News Archives
2019
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The Uses and Limits of Data as we Work in the San Joaquin Valley
Maintaining a vast collection of data sources helps the Heron Foundation understand local challenges as it works in the San Joaquin Valley, and helps it build partnerships with organizations like LIIF who are working in the area. Read more on the Heron Foundation website.…
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Low Income Investment Fund Completes Inaugural Debt Issuance at 10x Oversubscribed
The Low Income Investment Fund (LIIF) has issued its first public debt offering with a $100 million Sustainability Bond issuance. The Community Development Financial Institution (CDFI) offering was ten times oversubscribed. LIIF is a community development financial institution that is focused on community building initiatives including providing financing for low-income housing and other projects that […]…
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A New ‘Sustainability Bond’ Got 10 Times the Investor Interest It Needed
The Low Income Investment Fund, a San Francisco-based nonprofit, met with 10 times the investment interest it needed to float a $100 million “sustainability” bond last week, indicating strong demand for such bonds. LIIF will use the proceeds to support community development projects. Read more in Barron’s.…
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LIIF Reaches $50 Million of Investment in the South
Two years after opening an office in Atlanta, we’re proud to celebrate the deployment of $50 million in affordable housing, K-12 schools, early care and education, health clinics and community facilities across the South. LIIF has provided financing to community development projects in this region since 2001, but began a more concerted effort to increase […]…
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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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