News Story

Facebook + LISC: A Historic New Partnership

It’s official! National Equity Fund parent company, LISC, has been tapped to manage an $18.5 million investment from Facebook that will help community groups and the city of East Palo Alto, California, create quality affordable housing in Silicon Valley where Facebook is headquartered. LISC plans to quadruple the Catalyst Fund, as it is known, to $75 million to address regional challenges such as affordable housing and access to economic opportunity for local residents. Read more.