For more than 30 years, the Low Income Investment Fund has invested in people and places to help communities lift themselves out of poverty.
As we look back over 2017, we’re proud of the work we’ve done this year. We’ve invested almost $250 million in communities across the country. We’ve started expanding our work into the Southeastern U.S. With our partners we launched SPARCC, a new project dedicated to building equitable opportunities for all.
We’re excited to share the stories of a few of the people and communities we’ve supported this year.
In San Francisco’s Excelsior District, a rent hike at the neighborhood’s largest childcare provider could have forced it to shut down. See how a partnership between LIIF and several local organizations helped Mission Child Care Consortium not just keep its doors open, but buy its building, guaranteeing stable, affordable child care remained accessible to the neighborhood.
Read about Crosstown Concourse, a “vertical village” in Memphis, Tenn., that is now a vibrant affordable housing complex sharing space with arts, education and health organizations in the city’s historic Sears Crosstown building.
This spring, LIIF partnered with several national organizations to launch the Strong, Prosperous and Resilient Communities Challenge (SPARCC). SPARCC is a $90 million initiative to ensure that new investments in the places we live, work and play lead to equitable and healthy opportunities for everyone.
And our work is far from over. As we look toward 2018, LIIF will pass the torch to a new CEO. We expect to welcome new ideas while remaining rooted in our commitment to addressing poverty and creating more just economic and social outcomes for all Americans. We thank you for sharing in our stories this year, and for helping us fulfill our mission of expanding opportunity for all.