LISC/Detroit Affordable Housing Leverage Fund (AHLF)

Jun 30, 2021
  • Description

In this short case study, learn about the Kresge Social Investment Practice's investment of up to $10 million in a guarantee committee to the Detroit Affordable Housing Leverage Fund via LISC in 2020. This investment aimed to help Detroit close the financial gap in affordable housing development projects while encouraging the preservation of both naturally occurring and federally regulated affordable housing. AHLF is expected to deploy $250 million into the preservation of 10,000 units of existing affordable housing and the development of 2,000 new units of affordable housing.