News Archives
2020
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7 OFN Member CDFIs Included in $1.7 Billion MacKenzie Scott Pledge
On July 28, philanthropist MacKenzie Scott announced grants to 116 organizations totaling $1.7 billion. Included in the list of recipients are seven OFN member CDFIs. Read more on the OFN Blog.…
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Major Philanthropic Investment to Fuel LIIF’s Strategic Vision
Support from MacKenzie Scott will accelerate focus on racial equity and justice SAN FRANCISCO, Calif. – The Low Income Investment Fund (LIIF) is honored to announce a transformative donation from MacKenzie Scott in recognition of our high-impact, outcomes-driven community development work. LIIF is proud to be among the stellar organizations selected by Ms. Scott that […]…
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California Commissioner Launches Diversity Initiative, Names COIN Board Members
Patricia GoPaul, LIIF’s Executive Vice President, General Counsel, has returned to the COIN board with a term ending in 2022. Read more in Insurance Journal.…
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Communication Community’s Q & A with Amy Chea, MPA
LIIF’s Amy Chea, Program Officer/Small Business Advisor for LIIF’s Early Care and Education team in New York, was featured in this Q&A on the website Communications Community. Read the full article here.…
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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 […]…
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Officials Secure $1 Million To Support Child Care Providers And Educators
San Francisco officials unveiled a new program that will use $1 million from the Give2SF fund to support child care providers and educators. The Family Child Care Emergency Operating Grant program will be jointly managed by Low Income Investment Fund’s Child Care Facilities Program and the Office of Early Care and Education. Read more in […]…
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Opinion: COVID-19 Shows the Need to Combine Housing with Healthcare
The LIIF report “Innovative Models in Health and Housing” is included in this opinion piece in City Limits.…
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DHCD Financing Preserves and Produces Affordable Housing Units in Wards 5 and 8
The Washington, DC Department of Housing and Community Development has closed a $15.1 million loan from the Housing Production Trust Fund that will preserve 123 affordable housing units and produce new affordable housing units in Wards 5 and 8. LIIF acquisition financing helped TM Associates purchase the Hanover Court Apartments, where eight new affordable units […]…
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Investing in the Future by Preserving Federal Tax Credit Programs
New Markets Tax Credits (NMTC) help nonprofits get access to financing that’s more flexible and affordable than they could get from traditional lenders. In Atlanta’s East Lake neighborhood and in communities around the country, NMTCs and other federal tax credit programs have helped to create opportunity for all residents. Learn more about the impact of […]…
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Former Police Station to Become Learning Center for Low-Income Kids
LIIF recently provided more than $2 million in grants to Mission Neighborhood Centers for the redevelopment of a building into a full-day, year-round early care and education center for 56 children and an academic and life skills program called Mission Girls. The center, located near Bay Area Rapid Transit, hopes to grow to serve 600 […]…
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