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Developer Spotlight: Andrew Esposito, APEX Development Group

Showcasing collective impact, LIIF and community development financial institution (CDFI) partners Reinvestment Fund and Enterprise Community Loan Fund joined forces last year to close a $32 million loan to support the expansion of Forte Preparatory Academy, a high-performing charter school in Queens, New York. The project, led by APEX Development Group and Knickpoint Ventures, will…

Developer Spotlight: Sharon Guest, Radiant Development Partners

Last year, LIIF closed a flexible predevelopment loan for Radiant Development Partners through the Growing Housing Developers (GHD) initiative, which is a $30 million initiative led by Wells Fargo and implemented by LIIF, Capital Impact Partners and Reinvestment Fund. The program provides capital, training and connections to support the long-term growth of housing developers working…

Developer Spotlight: Adenah Bayoh, Foya Development GroupĀ 

This May, LIIF closed a $1.5 million line of credit for Foya Development Group through our Black Developer Capital Initiative (BDCI), a $70 million initiative LIIF launched in 2021 in partnership with affiliate National Affordable Housing Trust (NAHT). The product provides flexible capital to support the growth of Black-led for-profit and nonprofit affordable housing developers.  …