Tiffany Durr Takes Helm at LISC Fund Management Amid New Strategic Initiatives
People | Nov 21, 2024 | Local Initiatives Support Corp
Tiffany Durr has been appointed as the new president of LISC Fund Management (LFM), an affiliate of the Local Initiatives Support Corporation, tasked with leading social investment funds aimed at enhancing affordable housing, economic development, and job creation in underserved areas. Since taking the interim president role in May, Durr has spearheaded new investments and project completions. She previously held the position of senior director at LFM, managing $450 million in investments and innovating product design. Her past roles include key positions at KeyBank Real Estate Capital and MicroVest Capital Management. Durr emphasizes the dual goal of financial returns and community impact, overseeing 11 funds with a combined $840 million in assets. LFM, a SEC-registered firm, underlines its commitment to fostering inclusive growth and serves as a subsidiary of LISC, one of the U.S.’s largest community development organizations.
Sectors
- Community Development Finance
- Impact Investment
Geography
- United States – LFM operates 11 national and place-based funds across the country, targeting underserved communities to promote inclusive economic growth.
Industry
- Community Development Finance – LISC and its affiliate, LFM, are central to community development, investing in affordable housing and economic initiatives in underserved communities.
- Impact Investment – LFM manages social investment funds that target impactful changes in housing, education, and economic development, aligning investment with social returns.
Financials
- $450 million – Amount of investments previously managed by Tiffany Durr as Senior Director at LFM.
- $840 million – Total assets managed by LISC Fund Management across 11 funds.
- $32 billion – Total investment by LISC since its inception, in affordable homes and community spaces.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tiffany Durr | President | Person | Recently appointed president of LISC Fund Management with significant experience in investment and commercial real estate. |
| Local Initiatives Support Corporation (LISC) | Parent Company | Company | One of the largest community development organizations in the U.S., focusing on closing gaps in health, wealth, and opportunity. |
| LISC Fund Management (LFM) | Target Company | Company | An affiliate of LISC, managing impact investment funds totaling $840 million to support affordable housing and economic development. |
| Michael T. Pugh | President and CEO | Person | President and CEO of Local Initiatives Support Corporation, supports Tiffany Durr's leadership at LFM. |