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WHAT'S NEW

LIIF OPENS PUBLIC POLICY OFFICE IN WASHINGTON, D.C.
On July 8, 2008, LIIF opened a new Federal Policy office in Washington, D.C. and hired Corey Carlisle, LIIF’s new Director of Federal Policy, to lead its national policy initiatives. LIIF’s President and CEO Nancy O. Andrews noted, “Our policy efforts open the door to thousands of new opportunities—whether it be a new affordable home, quality child care or a brighter educational future—for low income people and communities. Opening an office in Washington, D.C. and having Mr. Carlisle lead our policy activities will improve our ability to be more responsive and aggressive about what we care most about—helping the very poor.” Read More

LIIF RECEIVES THE HIGHEST CARS™ RATING
  • AAA for Impact Performance: LIIF has a clear alignment of mission, strategies, activities, and date that guides its programs and planning.
  • 1 for Financial Strength and Performance: LIIF exhibits exceptional financial strength, performance and risk management practices.
  • + for Policy Performance: LIIF leads initiatives to change government policy to benefit the CDFI industry and disadvantaged people.

The Opportunity Finance Network (OFN) awarded LIIF the highest possible CARS™ ratings—"AAA" and "1"—for its clear vision, strong financial and organizational strength and its significant impact serving the very poor for more than 23 years. Additionally, LIIF received a Policy Plus for leadership in policy changes impacting disadvantaged people and communities.

The OFN CDFI Assessment and Rating System (CARS™) is a comprehensive, third-party analysis that measures a CDFI's impact performance and financial strength and performance to make sure it's effective at meeting its mission and organizational goals. "We are pleased that CARS™ has recognized our financial strength, our mission-driven community impact and our commitment to leading policy initiatives. CARS™ recognizes our 23 years of work to remove the barrier that has stood between low income individuals and the goals they have set for themselves -- goals we can all share -- for family, security, stability, and opportunity," says Nancy O. Andrews, LIIF's President and CEO.

OFN has rated 37 CDFIs since 2005 and only a very select few have received an AAA1+. As a leading CDFI, LIIF has consistently demonstrated sound financial growth and impact performance since its inception. OFN completes a new and comprehensive CARS™ review and analysis every three years. In its first CARS™ rating, LIIF received a "1" for its financial strength and "AA" for its impact performance. Arthur Fatum, LIIF's CFO, states, "LIIF is proud of its history of fiscally responsible operations in support of its mission and we are very supportive of the CARS™ process. The combination of high quality financial analysis and thoughtful discussion of impact performance provide investors comfort that LIIF will not only meet its obligations to them but also create lasting impact in the lives of low-income people."

View the two-page 2008 CARS™ Rating Analysis for additional details.