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.
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. Hear from LIIF CEO about LIIF’s endorsement and learn from LIIF National ECE Director, about the importance of this legislation.
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.
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.
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.