Capital for Affordable Housing
LIIF offers flexible financing for the development, acquisition, rehabilitation and green retrofit of affordable homeownership and multifamily rental units, including housing for special needs populations. LIIF also supports affordable housing as part of transit-oriented developments and housing that incorporates services for families, such as co-located child care centers. Read below for information about our community capital products for affordable housing.
For more information about all of our efforts to support affordable housing, read about our Affordable Housing Program.
Community Capital Products
Through its Revolving Loan Fund (RLF), LIIF provides predevelopment, acquisition, construction and term financing to nonprofit and for-profit affordable housing developers. RLF funds may cover the closing costs and capitalized interest reserve, if necessary.
- Loan Terms
Predevelopment: Up to 2 years
Acquisition: Up to 3 years
Construction: Up to 2 years
Mini-Perm: Up to 10 years
Judi Kende, Managing Director, Eastern Region, email@example.com
Brian Prater, Managing Director, Western Region, firstname.lastname@example.org
The $93 million Golden State Acquisition Fund provides acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing in California. The fund was established with an initial investment from the California Department of Housing. LIIF, serving as the Administrative Agent for the fund, is working with a consortium of seven CDFIs to provide reliable, flexible funding to help meet the housing needs of low income communities statewide.
Cecile Chalifour, Deputy Director
Sarah Garrett, Loan Officer
More information about the BAM Fund
More information about LACHIF
More information about the New Generation Fund LLC
More information about the New York City Acquisition Fund
More about NYCERS Multifamily Housing Loans