dallas.

For more than a decade, Janet Collinsworth has been on the frontlines of supporting women and children experiencing homelessness in Collin County, Texas. As the founder of Agape Resource & Assistance Center, she has helped hundreds of families take steps toward stability. But in recent years, one challenge became impossible to ignore: even after completing Agape’s programs, many families still couldn’t find housing they could afford.

Today, as President of O-SDA Industries, Megan Lasch is helping shape the future of housing across Dallas including a growing portfolio of developments supported by the Dallas Housing Opportunity Fund (DHOF), a fund managed by LISC Fund Management (LFM). Projects such as Kiva East, Envoy 64, and Jaipur Lofts all advance a shared mission: delivering on high-quality, affordable homes in neighborhoods where rising costs are putting pressure on long-time residents.

LISC Fund Management is excited to announce the closing of Depot on Detroit, a new 60‑unit affordable housing community in Cleveland’s Cudell neighborhood. The development brings long-term affordability to a designated Opportunity Neighborhood and marks CHIF’s third project closing as the Fund continues expanding deeply affordable housing across the region.