Category: Affordable Housing

It was shovels in hand today for a collaborative of partners and community members who have made Palm Villas at Millennium Apartments Phase I a reality. LIIF and partner Lift to Rise provided developer Palm Communities a $750,000 predevelopment loan to support this Coachella Valley project in Palm Desert, California. This parcel will be transformed…

LIIF partnered with Community Vision to assist developer Burbank Housing in their effort to modernize West Avenue Apartments, a 38-year-old Sonoma County property in Santa Rosa, California that is home to households earning 30%-60% of area median income (AMI). Each organization provided half of a $9.75 million construction loan that offers bridge financing to the…

Today, Loan Officer, Southeast Region Natasha Dowell (photo, third left) joined community-development leaders at the fall meeting of the Urban Land Institute Atlanta’s Livable Communities Council. The agenda centered on Mayor Andre Dickens’ Place-Based Initiatives Strategy, with South Atlanta serving as a powerful case study for how community-driven revitalization can take shape. Natasha’s three key…

Through the We Lift: Coachella Valley Housing Catalyst Fund, LIIF and partner Lift to Rise each provided Affirmed Housing half of the capital for two loans supporting their planned affordable housing community in Palm Desert: Palm Desert Family Apartments will comprise 298 units for community members earning 30%-70% of the area median income (AMI). Affirmed…

LIIF has provided Capstone Equities $8.85 million in early-stage catalytic funding toward their acquisition of a vacant 43.5-acre site in Oceanside. The San Diego County development will include Olive Park Apartments and a publicly accessible pedestrian connection to the existing College Boulevard Sprinter Station across 25% of the total parcel land area; the remaining 75%…

LIIF has provided catalytic capital to support SERP, the City of Raleigh and Wake County in their first partnership to construct 25 affordable rental homes across nine city-owned parcels, situated in residential neighborhoods within walking distance of Raleigh’s Downtown Central Business District. The SERP Small-Scale Scattered Site Project will include a mix of single-family homes,…

At tonight’s annual Community League of the Heights (CLOTH) gala in New York City, Vice President, Northeast and Mid-Atlantic Regions Kirsten Shaw accepted a “Community Service Award” on behalf of LIIF. She spoke of the fact that we’ve invested over $1 billion to finance projects that have created or preserved 100,000+ affordable homes. While LIIF is…

Today was the ribbon-cutting for Palm Springs’ Aloe Palm Canyon Apartments, a brand-new, 71-unit development that is now home to those aged 55+, with 25 units for seniors formerly experiencing being unhoused. With one-bedroom apartments available to households in the 20%-80% area median income (AMI) range, Aloe Palm Canyon is a major step in tackling…

Today was the groundbreaking for Clairmont Family Apartments in the Metro Atlanta city of Chamblee, Georgia. LIIF staff at the event were Jonny Newburgh, Felicia Echols, Dona Black and Natasha Dowell (bottom photo, left to right), with Dona honored to speak on behalf of our organization (top photo) and participate in the actual groundbreaking ceremony…

For most families, child care and housing are the two biggest expenses in the budget – and in many communities it can be a struggle to find affordable options. That’s why LIIF prioritizes “co-location” projects that include both affordable housing units and affordable child care facilities under the same roof. Last week, LIIF Senior Vice President, National ECE Angie Garling and…