News Archives
2013
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CDFI Response to Superstorm Sandy
In October 2012, Superstorm Sandy ravaged the East Coast, destroying homes, ruining local businesses and causing an estimated $60 billion in damages. For many of the families and businesses hardest hit by the storm, recovery meant undertaking longer term, larger scale rebuilding. With decades of expertise in helping small businesses and communities with economic development, CDFIs emerged as a pivotal player in the disaster relief efforts, filling the gap between the initial relief and longer term rebuilding efforts…
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$93 Million Golden State Acquisition Fund Launches to Support Affordable Housing Statewide
We are pleased to announce the launch of the Golden State Acquisition Fund (GSAF), a new program available to developers of affordable housing in California. The $93 million program provides acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing statewide. Developers can access financing for […]…
Read the full story 2012
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Bank of America Funds $20 Million Investment to Support Hurricane Sandy Rebuilding Efforts
LIIF is among 13 community development financial institutions (CDFIs) to receive funding from Bank of America to provide financing for small businesses and residents affected by Hurricane Sandy. Bank of America is committing $20 million in low cost financing to CDFIs through this initiative. As communities devastated by the storm move from relief to recovery […]…
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Bay Area TOAH Fund Recognized by EPA for Smart Growth Achievement
The Bay Area Transit-Oriented Affordable Housing Fund (TOAH Fund) is among seven projects from across the country to be recognized by the U.S. Environmental Protection Agency (EPA) for the 2012 National Award for Smart Growth Achievement. The TOAH Fund received an honorable mention in the Programs and Policies category for its…
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LIIF Commits $1 Million to Communities Affected by Sandy
The Low Income Investment Fund’s (LIIF’s) thoughts and concerns are with the people and communities affected by Hurricane Sandy. To support recovery efforts, LIIF is committing $1 million to ensure that those hardest hit by the storm have access to food and much needed services.…
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LIIF Recieves $50 Million NMTC Award
The US Treasury’s Community Development Financial Institutions Fund announced that LIIF has received a $50 million award in the latest round of New Markets Tax Credits. This is LIIF’s fifth consecutive allocation from the program. NMTCs enable LIIF to attract significant capital investment from the private sector to support economic development projects in low income […]…
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CDFIs v2.0: The Vision of a New Generation
Opportunity Finance Network (OFN) launched the CDFIs v2.0 initiative in 2010 to bring together young professionals in the CDFI industry to discuss the future of the sector. LIIF’s Associate Director National Strategic Initiatives and Senior Loan Officer Hannah Blitzer was selected as one of the 26 participants in CDFIs v2.0 out of a pool of […]…
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LIIF & Partners Recieve Affordable Housing Award from HCD
The Department of Housing and Community Development (HCD) awarded a $23,250,000 loan as seed capital to implement the Golden State Acquisition Fund to finance affordable housing. The loan was awarded to a consortium of four nonprofit community development financial institutions (CDFIs), including LIIF, Enterprise Community Loan Fund, the Rural Community Assistance Corporation and Century Housing. […]…
Read the full story 2011
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LIIF Joins Mayor Bloomberg at Staten Island Grocery Ground Breaking
LIIF joined Mayor Bloomberg to celebrate the ground breaking of a grocery store in Staten Island. The store owner is receiving a $3.8 million loan from the Healthy Food & Healthy Communities Fund as well as support from the City’s FRESH program. The funds will enable the store to expand from 6,000 to 9,000 square […]…
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LIIF Joins Starbucks & OFN to Create Jobs
The Low Income Investment Fund (LIIF) is excited to announce that it was named as one of the first community development financial institutions (CDFIs) to receive a capital grant from the Create Jobs for USA Fund, a collaboration between Starbucks and Opportunity Finance Network (OFN). The Create Jobs for USA funds will help LIIF to […]…
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