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Author: briteweb

LIIF and Purpose Built Communities Launch $45 Million Accelerator Fund

The Low Income Investment Fund (LIIF) has launched the $45 million Accelerator Fund to support Purpose Built’s comprehensive community-driven neighborhood development aimed at supporting racial equity, economic mobility, and improved health outcomes. There are currently more than 25 Purpose Built sites across the country led by community leaders working to end the cycle of generational…

LIIF Supports Diverse School in Memphis in Securing a Permanent Home

LIIF provided a $4.7 million construction and mini-permanent loan to Believe Memphis Academy to serve more students and help the school secure a permanent location. Believe Memphis Academy is a high performing school in Tennessee that has a strong commitment to racial equity, diverse staff and a student body made up of nearly 100% students…

Low Income Investment Fund Announces New Board Chair and Three Directors

CONTACT  Christopher Gil  Director of Strategic Communications and Influence   (415) 287-3197, cgil@liifund.org   FOR IMMEDIATE RELEASE   Low Income Investment Fund Announces New Board Chair and Three DirectorsVisit celebrates one prime example of the impact of California’s $350.5 million Infrastructure Grant Program MENLO PARK, CALIF. (Oct. 26, 2023) — The Low Income Investment Fund (LIIF) is pleased to announce…

LIIF Exceeds Goal in Bringing 1,000 Child Care Slots to Washington, D.C.

LIIF is proud to announce that the Access to Quality Child Care (A2Q) grant program exceeded its goal of bringing 1,000 new early care and education (ECE) slots to Washington, DC’s families. The program was launched in 2018 as joint initiative with the Office of the State Superintendent of Education (OSSE) and LIIF to address…

Transit-Focused School Paves Career Pathways for Los Angeles Youth

The Low Income Investment Fund (LIIF) recently provided a $10 million loan into a New Markets Tax Credit (NMTC) transaction to support the SEED School of Los Angeles County (SEED LA), a startup boarding high school that will serve 400 high school students from South LA and around LA County with an immersive, 24-hour learning environment when it opens in Fall 2022. Admission preference…

Impact-Led Lending for Food Security in NYC

When it comes to advancing communities of opportunity, equity and well-being, lending is LIIF’s primary engine of impact. We continue to hone our “impact-led lending” approach through investments that are informed by—and explicitly designed to close opportunity gaps in—communities of color, balancing risk to ensure both impact and financial sustainability. One example of this approach…

LIIF Upgraded by S&P

National CDFI Also Receives Highest Rating from Aeris LIIF’s continued financial strength, even amid the economic uncertainty brought on by the COVID-19 pandemic, 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…

Connecting Working Families to Jobs Near High Speed Rail in Dallas

LIIF recently provided $4.2 million to Petra Development for a mixed-use project which will include 235 housing units and retail in Dallas. The project will serve families earning 60 to 80% area median income & offer greater job access via its proximity to the Texas Central high-speed rail, connecting Houston to the Dallas/Fort Worth-area. Dallas,…