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Local Initiatives Support Corporation

North America Innovative Lawyers 2017: Accessing New Markets and Capital - In-house legal teams

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Total innovation score24
CommentThe not-for-profit body developed the structure for a new asset class for US Community Development Financial Institutions (CDFIs), successfully completing a $100m bond offering. The new method provides access to long-term financing for development projects in distressed communities with less onerous compliance obligations than some other forms of government-backed funding.