Tiffany Durr Takes the Helm at LISC Fund Management
Tiffany Durr has recently been named president of LISC Fund Management (LFM), an affiliate of the Local Initiatives Support Corporation (LISC). LFM plays a significant role in managing social investment funds geared towards enhancing affordable housing, economic development, and creating job opportunities in under-resourced communities.
Leadership Transition and Achievements
Durr has been serving as the interim president of LFM since earlier this year. During this period, she successfully introduced a range of new investors and facilitated project closings that are vital for the organization’s mission. Her prior role as senior director of fund management saw her overseeing the deployment of assets nearing $450 million, which speaks volumes of her expertise in this field.
In her time at LFM, Durr has not only managed funds but also spearheaded the development of new product designs for investments aimed at positively impacting communities. Her collaborative efforts with LISC affiliates and stakeholders have positioned LFM as a leader in addressing community needs.
Vision for Investment and Community Impact
In her statement following the announcement, Durr emphasized the critical role that investors play in addressing systemic gaps in health, wealth, and opportunity. She remarked on the appeal of LFM's funds, which serve dual purposes by providing financial returns while simultaneously funding essential services such as affordable housing and education. “I’m so proud to lead this amazing team of impact professionals as we work to capture market opportunities that deliver strong benefits to communities,” she stated enthusiastically.
Past Experience and Expertise
Before joining LFM, Durr held the position of vice president and senior relationship manager at KeyBank Real Estate Capital. Her journey in the financial sector included managing a microfinance portfolio valued at $160 million with MicroVest Capital Management. This extensive experience has equipped her with valuable insights into investment strategies that benefit both financial returns and community well-being.
Support from Leadership
Michael T. Pugh, the president and CEO of LISC, remarked on Durr’s qualifications and dedication. He noted that her unique blend of investment knowledge and commercial real estate experience makes her an exceptional fit for the presidency. He expressed confidence that her approach would enhance the organization’s efforts in addressing the economic needs of underprivileged communities.
Commitment to Community Volunteerism
Beyond her professional endeavors, Durr is also dedicated to community service. She contributes her expertise as a board member of the University of Maryland Baltimore Washington Medical Center and has previously held board positions at the George Washington University Center for Real Estate and Urban Analysis. In her capacity as treasurer for Cheverly Village in Maryland, she has helped guide initiatives supporting elderly residents.
Educational Background
Durr earned her Bachelor of Arts degree in political science from the University of Maryland, Baltimore County, followed by a Master’s degree in Latin American and Hemispheric Studies from George Washington University.
Contact Information
For inquiries or to connect with Durr, you can reach her via email at strategicinvestments@lisc.org.
About LISC
LISC stands as one of the largest community development organizations in the United States, focusing on strengthening communities through diverse initiatives. With a history dating back to its founding in 1979, LISC has mobilized around $32 billion towards creating affordable homes, community spaces, and supporting economic opportunities for countless individuals across the nation.
LISC Fund Management's Mission
LISC Fund Management, LLC (LFM) is recognized as a mission-oriented investment firm managing approximately $840 million across various funds nationwide. Its commitment stretches towards increasing access to quality affordable housing, boosting economic growth inclusively, and uplifting small businesses within underserved communities. As a SEC registered investment adviser, LFM operates as a vital branch of LISC.
Frequently Asked Questions
Who is Tiffany Durr?
Tiffany Durr is the newly appointed president of LISC Fund Management, focusing on social investment funds aimed at community development.
What is LISC Fund Management?
LFM is an affiliate of LISC, managing investment funds that target affordable housing and economic initiatives within underserved communities.
What are Durr’s key achievements?
As interim president, Durr secured new investors and led multiple successful project closings, vital for the organization’s growth.
What is LISC's mission?
LISC aims to create vibrant communities by addressing systemic issues in health, wealth, and opportunity through economic development initiatives.
How can I contact Tiffany Durr?
You can reach Tiffany Durr through email at strategicinvestments@lisc.org.
