News Archives
2015
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LIIF Receives $1.65 Million Financial Assistance Award from the CDFI Fund
Yesterday, the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that the Low Income Investment Fund (LIIF) has been awarded $1.65 million in Financial Assistance (FA) through it’s CDFI Program. As part of the Treasury’s 2015 round, LIIF was one of only 195 community development organizations nationwide to receive funding. The award marks […]…
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America’s Biggest Problem Is Concentrated Poverty, Not Inequality
A new piece by Richard Florida in CityLab argues that the growth of concentrated poverty in the United States is a far bigger problem than income inequality. He points to a recent study from the Century Foundation revealing that the number of people living in concentrated poverty has nearly doubled from 7.2 million in 2000 to 13.8 million […]…
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LIIF and Deutsche Bank Partner to Support Expansion of Universal Pre-K in NYC
The Low Income Investment Fund (LIIF) is pleased to announce the kick-off of a new partnership with the Deutsche Bank Americas Foundation to support universal prekindergarten (pre-K) expansion in New York City. The $250,000 Deutsche Bank Pre-K Capacity Fund provides bridge financing to community-based pre-K providers to renovate and build out their facilities in advance […]…
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LIIF and Partners Publish New Report on Pay for Success and Housing Mobility
The Low Income Investment Fund (LIIF) joined with researchers from the Johns Hopkins School of Medicine, the Urban Institute, and the Poverty & Race Research Action Council (PRRAC) to publish Leveraging the Power of Place: Using Pay for Success to Support Housing Mobility through the Federal Reserve Bank of San Francisco’s Community Development Investment Center […]…
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Disarming the Affordable Housing Debate
A new piece by Urban Institute’s Margery Austin Turner and Solomon Greene answers the question “where should a poor family live?” In response to an op-ed in the New York Times by columnist Thomas Edsall, the authors explore the tension between investing in low-income communities, versus creating opportunities for poor people to live in wealthier […]…
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LIIF Applauds Supreme Court Ruling to Combat Housing Discrimination
The U.S. Supreme Court announced today that a key anti-discrimination provision under the landmark Fair Housing Act will be upheld, marking a significant victory for civil rights and housing advocates. LIIF applauds the Supreme Court’s decision to recognize disparate impact claims and the important role they play in promoting fairness and inclusion in American communities…
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LIIF Receives $60 Million New Markets Tax Credit Award
Today, the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that the Low Income Investment Fund (LIIF) has been awarded $60 million in New Markets Tax Credit (NMTC) allocation. As part of the Treasury’s 2014 round, LIIF was one of only 76 community development organizations nationwide to receive funding. The award marks LIIF’s […]…
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“Working City: The Atlantic Forum on Urban Progress” Convenes Community Leaders to Discuss Improving America’s Low Income Neighborhoods
On Thursday, May 7th, The AtlanticLIVE is hosting Working City: The Atlantic Forum on Urban Progress, a special half-day forum bringing together leaders who are seeking to sustain collaborative efforts aimed at making cities work better for all…
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LIIF Closes First CDFI Bond Guarantee Program Loan
LIIF is pleased to announce that it has closed its first loan under the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Bond Guarantee Program to support a high performing charter school in the Bronx, New York…
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Capital Magnet Fund: A Smart Solution for Affordable Housing
LIIF joins with the leaders of Capital Impact Partners, IFF and The Reinvestment Fund to explain the importance of Capital Magnet Fund and its impact on low income American families …
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