What’s “The LIIF Way?” We fill gaps in traditional financial markets, leveraging federal lending tools to strengthen historically undercapitalized communities.
Take the case of Girard House, a three-story, 36-unit apartment building originally constructed in 1947 and located in the gentrifying Columbia Heights neighborhood of Washington, D.C. Mi Casa Inc., a nonprofit affordable housing developer, has received a $3.8 million acquisition loan from LIIF, supported by two forms of credit enhancement: $965,000 from the DC Preservation Fund and $620,000 from Capital Magnet Fund. Mi Casa Inc.’s goal is to preserve Girard House as affordable housing.
A $3.8 million acquisition loan from LIIF, supported by two forms of credit enhancement: $965,000 from the DC Preservation Fund and $620,000 from Capital Magnet Fund.