News Archives
2017
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Primary Care Development Corporation Provides Financing to Build New Health Center in New Orleans
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LIIF Joins Allies to Urge Support for the Capital Magnet Fund
The Low Income Investment Fund (LIIF) is proud to join 118 organizations in signing a letter to Congress urging support for the Capital Magnet Fund (CMF). The budget outline provided by President Trump last month proposes to eliminate key programs at the Department of Treasury and Department of Housing and Urban Development, including the CMF. […]…
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Essex Crossing Brings Affordable Housing & Services to NYC’s Lower East Side
Since 1967, nine lots in New York’s Lower East Side sat mostly vacant as local community members faced soaring housing prices and many went without affordable health care options and vital social services. Today, the poverty rate within this highly distressed area rests at 35 percent. In response to this dilemma, the City of New York […]…
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Ground Broken for Apartment Complex in L.A.
Hollywood Community Housing Corporation celebrated the groundbreaking for a 41-unit affordable housing development on April 22, 2017, combining new construction with the rehabilitation of a landmark — the historic Angelus Funeral Home in South Los Angeles. The construction was made possible in part by a $600,000 loan from LIIF. “The groundbreaking for the long-awaited Paul […]…
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Statement of Nancy O. Andrews, President and CEO of the Low Income Investment Fund, on President Trump’s Fiscal Year 2018 Budget ‘Blueprint’
This week, President Trump released further details on the deeply troubling budget outline for federal fiscal year (FY) 2018 he provided to Congress in late March. Unfortunately, this more complete budget, if enacted would inflict even greater harm on communities and vulnerable families across the country than its preview suggested. Not only does the Administration […]…
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Health & Housing: Thought Leaders Convene on the Future of Community Partnerships
Last week, we joined community development organizations, advocates and allies across the nation in celebrating Infrastructure Week. It has been estimated that $3.6 trillion must be invested by 2020 to maintain America’s housing and infrastructure, which includes everything from transit systems to parks and schools to local water and energy systems. These investments will have […]…
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Capital Magnet Fund: A Smart Solution for Affordable Housing and Community Development
A safe, decent, affordable home is a key element of the American dream. The Capital Magnet Fund (CMF) is a Federal program that contributes to this vision. CMF was founded understanding that housing investments lead to stronger communities, stronger families and stronger futures. This, in turn, spurs regional and national economic growth. There is good […]…
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SF Nonprofit Gets Around High Rent by Buying Its Building
Mission Child Care Consortium is a early care and education center serving mostly low income kids in San Francisco since 1969. Thanks in part to a $3.6 million loan and $800,000 grant from LIIF, the center was able to buy its building and ensure its viability for years to come. The center — which cares […]…
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Every Seat Counts: Public-Private Partnerships to Preserve Affordable Child Care in San Francisco
Each morning, parents on their way to work drop off more than 220 children at the Mission Child Care Consortium (MCC), nestled in the heart of San Francisco’s Excelsior District. Established in 1969, the center is the city’s largest child care facility. For parents in the Excelsior District, a historically working-class Latino neighborhood now facing […]…
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New Ideas, New Allies: How Unlikely Partnerships are Transforming Community Development
What works to tackle poverty in the U.S.? How do we improve the prospects for every child in our country? Almost five years ago, the Low Income Investment Fund (LIIF) along with colleagues in the community development, private and public sectors sought answers to these difficult questions in the book, Investing in What Works for […]…
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