News Archives
2021
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In Spite of This Week’s Latest Attack, Democracy is Prevailing
The insurrection at the Capitol building in Washington, D.C. yesterday was a sinister attack on democracy and counter to the principles for which LIIF stands. We strongly condemn the mob violence incited by anti-patriotic falsehoods aimed at discrediting a valid presidential election and the will of the people. Today, we are more resolved than ever […]…
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$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 […]…
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$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 […]…
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Therapeutic Child Care Center Opens in DC to Offer Free & Sliding Scale Care
For 30 years, Kidspace has offered care and education to children of families experiencing financial or psychological stress. Thanks to a $7 million fundraising campaign, of which LIIF was a part, the center has opened in a new space in DC, where it will eventually be able to double the number of children served to […]…
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Democracy, Decency and Diversity Prevail in 2020 Election
With the results of this contentious election now clear, we have affirmed that the essence of our country—democracy, decency and diversity—will prevail. We congratulate President-elect Joe Biden and Vice President-elect Kamala Harris, who represents many firsts as a Black and Indian American woman at the highest level of our government. The damage caused by the […]…
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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 […]…
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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 […]…
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LIIF & Partners Launch City of LA COVID-19 Child Care Provider Grant Program
Today, LIIF and partners launched a grant program for licensed family child care homes and centers impacted by the pandemic in the city of L.A. LIIF will administer the program in partnership with the City of Los Angeles, Economic & Workforce Development Department (EWDD), the City’s BusinessSource Centers and local early care and education agencies. […]…
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New Effort to Raise $1 Billion for Affordable Housing Nationwide
A group of nonprofit organizations and financial institutions has launched a campaign to raise $1 billion in an effort to help provide affordable housing for low-income families and communities of color. Read more in Next City.…
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Inside the $1 Billion Bid to Rescue Affordable Housing
A new partnership between housing groups aims to give nonprofit developers the resources they need to preserve affordable apartments. Read more about our joint venture with SAHF and NAHT in CityLab.…
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