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ANNOUNCEMENTS
RECENT ANNOUNCEMENTS
Appointment of new Chief Operating Officer
LIIF appoints Kimberly Latimer-Nelligan as its new Chief Operating Officer (COO) to lead its lending and risk management operations, and oversee the development of new strategic initiatives and new programs. Read More
Bay Area CFO of the Year Award
Art Fatum, Chief Financial Officer and Executive Vice President of Capital Markets with the LIIF, receives “Bay Area CFO of the Year Award”. Read More
Reforming the Regulation of the Government Sponsored Enterprises (GSE)
On March 6, 2008, Nancy O. Andrews, LIIF's President and CEO, was honored to testify on the need for an Affordable Housing Fund within GSE reform legislation to the United States Senate Committee on Banking, Housing and Urban Affairs. Please click on the link above to read her full testimony. Read More
$25 Million LIIF and Fannie Mae Agreement
LIIF and Fannie Mae announced a $25 million loan purchasing and servicing agreement that enables LIIF to begin selling housing-related loans it originates to Fannie Mae. For more information on this groundbreaking agreement, click on the link above. Read More
Also, LIIF received:
- a $860,000 U.S. Department of Treasury CDFI Fund award - one of the highest amounts awarded nationwide - to support LIIF's national activities. Read More
- a $5 million Department of Education credit enhancement grant to support LIIF's national education program. Read More
- a $44 million allocation of New Markets Tax Credits providing much needed capital to fund LIIF's child care, education, and homeownership lending. Read More
- a $3 million Program Related Investment (PRI) from California Community Foundation to support LIIF's Affordable Buildings for Children's Development (ABCD) Initiative
- a $9.5 million contract from the City of San Francisco for LIIF's child care work in San Francisco
- a $200,000 contract from New York City's Council for LIIF's New York Child Care Seed Fund. Read More