NSIIF Closes More Than $4 Million in Financing to Preserve Affordable Housing and Community Spaces

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. 

On June 30, 2026, NSIIF closed a $1.5 million senior loan to Black Owned and Operated Community Land Trust (BOO CLT) in Los Angeles' historic Leimert Park neighborhood. The financing will refinance existing acquisition debt and support predevelopment activities for the redevelopment of a fully occupied commercial property on Degnan Boulevard. The project will preserve affordable commercial space for local businesses while adding new retail, office, and community-serving space that supports economic growth and cultural preservation in one of Los Angeles' most important Black cultural districts. 

On July 1, 2026, NSIIF closed a $2.5 million acquisition loan for Clinton Street Apartments, a 23-unit naturally occurring affordable housing (NOAH) property in Cornwall, New York. The financing will help preserve affordable rental housing serving households earning between 50% and 80% of Area Median Income (AMI). The transaction also includes planned repairs and capital improvements that will support the long-term quality and stability of the property. The project is sponsored by Grove Residential LLC, an emerging developer focused on preserving affordable housing across secondary and tertiary markets in the Northeast. 

"These investments reflect the power of impact-driven capital to preserve affordability, strengthen local economies, and expand opportunity in communities of all sizes," said Tiffany Durr, President of LISC Fund Management. "Whether we're supporting community ownership and economic vitality in Leimert Park or preserving much-needed affordable housing in the Hudson Valley, our goal is the same: to invest in projects that create lasting benefits for residents, entrepreneurs, and neighborhoods. We're proud to partner with mission-driven sponsors who are helping build stronger, more equitable communities." 

Together, these transactions represent $4 million in financing dedicated to preserving critical community assets, from affordable commercial space that supports small businesses and cultural identity to affordable housing that helps families remain rooted in their communities. Through NSIIF, LFM remains committed to deploying capital where it can generate both financial returns and meaningful community impact.

To learn more about NSIIF, please visit https://www.liscfundmanagement.org/national-strategic-investments-impact-fund-nsiif.