LIIF’s goal over 40+ years has been to increase the flow of private capital into underserved communities — and to continue to attract new sources of capital with which to do so. Take the case of Aloe Palm Canyon Apartments in Palm Springs, California. LIIF is providing a $10 million construction loan in partnership with Lift to Rise.
Scheduled for completion in early August, this affordable housing development will feature 71 one-bedroom units for seniors earning between 20% and 80% of the Area Median Income (AMI), with 25 of those units reserved for unhoused seniors.
Vice President, Western Region Pam Berkowitz (top photo, right) and Deputy Director, Coachella Valley Kenny Rodgers (top photo, left) recently enjoyed a site visit of the property. Joining LIIF were Cara Kim, LIIF’s construction monitor from Hillman, and Site Superintendent Chris Carreon of United Building Company, which is the project’s contractor.
Stay tuned for the ribbon-cutting, which is tentatively planned for November.
LIIF is providing a $10 million construction loan in partnership with Lift to Rise.