News Archives
2018
-
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 […]…
Read the full story -
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 […]…
Read the full story -
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.…
Read the full story -
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.…
Read the full story -
More Real Estate Funds Aim to Preserve Affordable Housing, Boost Economic Development
Public and private entities are pooling their capital and stepping in to slow the erosion of the country’s affordable housing stock. The Low Income Investment Fund (LIIF), National Affordable Housing Trust (NAHT) and Morgan Stanley launched a new $100 million initiative in December aimed at protecting affordable housing for low income families across the country. […]…
Read the full story -
LIIF Lends $7.5 million for Silicon Valley Affordable Housing
LIIF, in partnership with the National Affordable Housing Trust and Morgan Stanley, has closed its second loan through the Fund to Preserve Affordable Communities. This loan will enable BRIDGE Housing to develop much-needed affordable housing in Milpitas, CA. Read more in Impact Alpha.…
Read the full story -
Princess Anne Townhouses Get New, Nonprofit Owner
The NHP Foundation, a national not-for-profit provider of affordable housing, has received an $8.7 million acquisition loan through the National Affordable Housing Trust, in partnership with the Low Income Investment Fund and Morgan Stanley, to purchase the Princess Anne Townhouses in Princess Anne, MD. The 120-town home property will be rehabbed and preserved as affordable […]…
Read the full story -
Affordable Housing NYC: Bed-Stuy Apartments Get ‘Long Overdue’ $9.4M Renovation
Renovation of 36 units of affordable housing for residents of Brooklyn’s Bedford-Stuyvesant neighborhood will keep affordable homes and social services for formerly-homeless families in the neighborhood, and prevent displacement in an area of rising rents. The preservation and renovation project, undertaken by New Destiny Housing with support from several partners, has ensured that families living […]…
Read the full story -
Low Income Housing In Bed-Stuy Gets $9.4M Makeover
A $9.4 million project to renovate 36 units for low-income and formerly homeless families in the Bedford-Stuyvesant neighborhood of Brooklyn opened in June, providing affordable housing and supportive services to longtime residents of the neighborhood. The project was funded by Enterprise Community Partners, Low Income Investment Fund, the New York State Housing Trust Fund, and […]…
Read the full story -
Community Coalition Strengthens its Home Base
Community Coalition (CC) in Los Angeles’ Vermont Knolls neighborhood sits in the middle of an area that lacks access to necessary social and human services. Support from LIIF and other partners helped CC renovate its headquarters and expand its work. Learn more in this CDFI Fund Impact Story.…
Read the full story
