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Potential Changes to CRA Present Opportunities, Challenges for Community Development

The Community Reinvestment Act (CRA) is a critical source of financing for Community Development Financial Institutions (CDFIs). The federal banking regulators are currently considering changes to CRA regulations, which will have widespread impacts on the entire community development ecosystem. LIIF urges community development stakeholders to stay engaged in the CRA modernization conversation and look to…

Nancy Andrews Honored with the Ned Gramlich Award

Nancy O. Andrews, Former President & CEO of the Low Income Investment Fund and a leader in the opportunity finance industry, was honored this week by the Opportunity Finance Network (OFN) with the Ned Gramlich Lifetime Achievement Award for Responsible Finance. The annual Award is inspired by Former Federal Reserve Governor Ned Gramlich and is…

The 50th Anniversary of the Fair Housing Act: Ensuring Housing For All

Fifty years ago today, President Lyndon Johnson signed the Civil Rights Act of 1968. Among the provisions in this landmark civil rights legislation was Title VIII, which prevents discriminatory housing practices. As we mark the 50th Anniversary of the Fair Housing Act, we recognize both the progress we’ve made in assuring fair housing for all…

2018 Appropriations are Highest Ever in CDFI Fund History

The recently passed Fiscal Year 2018 spending bill increased funding for most federally funded programs, including programs critical to the CDFI community. While the increase in funding is welcome news, potential changes at the Department of Housing and Urban Development (HUD) are cause for concern within the community development sector. Under Secretary Carson’s leadership, HUD…

LIIF Supports TCAC’s Efforts to Expand the Low-Income Housing Tax Credit in California

As a leading community development financial institution (CDFI), the Low Income Investment Fund (LIIF) is dedicated to creating pathways of opportunity for low-income people and communities. Serving the most vulnerable populations, LIIF works to create a comprehensive approach to combating poverty alleviation and furthering healthy community development. The Low-Income Housing Tax Credit (LIHTC) program has…

Congress: Continue to Invest in America’s Struggling Cities and Towns

This op-ed originally appeared in The Hill. As leaders of four of the nation’s largest nonprofit community development financial institutions (CDFIs) with the mission of investing in low-income communities and entrepreneurs, we ask Congress to protect the desperately needed flow of investment capital to America’s struggling cities and towns. In short, we ask Congress to…