News Archives
2019
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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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New Jersey Ranks Top in the Nation for Economic Development Potential in Opportunity Zones
The Strong, Prosperous, and Resilient Communities Challenge (SPARCC) has collaborated with LOCUS on a National Opportunity Zone Report that assesses the social equity and vulnerability of economically distressed communities identified for investment in the recent edit to the Tax Cuts and Jobs Act. The report identifies which Opportunity Zones are positioned to bring positive social, […]…
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Mayor Lora Joins City Officials for the Grand Opening of 663 Main Avenue
The revitalized People’s Bank Building in Passaic, NJ held its grand opening amid community fanfare. The redevelopment project, part of a renewal of Passaic’s downtown, will bring office, retail and community space to the neighborhood and will revitalize the historic building, which was abandoned for decades. LIIF is proud to be part of the collaborative […]…
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Redevelopment Projects Accelerate in Spartanburg’s Northside
A series of community development projects on the Northside of Spartanburg, NC are bringing new life to one of the state’s most distressed neighborhoods. New Markets Tax Credits and debt financing from LIIF and other lenders are bringing jobs and healthcare to the Northside. Read more in the Upstate Business Journal.…
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Atlanta Fund to Put “Patient” Capital to Work for Affordable Housing Near Transit
Low- and moderate-income families in the Atlanta metro area can spend more than 60 percent of their annual income on housing and transportation. A new loan fund designed to bring below market-rate housing to transit stations will help Atlanta’s families cut costs and and live closer to good jobs, quality schools, and healthcare. Read more […]…
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Better Health Outcomes at Lower Costs is a Win that Everyone can get Behind
Daniel A. Nissenbaum, LIIF’s CEO, and Nonprofit Finance Fund CEO Antony Bugg-Levine call on Congress to preserve New Markets Tax Credits, which provide nonprofits with more certainty to grow, innovate, and attract capital investment. Read more in The Hill.…
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Denver’s New Landlords
Can turning low-income homeowners into landlords to help them afford to stay in neighborhoods at risk of gentrification? West Denver Renaissance Collaborative is piloting a project to build Accessory Dwelling Units (ADUs) – also called in-laws or granny flats – to earn extra income for families at risk of displacement. Learn more in U.S. News […]…
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Grand Opening of Affordable Housing Development in Wilmington Hallmarks Nearly Two Decades of Community Revitalization Effort at Dana Strand
In the Wilmington neighborhood of Los Angeles, former military housing is now safe, affordable housing for seniors and families thanks to a collaborative effort by several public, private and nonprofit organizations including Abode Communities and Mercy Housing. This project, almost 20 years in the making, will provide 176 affordable homes with on-site social services. Read […]…
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Kapolei, HI Mixed-Use Development Brings Retail and Homes to West Oahu’s Central Business District
A collaborative effort is bringing about 300 new affordable homes to families and seniors in West Oahu, HI. This project is LIIF’s first in Hawaii, and will be bringing much needed affordable housing and retail space to the rapidly growing city of Kapolei. Read more in PRISM.…
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Will This New Investor Tax-Incentive Policy Avoid Mistakes of the Past?
Opportunity Zones are intended to bring private investment into communities of color and other low-income communities that previous federal development policies have left behind. Will this new policy actually benefit the communities it’s intended for? Learn more about Opportunity Zones in Next City.…
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