LIIF, Lift to Rise, RCAC, Wells Fargo and County of Riverside Housing, Homelessness Prevention and Workforce Solutions have partnered to support and invest in a community-driven housing financing model in the Coachella Valley.
LIIF & NAHT announce $70MM Black Developer Capital Initiative to support growth of Black-led affordable housing developer businesses.
Reymundo Ocañas will be the new chair of LIIF’s Board of Directors. Calvin Gladney, Myra Jones-Taylor and Margaret Solle Salazar are also joining as new board members.
Today, we are sharing more about LIIF’s anti-racism journey and our goals for our organization and our work. As we progress, we’ll continue to share our insights, new developments and challenges. We hope our sharing contributes to a broader dialogue about building a more equitable future.
LIIF’s continued financial strength, even amid the economic uncertainty brought on by COVID-19, was recently recognized by S&P, which upgraded the organization from an “A-” to an “A” rating. In addition, Aeris, the leading independent rating service for both financial and impact investments, reaffirmed LIIF’s “AAA” financial rating. Read more.
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.