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Category: Affordable Housing

LIIF Black Developer Capital Initiative LOC Recipient Featured on OFN Blog

Via a Black Developer Capital Initiative (BDCI) line of credit from LIIF, Adenah Bayoh was able to scale her Newark, New Jersey housing business. Opportunity Finance Network posted Adenah’s inspiring story on their blog. Read the OFN blog. Gratitude has no bounds for LIIF’s invaluable support throughout this development process. With their unwavering commitment, Foya…

LIIF Supports New Port Antonio Affordable Housing Deal in Roxbury, Massachusetts

NHPF, a national provider of quality affordable housing, announced the successful acquisition of New Port Antonio, a historic Section 8 property located in the Warren Street neighborhood of Roxbury, Massachusetts. New Port Antonio Apartments comprises 227 urban residential apartment homes spread across 13 different locations and 17 building footprints within a half-mile radius. Constructed between 1899 and…

Propmodo Article Highlights the Success of Growing Diverse Housing Developers Initiative

Propmodo has published an article, “Communities Work to Create Lasting Affordability Through Local Development,” highlighting the success of the innovative Growing Diverse Housing Developers initiative. The program is a partnership of LIIF and two other CDFIs, Capital Impact Partners and Reinvestment Fund, and is powered by a $30 million investment by Wells Fargo. Read the…

Growing Diverse Housing Developers Annual Convening Held in Oakland, California

This year’s annual convening of Growing Diverse Housing Developers (GDHD) participants took place in Oakland, California. CDFIs LIIF, Capital Impact Partners and Reinvestment Fund partner on this innovative $30 million program that is funded Wells Fargo. The event included welcomes from industry leaders, insightful panels, and breakout sessions for strategizing and the sharing of best practices. Read…

LIIF Signs on to Comment Letter Requesting Indefinite Extension of Federal Financing Bank Funding for FHA Multifamily Risk-Sharing Mortgages

LIIF joined the National Association of Affordable Housing Lenders (NAAHL) and 14 other organizations to call on the Biden Administration to immediately extend the Federal Financing Bank (FFB) funding for FHA multifamily risk-sharing mortgages indefinitely under existing legislative authority. The FFB Risk-Sharing program provides affordable mortgage capital to Housing Finance Agencies (HFAs), which stand on the frontlines…

LIIF’s Stephanie McFadden Part of Urban Land Institute Magazine Roundtable on Affordable Housing

In this Urban Land Institute article, experts discuss the growing crisis of housing attainability for lower- and middle-income households across the United States, including ways the private and public sectors could help increase housing production, preserve existing affordable housing, and give more people access to housing; strategies for encouraging communities to accept more housing construction;…

Video Released Celebrating a Decade of Success of the Golden State Acquisition Fund (GSAF)

This Golden State Acquisition Fund (GSAF) video celebrates a decade of success via the synergy of a public-private partnership fostering innovation in California’s affordable housing sector. The numbers tell the story: With initial State funding of just $23 million, the revolving GSAF loan fund has spurred the creation of 10,000 affordable homes via 100 projects…