Skip to content

Author: cgil

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…

LIIF CEO Daniel A. Nissenbaum on Plenary at Housing Partnership Network’s “2025 Strength Matters Financial Management Conference”

We stand at an inflection point for community development finance that will determine whether CDFIs emerge stronger from current challenges or find themselves marginalized in an increasingly competitive landscape. That’s why 200+ nonprofit industry leaders, mission-focused industry partners, and investors and financing professionals headed to Charlotte, North Carolina this week for the Housing Partnership Network’s…

LIIF Applauds Introduction of Child Care Modernization Act

A wide range of organizations and groups have endorsed Sen. Deb Fischer’s (R-Neb.) Child Care Modernization Act. Fischer today introduced the bipartisan bill alongside Sens. Kirsten Gillibrand (D-N.Y.), Susan Collins (R-Maine) and John Hickenlooper (D-Colo.). The Child Care Modernization Act will reauthorize, for the first time in over a decade, the Child Care and Development Block Grant (CCDBG) to help provide quality, affordable child…

LIIF’s Investment Recognized at Groundbreaking for Brooklyn’s Coney Landing

Today was the groundbreaking for Brooklyn’s Coney Landing, which will offer 178 much-needed affordable apartments, including 106 supportive units (see rendering below). From the press release:“As a longtime investor in the production and preservation of affordable housing in New York City, LIIF was proud to provide catalytic capital to make Coney Landing a reality by…