Skip to content

Author: seankeady

Ribbon-Cutting Celebrates Amana Academy’s New Permanent Home

Last week, LIIF Deputy Director Jonny Newburgh of the National Community Facilities Lending team was in Smyrna, Georgia to celebrate the ribbon-cutting of Amana Academy’s West Campus, a charter school project financed in part by LIIF that’s been years in the making. The opening of Amana West’s permanent home near Truist Park was attended by…

California ECE Provider Acquires Permanent Home With LIIF Loan 

On Friday, LIIF closed a $1,050,000 Brighter Futures Fund (BFF) loan to CommUnify, a nonprofit child care operator in Santa Barbara County, California. CommUnify used the loan to acquire a child care facility from a church in Santa Maria, which it will renovate into a new center serving up to 70 children ages 0-5. Perhaps most significantly, CommUnify will own the ground its program stands on for the first time in its nearly…

LIIF Joins First Five Alameda in Volunteering at Community Food Bank

Several members of LIIF’s ECE team had the chance for a wonderful volunteer opportunity with members of LIIF partner First Five Alameda County this month. Phranda Wolfe, Senior ECE Program Officer, and Angie Garling, Senior Vice President, National ECE, helped organize an afternoon at the Alameda County Community Food Bank in support of families across…

LIIF Closes Loans for Charter Schools in Georgia, New York and Ohio 

Three schools. Three communities. One shared belief that every student deserves a great place to learn.  LIIF is proud to announce the closing of three charter school loans, totaling nearly $19.4 million in financing, that will expand access to quality education for thousands of students across Georgia, New York, and Ohio.  The Meliora School | Gwinnett County, GA |…

Driving Affordability in Riverside, CA with Beaumont Apartments

Exciting news out of Riverside County, California: affordable housing is moving forward in a community that has been chronically under-supplied for years.  We’re pleased to share that LIIF closed recently on a $1.5 million unsecured predevelopment loan for Beaumont Apartments, a 66-unit affordable housing development at 6th Street and Xenia Avenue in Beaumont, Riverside County, California. The project sponsor is…

LIIF Joins Partners in Sacramento on Stand for Children Advocacy Day

The Low Income Investment Fund’s ECE State Policy team was pleased recently to advocate alongside Parent Voices and Build Up San Mateo County as part of Stand for Children Day in Sacramento, CA on May 12. Together, LIIF and partners elevated the voices of providers and centered the needs of families across California in their…

Breaking Ground for Supportive & Affordable Housing in Queens

Last Tuesday, LIIF closed a $15.9 million acquisition loan with Breaking Ground to finance their purchase of three parcels in Long Island City, Queens, which will ultimately feature hundreds of affordable housing units in one of the nation’s most prohibitively costly cities. On this site, Breaking Ground will develop a 248-unit supportive and affordable housing…

Preserving Affordability at Phipps Houses in the Bronx

On Thursday, LIIF was proud to announce the closing of an $18.5 million construction loan with Phipps Houses to support the rehabilitation of two buildings in the Honeywell Development in the Bronx. Originally developed with Low Income Housing Tax Credit (LIHTC) financing in the 2000s, these properties have now exited their compliance period and require…

Statement of Support from Low Income Investment Fund on House Amendment to the 21st Century ROAD to Housing Act 

Statement of Support from Low Income Investment Fund on House Amendment to the 21st Century ROAD to Housing Act   The Low Income Investment Fund (LIIF) proudly supports the 21st Century ROAD to Housing Act, a critical step forward in addressing our nation’s growing housing crisis. As a national community development financial institution (CDFI) dedicated to creating opportunity and ensuring both new production and…