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LIIF Provides Catalytic Capital to SERP in Raleigh, North Carolina

LIIF has provided catalytic capital to support SERP, the City of Raleigh and Wake County in their first partnership to construct 25 affordable rental homes across nine city-owned parcels, situated in residential neighborhoods within walking distance of Raleigh’s Downtown Central Business District. The SERP Small-Scale Scattered Site Project will include a mix of single-family homes,…

LIIF Honored with Award at Community League of the Heights Gala

At tonight’s annual Community League of the Heights (CLOTH) gala in New York City, Vice President, Northeast and Mid-Atlantic Regions Kirsten Shaw accepted a “Community Service Award” on behalf of LIIF. She spoke of the fact that we’ve invested over $1 billion to finance projects that have created or preserved 100,000+ affordable homes. While LIIF is…

LIIF and Community Leaders Tour Co-Located Tamien Station in San Jose, California

For most families, child care and housing are the two biggest expenses in the budget – and in many communities it can be a struggle to find affordable options. That’s why LIIF prioritizes “co-location” projects that include both affordable housing units and affordable child care facilities under the same roof. Last week, LIIF Senior Vice President, National ECE Angie Garling and…

LIIF Provides Early-Stage Financing for Pinnacle Pass in Santa Cruz County, California

LIIF has provided a $4.67 million acquisition loan and a $750,000 predevelopment loan to CRP Affordable Housing and Community Development (CRP) for their Pinnacle Pass project in Scotts Valley, Santa Cruz County, California. The LIIF acquisition loan utilizes $500,000 of Capital Magnet Funds (CMF) as credit enhancement, allowing the loan-to-value (LTV) to be 100%. A traditional bank…

LIIF Catalytic Capital Leads to Opening of Umeya Apartments in Downtown L.A.

LIIF congratulates Little Tokyo Service Center on today’s grand opening of the Umeya Apartments in Downtown Los Angeles. This newly constructed building will be home to 175 families and individuals, including 88 who were formerly experiencing homelessness. LIIF supported this development with an $8.5 million Golden State Acquisition Fund (GSAF) loan complemented by a $1.5 million…