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• 15 Fort Washington Avenue Housing Development Fund Corporation • 241 West 111th Street Housing Development Fund Corporation • 455 West 35th Street Housing Development Fund Corporation • Atlantic Terrace 12, LLC • Avondale Apartments Housing Development Fund Corporation • Bowery Residents' Committee, Inc. • Care For The Homeless Housing Development Fund Corporation • Civic Builders, Inc. • Common Ground • Community Housing Innovations, Inc. • Community League of the Heights • E.L. Haynes • Fifth Avenue Committee, Inc. Local Development Corporation • Garden Court Housing Development Fund Corporation • Housing Works, Inc. • Keshet Learning Center • Lake View A.P., LLC • Mutual Housing Association of New York, Inc. • Neighborhood Coalition For Shelter, Inc. • New Jersey ACORN Housing Corporation, Inc. • New York Congregational Community Services • North Hudson Community Action Corporation • Palladia, Inc. • Pratt Area Community Council • Queens East Committee For Early Childhood Development • RDR Properties, Inc. • The Doe Fund, Inc. • Westhab, Inc. • Women's Housing & Economic Development Corporation, Inc. |
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WELCOME TO LIIF EAST COAST!
VISION
LIIF's New York office is dedicated to creating pathways of opportunity for low income families in New York City to attain economic self-sufficiency.
WHAT WE DO
LIIF's New York office provides loans, grants and technical assistance for child care, education, affordable housing and other vital community revitalization efforts in New York and other surrounding high-need neighborhoods. Below we highlight the percentage of our activity in each area:
- 6% in Maryland
- 85% in New York
- 9% in New Jersey, Washington, DC, and other East Coast locations
Lending products include (percentages of activity per loan):
- 2% Pre-development Loans
- 6% Acquisition Loans
- 24% Construction
- 68% Permanent Loans
For more information on our lending products and services, please go to Products and Services.
New York's Key Programs are:
- New York Child Care Seed Fund
- New York Metro Brownfields Initiative: NYC and Long Island
- Originator for the New York Acquisition Fund
- Partner in HPD's Participation Loan Program and Neighborhood Homes Program
- Charter School Lending
- New Markets Tax Credit Transactions
IMPACT
In FY09 (July 1, 2008 – June 30, 2009) LIIF’s New York office provided 17 loans for affordable housing, quality child care and schools totaling approximately $37.3 million. This activity has benefited more than 5,000 low income individuals in New York and supported:
- 180 units of affordable and supportive housing;
- 2,000 community facilities clients; and
- 900 classroom desks.
FEATURED LOAN DEALS
Affordable Housing in Harlem
LIIF's
New York Office provided a $535,000
permanent loan
to the New York
Housing Development Fund Corporation.
The loan will help the 513-517
West 135
Street co-op in West Harlem to restructure their debt and achieve
financial stability. The HDFC
co-op consists of three fully occupied buildings with sixty-one
units. This co-op provides affordable homeownership and rental
opportunities for low income tenants, which is particularly important
in this Harlem community as gentrification pressures in surrounding
neighborhoods threaten to reduce the amount of affordable rental and
homeownership housing available to long time residents. The savings
achieved for the families over 25 years will be approximately $12.8
million.