News Archives
2019
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New Life for a Building, New Optimism for a City
The People’s Bank Building, in Passaic, NJ was constructed during the Great Depression and is a designated historic landmark. For 20 years, the 12-story building sat vacant. With no preventative upkeep, it had been damaged by exposure to rain and winds, and a stream that ran under the building had flooded the basement. Today, the Art […]…
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New Excelsior Family Connections Center Opens On Mission Street
More children and families will have access to education programs with the opening of Excelsior Family Connections. The Excelsior neighborhood facility offers services ranging from financial literacy and parenting classes to preschool and adult education classes. Read more in the San Francisco Chronicle.…
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Why is Creating More Child Care Centers So Hard?
The need for more quality child care spaces in California is staggering – it’s estimated that four million kids need care, but less than one million spaces exist statewide. Why is building new child care facilities so challenging? Learn more from KQED.…
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GoATL Fund Backs LIIF’s Charter School Finance Program in Atlanta
GoATL, the impact investment fund of Community Foundation for Greater Atlanta, has invested $1 million into the Low Income Investment Fund to create a financing vehicle for earlier stage charter schools in Atlanta’s lower income communities. The U.S. Department of Education also provided funding. This flexible, long term capital will support emerging charter schools with proven leadership […]…
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Community Foundation for Greater Atlanta’s GoATL Fund Invests $1 Million in Local Education
The Community Foundation for Greater Atlanta’s impact investment fund, the GoATL Fund, recently closed a new $1 million investment for the Low Income Investment Fund (LIIF) to launch a new program to finance high-potential, early-stage charter schools in metro Atlanta’s lower income communities. Together with funding from the U.S. Department of Education, GoATL’s investment will […]…
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Voices from the Field: How Financial Innovation Can Enable Inclusive Opportunity Zones
CDFIs can play an important role in building partnerships and creating innovative strategies to enable inclusive Opportunity Zones. Read more from LIIF’s VP of Structured Products & Capital Markets, Amy Laughlin, and others in this new report from Drexel University’s Nowak Metro Finance Lab and Accelerator for America. Read the report.…
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Funds for Kickstarting Affordable Housing Preservation and Production: Lessons for New Investors
Affordable housing preservation and development requires patient, flexible capital and strong partnerships. In “Funds for Kickstarting Affordable Housing Preservation and Production: Lessons for New Investors,” Elizabeth Mattiuzzi of Federal Reserve Bank of San Francisco highlights this important work and the partners who invest in safe, affordable housing. Read the report.…
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People’s Bank Building wins 2019 Smart Growth Award
The People’s Bank Building in Passaic, NJ, a project partially financed by LIIF, will receive a 2019 Smart Growth Award in June. The award honors the sustainable development of this Art Deco building, which has been repurposed into office and retail space that is revitalizing downtown Passaic. Read more from New Jersey Future.…
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Low Income Investment Fund Announces Leadership Changes
The Low Income Investment Fund (LIIF) announced the appointment of Giles Coates to the new position of chief financial officer (CFO) and the promotion of Sabrina Baptiste to the newly created role of chief administrative officer (CAO). Read more on the CDFI Connect Blog.…
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New Markets Tax Credits Spur Nashville Revitalization Projects
A collaborative effort is bringing new housing, education and health clinic infrastructure to Nashville, TN thanks in part to federal New Markets Tax Credits. NMTCs inject private capital into projects that otherwise wouldn’t have access to the financial resources needed for large-scale construction projects. Learn more in the Nashville Business Journal.…
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