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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…

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…