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LIIF Receives $3 Million Award from Washington, D.C. Preservation Fund

LIIF is pleased to announce that the District of Columbia Preservation Fund awarded LIIF $3 million. LIIF will leverage this grant with LIIF capital to provide flexible, low-cost financing for the preservation of affordable housing in D.C. This financing will not just preserve affordable housing, it will provide developers the capital needed to improve property…

Affordable Housing Moves Forward Despite COVID Obstacles

COVID-19 has challenged efforts to create and preserve affordable homes across the US – including uncertainty around loan terms and repayment and physical distancing impacts on site visits and construction. Despite this, projects to increase the supply of homes that are affordable have continued to move forward, including two recently closed LIIF projects coming to…

COVID-19 Makes it Clear: Investing in Child Care is Essential

The COVID-19 pandemic has exposed the critical value of early care and education (ECE) for our families and our economy. Local, state and federal governments have identified ECE for front line employees as an essential service alongside health, utilities and food delivery systems. This has brought the chronic underfunding of what should be a public…

LIIF Announces New Chief Strategy Officer

The Low Income Investment Fund (LIIF) is excited to announce Lucy Arellano Baglieri as our new Chief Strategy Officer. In her role as a senior leader for the organization, Mrs. Arellano Baglieri will oversee LIIF’s Strategy, Development and Public Affairs team, and will lead implementation of LIIF’s strategic plan and social justice initiatives.  “We were…

$15 Million Equitable Transit-Oriented Development Fund Launches in Atlanta

The city of Atlanta is making strides to expand housing in opportunity-rich neighborhoods and connect residents to community assets. In 2019, Mayor Keisha Lance Bottoms announced a plan to invest $1 billion in affordable housing to address the city’s critical need of 24,000 units. In response, LIIF and Enterprise Community Loan Fund have joined Invest…

LIIF Funds Workforce Housing in New Orleans

LIIF recently provided a $5 million loan to Greencoast Enterprises and Iris Development (a local minority business enterprise) for the construction of Bourgoune Bywater, a new workforce housing and commercial development in New Orleans. Bourgoune Bywater will include 70 units, with 10% of the units reserved for low-income residents and the majority accessible for middle…

LIIF Receives $3 Million Award from the District of Columbia Preservation Fund

LIIF is pleased to announce that we have been awarded $3 million from the District of Columbia Preservation Fund. The Fund provides quick access to short-term bridge, acquisition and pre-development financing for eligible borrowers to purchase and rehabilitate occupied building with more than five units. At least 50 percent of units must be currently affordable…