News Archives
2019
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$3.75 Million Awarded to LIIF in Capital Magnet Funds
LIIF is excited to announce our recent award of $3.75 million through the US Department of the Treasury’s Capital Magnet Fund (CMF). This enormously successful program has created deep impact and proven to be a smart investment, leveraging federal funds twenty times over. In fact, the 23 awardees in 2010 alone have produced 10,800 affordable […]…
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Expanding Health Access in New Orleans
A new 65,000-square-foot health clinic recently opened their doors in New Orleans, thanks in part to $3.25 million in acquisition loan financing from the Low Income Investment Fund. CrescentCare was founded as a primary source of care for underserved populations including low-income individuals, the LGBTQ community and people living with HIV and AIDS. The new […]…
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Low Income Investment Fund Announces Leadership Changes
The Low Income Investment Fund (LIIF) announced the appointment of Giles Coates to the new position of chief financial officer (CFO) and the promotion of Sabrina Baptiste to the newly created role of chief administrative officer (CAO). Read more on the CDFI Connect Blog.…
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LIIF Announces New CFO & CAO
The Low Income Investment Fund (LIIF) is excited to announce Giles Coates as our new chief financial officer (CFO) and the promotion of Sabrina Baptiste to the newly created role of chief administrative officer (CAO). In their roles as senior leaders for the organization, both Mr. Coates and Ms. Baptiste will join LIIF’s executive team. […]…
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New Markets Tax Credits Spur Nashville Revitalization Projects
A collaborative effort is bringing new housing, education and health clinic infrastructure to Nashville, TN thanks in part to federal New Markets Tax Credits. NMTCs inject private capital into projects that otherwise wouldn’t have access to the financial resources needed for large-scale construction projects. Learn more in the Nashville Business Journal.…
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Addressing Equity in the Workplace
LIIF recently hosted a conversation about unconscious bias and equity in the workplace during which staff discussed the moral and business case for diversity. “Companies in the top 25% for ethnic diversity are 35% more likely to financially outperform the bottom 25%,” said Jonathan Mayes, the head of Corporate Responsibility, Diversity and Inclusion for the […]…
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Bringing Financial Literacy to Early Care & Education Centers
LIIF, the NYC Department of Education and the Financial Management Association hosted two finance workshops in November 2018 for approximately two dozen Early Care and Education (ECE) providers in Metropolitan New York City. These workshops were made possible in part by support from Citi’s Community Progress Makers award. ECE businesses have a triple-benefit for the […]…
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New Jersey Ranks Top in the Nation for Economic Development Potential in Opportunity Zones
The Strong, Prosperous, and Resilient Communities Challenge (SPARCC) has collaborated with LOCUS on a National Opportunity Zone Report that assesses the social equity and vulnerability of economically distressed communities identified for investment in the recent edit to the Tax Cuts and Jobs Act. The report identifies which Opportunity Zones are positioned to bring positive social, […]…
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Mayor Lora Joins City Officials for the Grand Opening of 663 Main Avenue
The revitalized People’s Bank Building in Passaic, NJ held its grand opening amid community fanfare. The redevelopment project, part of a renewal of Passaic’s downtown, will bring office, retail and community space to the neighborhood and will revitalize the historic building, which was abandoned for decades. LIIF is proud to be part of the collaborative […]…
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Redevelopment Projects Accelerate in Spartanburg’s Northside
A series of community development projects on the Northside of Spartanburg, NC are bringing new life to one of the state’s most distressed neighborhoods. New Markets Tax Credits and debt financing from LIIF and other lenders are bringing jobs and healthcare to the Northside. Read more in the Upstate Business Journal.…
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