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LIIF Upgraded by S&P

National CDFI Also Receives Highest Rating from Aeris LIIF’s continued financial strength, even amid the economic uncertainty brought on by the COVID-19 pandemic, was recently recognized by S&P, which upgraded the organization from an “A-” to an “A” rating. In addition, Aeris, the leading independent rating service for both financial and impact investments, reaffirmed LIIF’s…

Connecting Working Families to Jobs Near High Speed Rail in Dallas

LIIF recently provided $4.2 million to Petra Development for a mixed-use project which will include 235 housing units and retail in Dallas. The project will serve families earning 60 to 80% area median income & offer greater job access via its proximity to the Texas Central high-speed rail, connecting Houston to the Dallas/Fort Worth-area. Dallas,…

A New Conversation About Development Finance

LIIF CEO Daniel A. Nissenbaum joined Jeff Wood on the Rail~Volution Podcast to talk about equitable transit-oriented development, the CDFI industry, LIIF’s new strategic plan, and our journey toward centering racial equity in our work. Listen here.

LIIF Issues RFP for California Child Care Lobbyist

We are glad to announce the release of the Low Income Investment Fund’s (LIIF) Request for Proposals (RFP) to identify qualified consultants to support our work in Early Care and Education with legislative lobbyist services in California. The RFP with information about our organization, the scope of work, and instructions is linked below. Click here…

Expanding Access to Early Care and Education in San Francisco

Statewide in California, about four million children need child care, but less than one million slots are available. In San Francisco, about 20,000 kids do not have access to early care and education (ECE) programs. Quality, affordable child care is an investment that enables whole families to succeed by allowing parents to work and/or attend…

$20 Million LIHTC Bridge Financing for Developers Impacted by COVID-19

The Low Income Investment Fund (LIIF) has launched a $20 million COVID-19 Low Income Housing Tax Credit (LIHTC) Developer Fee Bridge Initiative to support affordable housing developers grappling with liquidity challenges in the wake of the coronavirus pandemic and ensuing recession. With a guarantee from the Community Investment Guarantee Pool (CIGP), this flexible capital will…

$23 Million Dedicated to Child Care Relief

The coronavirus pandemic has had an outsized impact on the field of early care and education (ECE) – underscoring its importance for an equitable economic recovery and the well-being of parents and children. According to a recent survey, child care enrollment is down 67%, adding crushing financial strain to businesses and families. LIIF is leveraging…

First Loan Closed in Atlanta TOD Fund to Combat Displacement

LIIF recently closed the first loan in the $15 million Atlanta Equitable Transit-Oriented Development (TOD) Fund – a partnership with the development authority (Invest Atlanta) and Enterprise Community Loan Fund.  The fund was created in December 2019 to support the City’s efforts in creating 24,000 affordable units. LIIF provided a $2.625 million loan alongside a…

Permanently Affordable Housing as Anti-Displacement Tool in Oakland

LIIF and partners recently provided $1.8 million to the Northern California Land Trust (NCLT) for the acquisition and rehabilitation of a 16-unit apartment building in Oakland, CA to ensure long-term affordability and wealth building opportunities for residents. The investment includes $667,000 from the Bay Area Preservation Pilot (BAPP), $933,000 from SPARCC and a $200,000 capital…