News Archives
2016
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How the Community Reinvestment Act Became Diluted and Why We Should Take Note
The Community Reinvestment Act (CRA) was established in 1978 to address years of federally-enabled bank redlining, which isolated communities of color in the credit market — making it nearly impossible to receive mortgages on homes in African American neighborhoods. CRA required banks to reinvest in all communities they serve, an move that would aid historically overlooked communities. A new […]…
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Massachusetts Sees Push for Healthy Foods Initiative
Advocates in Massachusetts are campaigning on behalf of the Massachusetts Food Trust, a fund that would incentivize grocery stores and food markets to open their doors in a state that needs increased access to healthy foods. Though Massachusetts is one of the wealthiest states in the country, it has fewer than one supermarket for every […]…
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196 Countries Approve Historic Climate Agreement
After a 13 day convening in Paris, with nearly 200 countries across the globe in attendance, world leaders have settled on an agreement that incentivizes the use of clean energy to combat climate change. The deal aims to limit the rise in global temperatures to 2 degrees Celsius or less, and calls for cooperation among […]…
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LIIF Launches Updated Social Impact Calculator 2.0
Today, LIIF is pleased to announce the launch of the Social Impact Calculator 2.0. The calculator’s new features include the ability to calculate an internal rate of social return, select from different social discount rates, analyze multiple areas of impact for a single project and assess cumulative impact across several projects.…
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LIIF Funds New Affordable Child Care Center in Berkeley
This past September, Nia House in Berkeley celebrated their grand re-opening with a new and expanded facility financed by LIIF. …
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U.S. Chamber of Commerce Foundation Recognizes Partners in Progress
Yesterday, the U.S. Chamber of Commerce Foundation named the Partners in Progress Initiative as the winner of a 2015 Corporate Citizenship Award in the category of Best Community Improvement Program. The initiative, a partnership between Citi Foundation and the Low Income Investment Fund, was recognized for its support of 14 organizations that are confronting “complex […]…
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LIIF and Partners Win Novogradac Award for Sears Crosstown Project
The Low Income Investment Fund has been named the winner of the 2015 Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards in the Real Estate category. The awards recognize community development entities (CDEs) that made exceptional qualified low-income community investments (QLICIs) in the past year. Winners will be honored Oct. 21 […]…
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The Architecture of Segregation
The New York Times Editorial Board recently published a piece called The Architecture of Segregation, describing the racial and economic divides we see in this country that are a direct consequence of federal, state and local housing policies. The piece highlights new HUD regulations and a major Supreme Court ruling on the Fair Housing Act […]…
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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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