News Archives
2016
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Fund Aims to Make TODs Affordable
The Regional Equitable Development Initiative (REDI) Fund was created to help finance the acquisition of affordable housing along public transit corridors in the Seattle metro area. Led by Enterprise, and funded in part by LIIF, the REDI Fund is a $21 million revolving loan fund. “Prosperous regions throughout our country are experiencing displacement of low-income […]…
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New Financing Tool for TODs
The Regional Equitable Development Initiative Fund (REDI), funded in part by LIIF, is a $21 million revolving loan fund that supports affordable housing options located near public transit in metro Seattle, where low-cost apartments are increasingly hard to find. “It is imperative in our view that households across the income spectrum live near frequent transit, […]…
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Regional Equitable Development Initiative (REDI) Fund to Spur Transit-Oriented Affordable Housing Development across Puget Sound Region
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LIIF Receives $85 Million New Markets Tax Credit Award
The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund has awarded LIIF $85 million in New Markets Tax Credit (NMTC) allocation. In total, LIIF has been awarded $458 million in NMTCs since the program’s first allocation in 2007 to invest in high-impact projects that spur economic opportunity in low income communities. “From health clinics […]…
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Our Shared Future & Renewed Commitment
We each want an opportunity to live up to our full potential and for our children to live in a better, brighter future. The recent election has raised serious questions about how we fulfill this promise amid deep ideological divisions and growing economic and social inequality. At the Low Income Investment Fund (LIIF), we believe […]…
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Public Charter Schools as Partners in Tackling Segregation
Sixty-two years ago, the Supreme Court decision in the Brown case outlawed formal racial segregation in our nation’s public schools. Forty-eight years ago, the federal Fair Housing Act outlawed racial discrimination in housing. While much good has been accomplished in the intervening years, racial isolation in housing continues to plague many metropolitan areas. Historical redlining, […]…
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Public Charter Schools as Partners in Tackling Segregation
Sixty-two years ago, the Supreme Court decision in the Brown case outlawed formal racial segregation in our nation’s public schools. Forty-eight years ago, the federal Fair Housing Act outlawed racial discrimination in housing. While much good has been accomplished in the intervening years, racial isolation in housing continues to plague many metropolitan areas. Historical redlining, […]…
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LIIF Receives $50 Million through the Treasury’s Bond Guarantee Program
This week, Community Reinvestment Fund, USA (CRF) issued a $165 million bond in the fourth round of the US Treasury Department’s CDFI Bond Guarantee Program (BGP). LIIF is proud to receive $50 million during this round, which will support loans in many of our nation’s undeserved areas. “The CDFI Bond Guarantee Program has proven to fill a […]…
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CDFI Fund Awards $91.5 Million in Capital Magnet Funds
The Low Income Investment Fund (LIIF) is proud to announce it has received a $3.7 million award from the Community Development Financial Institutions (CDFI) Fund’s Capital Magnet Fund (CMF) Program. In 2010, LIIF was the largest CMF awardee and leveraged its $6 million award into $130 million in investments, a ratio of 20 to 1. […]…
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Preservation of Affordable Housing Completes West Side’s Newberry Park Renovations
Recently, the ribbon was cut on Newberry Park Apartments, a project in partnership with the Preservation of Affordable Housing (POAH). LIIF is proud to have supported efforts to create and preserve affordable housing options for residents of Chicago’s Near West Side. Newberry Park consists of 25 two-bedroom units, 48 three-bedroom units and 11 four-bedroom apartments. More Information: Read the article […]…
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