The Low Income Investment Fund (LIIF) is a nonprofit community development financial institution (CDFI) that mobilizes capital and partners to achieve opportunity, equity and well-being for people and communities.
LIIF innovates financial solutions that center racial equity to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities. In this way, LIIF provides a bridge between private capital markets and communities.
LIIF’s investments save low income families money on household expenses by increasing the availability of affordable housing and child care. By supporting high-quality educational opportunities from early childhood through high school, LIIF also improves the life outcomes of low income youth, leading to higher lifetime earning potential and lower costs to society on adult social services. In this way, LIIF has created billions of dollars in benefits to low income households and to society.
LIIF has set a ten-year goal to drive $5 billion in investments to advance racial equity.
We believe that every person and family, no matter their race or ZIP code, deserves to live in a community of opportunity, equity and well-being. We are focused on combating inequitable systems through our four-year strategic plan and are committed to long-term systems change in the decades to follow.
To accomplish this, LIIF is intentionally centering racial equity in its work, both internally and externally, in order to break down barriers that disproportionately impact communities of color, especially Black communities. LIIF’s investments will ensure more people and families can access important foundational assets such as affordable housing, high-quality educational opportunities, the ability to live healthy and active lives and good jobs.
Learn more about LIIF’s ten-year goal in Mobilizing Capital to Build Communities of Opportunity, Equity and Well-Being, our four-year strategic plan.
A community development financial institution (CDFI) is a private sector, financial intermediary with community development as its primary mission. CDFIs can be nonprofit or for-profit organizations. A CDFI provides capital for low income communities and individuals who cannot access the services offered by traditional financial institutions such as banks and credit unions. LIIF was one of the first CDFIs certified by the US Department of the Treasury’s CDFI Fund.
LIIF was founded with a focus on affordable housing because the lack of affordable housing is a powerful contributor to families’ inability to escape from poverty. Since then, LIIF has broadened its vision to include support for other aspects of community development that help people lift themselves out of poverty. LIIF now invests in Affordable Housing, Child Care, Education, Green Financing, Healthy Food and Transit-Oriented Development as its six core program areas. Together, these programs form a comprehensive approach to community development based on a vision for healthy communities – green, economically vibrant places, where people live, learn and grow to their full potential.
To learn more about our work in all of these areas, read about Our Programs.
LIIF offers a wide range of products, including community capital loans, New Markets Tax Credits, grants and technical assistance. LIIF’s mission-driven approach and market and industry knowledge have distinguished it as a CDFI that creates flexible, affordable financing solutions that work for community organizations and investors.
In late 2020, LIIF entered into a joint venture with Stewards of Affordable Housing for the Future (SAHF) and National Affordable Housing Trust (NAHT). Through this partnership, LIIF will not only be equipped to provide equity for projects and developers, but also development consulting services and expertise that will allow existing clients to expand their capacity. This partnership received the generous support of the SeaChange-Lodestar Fund for Nonprofit Collaboration. For investors of both LIIF and NAHT, the array of impact lending and equity options will allow them to grow their impact—delivering a measurable social impact in addition to a financial impact. More information for developers and investors is available on the NAHT website.