LIIF mobilizes capital and partners to achieve equity, well-being, and opportunity for people and communities.
Congresswoman Katherine Clark (D-MA) recently reintroduced the Child Care is Infrastructure Act, a federal proposal to invest $10 billion in our nation’s child care infrastructure over the next five years. This proposal includes resources for community development financial institutions (CDFIs) and other intermediaries to provide technical assistance and capacity building to child care providers. LIIF strongly endorses the Child Care is Infrastructure Act. Hear directly from LIIF CEO Daniel A. Nissenbaum about LIIF’s support for the Child Care is Infrastructure Act. And learn from LIIF National ECE Director, Angie Garling, about the importance of this legislation in supporting a holistic economic recovery.
2020 was a year of extraordinary challenges and collective accomplishment. In this year’s report, we share strategies for an equitable recovery and models for expanding racial equity, affordable housing and quality child care in the long-term.
The insurrection at the Capitol yesterday was a sinister attack on democracy and counter to the principles for which LIIF stands. We strongly condemn the mob violence incited by anti-patriotic falsehoods aimed at discrediting a valid presidential election and the will of the people.
Since April, LIIF has marshalled $23 million to provide grants, technical assistance and Paycheck Protection Program (PPP) funds (with our partner, Community Reinvestment Fund) to nearly 400 family child care business owners. These funds will help an estimated 700 providers to reopen their businesses and recover from the damage of the pandemic.
A new partnership between housing groups aims to give nonprofit developers the resources they need to preserve affordable apartments. Read more about our joint venture with SAHF and NAHT in CityLab.
LIIF, Stewards of Affordable Housing for the Future (SAHF), and National Affordable Housing Trust (NAHT) are excited to announce a new joint venture intended to assist low-income families and communities of color, who are being disproportionately impacted by the current affordable housing crisis. Together we will work to raise $1 billion over the first five years of the partnership to build, protect and preserve approximately 10,000 affordable homes across the country.
LIIF, SAHF and NAHT announced a joint venture that aims to raise $1 billion within the first five years to build, protect, and preserve approximately 10,000 affordable homes across the country. Read our joint piece in Affordable Housing Finance.
This goal will guide our work over the next decade as we mobilize capital to build communities of opportunity, equity and well-being. Read more in the strategic plan.
Statement from the Low Income Investment Fund on the Federal Reserve’s Approach to CRA Modernization
LIIF is pleased to see the Federal Reserve soliciting public feedback on an evidence-based proposal that squarely positions community need and racial equity at the core of CRA modernization. Read more about LIIF CEO Daniel A. Nissenbaum’s thoughts on the Federal Reserve’s approach to CRA modernization.
This Fall, the Federal Reserve Bank of San Francisco and LIIF with support from Build Up California are hosting a series of webinars to advance understanding and action in the early care and education field. Join us for the first in this series “Investing in the Future of Child Care: Supporting Small Business Providers” on Oct. 1. Register here.