Local Initiatives Support Corp. Drives $35M Impact Investment

Deal News | Aug 06, 2025 | Local Initiatives Support Corp

Local Initiatives Support Corp. Drives $35M Impact Investment

Local Initiatives Support Corp. (LISC), through its affiliate Broadstreet Impact Services, has fully deployed the $35 million Thriving Communities Fund. This fund is an impact investment project capitalized by TD Community Development Corporation. The primary goal of the fund is to support business investment, enhance community facilities, and ensure quality and accessible job creation. By leveraging New Markets Tax Credits (NMTCs), LISC aims to stimulate economic development in underserved communities, providing vital resources to bolster local businesses and job markets, and address the needs of community services.

Sectors

  • Impact Investment
  • Community Development

Geography

  • United States – The investments are likely within the United States, given LISC's focus on community development in local U.S. communities.

Industry

  • Impact Investment – The article discusses an impact investment fund that aims to have a positive social effect by investing in community facilities and job creation.
  • Community Development – The fund is targeted at enhancing community facilities and local business opportunities, indicating a focus on community development.

Financials

  • $35 million – Total capital deployed by the Thriving Communities Fund to support local businesses and community services.

Participants

NameRoleTypeDescription
Local Initiatives Support Corp.InvestorCompanyA non-profit financial institution focused on supporting community development through impactful investments.
Broadstreet Impact ServicesAffiliateCompanyAn affiliate of LISC responsible for deploying the funds from the Thriving Communities Fund.
TD Community Development CorporationCapital ProviderCompanyA financial corporation that capitalized the Thriving Communities Fund.