Local Initiatives Support

Founded in 1979, Local Initiatives Support is a US non-profit community development financial institution (CDFI) dedicated to fostering community development across 35 cities and 2,100 rural counties in 44 states. The organization operates with a mission to drive community change through strategic investment and development support. Its core offerings encompass a range of financial products and services, including loans, grants, and equity investments, aimed at building local capacity and empowering underserved communities. The company's extensive product suite includes community development, financial institution services, development finance, neighborhood support, community investment, housing development, and land use initiatives, all designed to facilitate significant community change.

Local Initiatives Support maintains a significant operational footprint, with 31 locations and an employee range of 500-1,000 employees. This scale allows for broad reach in supporting its mission-driven initiatives. The organization's work is crucial in areas requiring local capacity building, financial empowerment, and sustainable development efforts. Its product portfolio is diverse, supporting everything from housing projects to broader community economic development, acting as a vital vehicle for investment and change. The company's commitment extends to providing essential financial tools and strategic guidance to foster growth and stability.

Financially, Local Initiatives Support reported revenue of $192.7M. The company has secured substantial funding, including a $149 million financing round from State Farm and various grants, underscoring its financial viability and the confidence placed in its mission. Competitors in this sector include NeighborWorks America and RCAC, highlighting the competitive landscape of community development finance. For deeper insights into the organization's operational structure andView more...