Category: Community Facilities

LIIF has closed on a $19 million secured New Markets Tax Credit (NMTC) source loan to Carmen High School of Science and Technology, a nonprofit charter school located in a historically underinvested neighborhood on the south side of Milwaukee, Wisconsin (renderings below). The intricate capital stack includes LIIF at $6 million; peer CDFI co-lender IFF…

We’re expanding access to high-quality learning environments. Members of LIIF’s Community Investment Programs team recently joined industry leaders at the National Charter Schools Conference in Orlando. Our Vice President, Southeast Region LaToya Kyle (photo, left) and her colleague Adyam Ghebre (photo, right) shared insights as they connected with educators, school leaders and partners. LIIF is…

Community win in Near Eastside Indianapolis. Today was the ribbon-cutting for the new Mosaic Building at Damien Center, Indiana’s oldest and largest HIV/AIDs service organization. LIIF provided a $6.5 million construction-perm loan, leveraging the power of the federal New Markets Tax Credits (NMTC) program, as catalytic capital for this 56,000-square-foot health care and supportive services…

In conjunction with Community Foundation for Greater Atlanta, LIIF’s charter-school lending in the Southeast was highlighted in their Saporta Report. The case study of Ethos Classical is featured. Read the Saporta Report guest blog. Ethos is just one success story of many around this work that puts racial equity in education into our lending practices.…

Last winter, LIIF staff toured the construction site of The Hub in San Francisco’s historically excluded Sunnydale community. LIIF provided $13.6 million in New Markets Tax Credit (NMTC) allocation authority, a $1.5 million capital campaign bridge loan and $3 million in early care and education (ECE) grant funding to finance the construction of this 28,000-square-foot,…

In 2022, LIIF invested in the six-story Rindge Commons Economic Mobility Hub in N. Cambridge, Massachusetts, with our Senior Loan Officer, Northeast Region Adyam Ghebre attending a groundbreaking ceremony (photo below, third from right). Our organization offered an $11 million source loan and $13 million via a New Markets Tax Credit allocation for this community…

They may call it “Steel City,” but LIIF’s community facilities Lending team is taking a shine to glassmaking in Pittsburgh. The is LIIF’s first loan in this city — and the organization’s first to an arts programming space anywhere in the nation. LIIF’s total commitment to Pittsburgh Glass Center (PGC) was $5.2 million, split between…

LIIF’s $3.71 million loan was part of a $14.83 million loan to support the construction of the Boys and Girls Club of Puerto Rico’s new Oasis Hub in San Juan. This 134,000-square-foot, mixed-use development will house the Vimenti Alliance Public School, Vitalus health clinic, workforce development programs and family wrap-around services. Adjacent to a Head…

Apex Development Group and Knickpoint Ventures have sealed a $32 million debt package for the acquisition and construction of a charter school facility in Elmhurst, Queens. LIIF provided funding to make the scaling of Forte Prep a reality. Read the Commercial Observer article. Read the Connect CRE article. A lending syndicate of nonprofit groups —…

A computer-science based high school is primed for relocation to the Mott Haven neighborhood of the Bronx, New York. LIIF’s part was a $9.75 million loan as part of $29.3 million in debt provided with two other CDFIs, LISC and Enterprise Community Loan Fund. The Urban Assembly Charter High School for Computer Science (Comp Sci…