Category: Affordable Housing

A united mission has created United Yards. How do you revitalize a local economy, plus create a healthy community and drive small-business development? Take the case of United Yards in the historically undercapitalized Back of the Yards neighborhood of Southside Chicago. In December 2023, LIIF invested $5.35 million to two developers, Blackwood Development Group and…

We lent a hand in the ongoing development of Oakland’s Brooklyn Arms Apartments in the historically undercapitalized Clinton neighborhood. LIIF provided a $1 million pre-construction unsecured revolving line of credit to Strive Real Estate, which is under the stewardship of Bay Area native Detra Harris, who displays three decades of expertise in property management and…

On April 28, LIIF, partner Volunteers of America Texas (VOATX), and representatives from the Harris County Department of Economic Equity and Opportunity and commissioner precinct offices conducted a site visit of Houston’s Texas Jump-N-Learn, which has a primary focus of addressing the growing demand for specialized care serving children from ages 4-12 years. With a $150,000…

LIIF has closed a $1 million predevelopment loan with Ten North Group to support their rehab of the Mary Alice Brown Apartments, a multifamily development comprising 216 units affordable to households earning between 30% and 60% Area Median Income (AMI). This apartment complex, located west of Miami in historically undercapitalized Opa-locka, is named after a community…

LIIF has closed two predevelopment loans totaling $2 million with Genesis Companies to support their rehab of Rangel Houses in the historically undercapitalized Washington Heights neighborhood of Manhattan. The campus-style development, home to over 2,000 residents, was originally developed in 1951 and consists of eight buildings comprising 984 units. Genesis Companies, along with their partner…

Community win in Atlanta’s Sweet Auburn neighborhood. Today, LIIF Vice President, Southeast Region LaToya Kyle (photo top, at far right) took part in the ribbon-cutting for The Front Porch on Auburn, a mixed-income infill venture that replaced vacant land and parking lots along Auburn Avenue — the first catalytic project on this historic Atlanta corridor…

A Multi-Housing News article highlights a LIIF-originated $29.5 million acquisition loan, in participation with the New York City Acquisition Fund, that is strengthening the historically underserved community of East Harlem. This Breaking Ground adaptive reuse project will convert a 19-story former student-housing property into 435 units of affordable and supportive housing. There will be 261 units set…

The Low Income Investment Fund (LIIF) congratulates Scott Turner on his confirmation today as U.S Secretary of the U.S. Department of Housing and Urban Development (HUD). LIIF stands ready to partner with Secretary Turner and looks forward to working with him and the Administration to increase and preserve the supply of affordable homes throughout the country. During his Senate confirmation hearing, Secretary Turner highlighted the critical…

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…