Category: Community Facilities

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…

LIIF has partnered on an impactful deal so that Damien Center, Indiana’s largest HIV/AIDS facility, can build its new healthcare and supportive services center. LIIF provided a $6.5 million construction-perm loan leveraging the power of the New Markets Tax Credits program. This deal aligns with LIIF’s mission to create opportunity and equity in under-resourced communities:…

Recent funding through New Markets Tax Credits is the first time that the Fort Smith, Arkansas community has benefitted from this program. Community School of the Arts received $25 million of tax credit allocation from New York City based Civic Builders and worked with HOPE (Hope Enterprise Corporation/Hope Credit Union) and the Low Income Investment…

In Atlanta, a tuition-free school is finally getting a permanent home — and piloting a new model for funding schools from the ground up. LIIF is proud to have partnered with Reinvestment Fund to foster the growth of Ethos Classical to create impact in a historically excluded community of the Southeast. CapNexus published this article as part…