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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.