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October 2025
LISC Fund Management Quarterly
Learn more about the latest fund milestones, project updates, and impact stories from LISC Fund Management.
Welcome to the latest from LFM
As we reflect on the first half of 2025, I’m proud of how far we've come, and energized by what lies ahead. From structuring new funds to preserving vital housing in historically under-resourced communities, our work continues to drive meaningful impact. This is our first quarterly newsletter and is a new way to share our progress with our partners, funders, and collaborators, and highlight the people and projects moving capital where it's needed most.
We hope you’ll stay connected and inspired as we build toward increased community development.
From Tiffany Durr, SVP & President, LISC Fund Management
News & Events
From investment closings to upcoming events, here’s what’s making news across our platform.
LISC Fund Management has successfully closed three investments earlier this month, marking important milestones across our portfolio. Each closing represents months of collaboration, diligence, and strong partnerships that help us direct capital where it’s needed most.
These investments strengthen our funds while showcasing the impact of our team’s collective efforts alongside our valued partners.
Cleveland Housing Investment Fund
Detroit Housing for the Future Fund
About These Investments
Walton Apartments is a new construction senior supportive housing community located in Cleveland, Ohio's Clark Fulton neighborhood. The development will provide 52 affordable units for senior residents with incomes between 30% and 70% of area median income (AMI), with 20 units supporting project-based vouchers.
Parkside Homes is a scattered site LIHTC project that includes 55 single family homes within the Buckeye, Glenville, and Shaker neighborhoods in Cleveland, OH. The Project will provide housing to families at or below 60% of the AMI. Parkside Homes East will contain approximately 49 three-bedroom two-story homes and 6 three-bedroom one-story accessible for-sale homes.
8330 on the River is a 280-unit senior affordable apartment property located in Detroit, MI. The project preserves affordable housing for low-income seniors, serving households earning 50–80% of the AMI.
Learn more about our affordable housing impact funds here.
Investment Highlight: Jericho Village
Wylie, Texas | Sponsor: Agape Resource & Assistance Center | Fund: National Strategic Investments Impact Fund (NSIIF)
Jericho Village is a 38-unit permanent supportive housing development for women and their children transitioning out of homelessness. Backed by trauma-informed design and on-site supportive services, the development brings healing and stability to a community in need.
National Strategic Impact Investment Fund (NSIIF) provided a $2.2 million senior construction loan toward the ground-up development and lease-up of Jericho village.
“This is more than housing—it’s hope. Our residents are reclaiming their futures.”
— Janet Collinsworth, Executive Director, Agape Resource & Assistance Center
Impact Highlights:
38 affordable units with wraparound services
Partnership with the City of Wylie
Prioritized for survivors of domestic violence and housing insecurity
Learn more about the NSIIF fund here.
Disclaimer: References made to endorsements by any third-party to invest with NSIIF are not indicative of future performance and does not imply any guaranteed level of service, skill, or training. Investors should not rely on endorsements for any purpose and should conduct their own review prior to investing. Janet Collinsworth is not a “promoter” or investor in NSIIF, but is a third-party who is not compensated for this statement.
Voices From the Field
Spotlighting the partners, residents, and community leaders whose stories bring our mission to life.
LISC manages the Charlotte Housing Opportunity Investment Fund (CHOIF) which aims to address the city’s affordable housing crisis, especially for low to moderate-income individuals, by increasing the supply of attainable housing in Charlotte.
Key early partner, the Foundation for the Carolinas (FFTC) featured CHOIF in their FOCUS blog, which showcases the people, partnerships, and ideas driving impact across the Charlotte region and beyond.
The article features a Q&A with LISC Charlotte's Senior Executive Director Ralphine Caldwell, who shares insights on the city’s growing affordable housing crisis and the importance of equitable development. She discusses what affordable housing truly means, who it serves, and how rising costs are impacting families across Charlotte. Ralphine highlights the community-centered approach that drives this work, dispels common myths about affordable housing, and underscores the connection between housing, opportunity, and upward mobility. The piece also includes personal stories from residents whose lives have been transformed by access to stable, affordable homes, emphasizing housing’s role in creating thriving, inclusive communities.
Interested in learning more? Funder inquiries, please contact Julia Keinan (Investor Relations) at JKeinan@lisc.org.
LISC Fund Management at a Glance
LISC Fund Management, LLC (LFM) is a mission-driven impact investment firm that manages $836 million in assets through 12 national and place-based funds across the United States. LFM is dedicated to expanding access to safe, high-quality affordable housing, fostering economic growth, and supporting small businesses.
LFM is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and operates as a wholly owned subsidiary of LISC, one of the nation’s largest community development financial organizations. These private funds are available only to eligible investors and are offered solely through their official offering documents. To learn more about LISC Fund Management, please visit https://www.liscstrategicinvestments.org/fund-management
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The investment pools sponsored by LISC are available only to eligible investors, are offered only pursuant to their official offering documents, and are managed by LISC Fund Management, which is a wholly-owned subsidiary of LISC. LISC Fund Management is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Registration of an investment adviser with the SEC does not imply any level of skill or training. Please visit the SEC’s website at www.adviserinfo.sec.gov to see LISC Fund Management’s Form ADV, which contains important disclosures, including further disclosures about material conflicts of interest, risks, and limitations associated with LISC Fund Management.
For investor/partner/developer inquiries please contact:
www.liscfundmanagement.org/collaborate
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