Category: Affordable Housing

LIIF contributed to the development of a recently released National Association for Family Child Care (NAFCC) report that puts forth five policy principles to improve housing for home-based family child care (FCC) educators. FCC settings are inherently located in residential areas that make it easier to build relationships among families, caregivers and neighbors, thereby building…

LIIF Senior Vice President, National ECE Angie Garling (photo, fourth from left) today joined California District 14 Asm. Buffy Wicks (third from left), the California Coalition for Community Investment and LISC in Berkeley. The aim was to spotlight how community development financial institutions (CDFIs) invest in historically excluded communities, plus showcase the successes of the…

A LIIF investment was recently highlighted as part of an innovative new paradigm called Parity Zones. This concept emerged from McKinsey’s Institute for Black Economic Mobility report, “The State of Black Residents: The Relevance of Place to Racial Equity and Outcomes.” Pointing to the growing gap in economic opportunities across racial and ethnic groups, McKinsey calls…

LIIF Southeast Region team members Vice President LaToya Kyle and Loan Associate Paige Banks today attended the groundbreaking celebration for The Proctor at the Westside Beltline Connector in Atlanta. LIIF provided a $4.5 million acquisition loan and a $400,000 predevelopment loan to the project. Developed by Windsor Stevens, led by Rod Mullice, the $55.6 million…

The Charlotte Post covered the “The Future Scape: An Equity in Real Estate Development Symposium” at Queens University of Charlotte. The importance of investing in developers of colors was discussed. Read The Charlotte Post article. Read the Florida Realtor article.  LIIF had the explicit goal of investing in more people of color. LIIF Vice President,…

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…

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 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…

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 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…