LIIF mobilizes capital and partners to achieve equity, well-being, and opportunity for people and communities.
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.
Grove Park Foundation Receives First Investment from Nationwide Partnership to Revitalize Communities
With philanthropic support from JPMorgan Chase and financing from LIIF’s EQT product, the Grove Park Foundation’s affordable housing program is kicking off its next phase to create long-term, single family affordable rental and homeownership opportunities in the Grove Park neighborhood of Atlanta.
LIIF is honored to announce a transformative donation from MacKenzie Scott in recognition of our high-impact, outcomes-driven community development work. LIIF is proud to be among the stellar organizations selected by Ms. Scott that are driving change by tackling our nation’s largest and most complex challenges.