LISC meaning in Community ?

Answer:

What is Local Initiatives Support Corporation mean?

The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives in 35 cities and across 2,100 rural counties in 44 states. LISC was created in 1979 by executives from the Ford Foundation. LISC's affiliates include the National Equity Fund (NEF), the largest national syndicator of Low Income Housing Tax Credits (LIHTC), the New Markets Support Company, a national syndicator of New Markets Tax Credits, and immito, which specializes in SBA 7a lending.

LISC and its affiliates support community development projects through grants, loans and equity investments as well as technical and management assistance. In the 2018 fiscal year, it reported grants, loans and investments totaling US$1.5 billion, leveraging $4.4 billion in total development and supporting over 700 partners across America. Since 1979, LISC has invested $20 billion into communities, leveraging $60.4 billion to support the creation of 400,500 affordable homes and apartments and 66.8 million square feet of retail and community facilities.

reference

Full Form	Category
Language In the School Curriculum	Academic & Science
Library and Information Services Council	Academic & Science
Low Income Super Contribution	Business
Local Initiative Support Corporation	Community
Local Initiatives Support Corporation	Community
Linux Internet Support Cooperative	Computing
Long Island Shell Club	General
Leo Is So Cool	General
Long Island South Central	General
Long Island Subaru Club	General
London International Study Centre	International
Laboratory for Intelligent Systems and Controls	Medical
Little Illini Soccer Club	Sports
Long Island Shooting Center	Sports