News Archives
2018
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Massive Memphis ‘Vertical Urban Village’ a Huge Hit
Built in 1927, the historic Sears Roebuck & Co. distribution center closed in 1993, and sat unused in the Crosstown neighborhood of Memphis, TN for more than 20 years. The 933,000-square-foot building was preserved and redeveloped, and opened in 2017 as Crosstown Concourse, a highly integrated, mixed-use facility, anchored by arts, education and healthcare tenants, […]…
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Daniel A. Nissenbaum Named President and CEO of the Low Income Investment Fund
The Low Income Investment Fund (LIIF), one of the largest investors in low-income neighborhoods throughout the U.S., today announced that it has named Daniel A. Nissenbaum, a longtime LIIF board member and Goldman Sachs executive, as its new President and Chief Executive Officer. Nissenbaum will succeed Nancy O. Andrews who announced last summer that she […]…
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Building’s New ‘Communal’ Model: Homes for Families, Mission Dance Company
A former furniture store that’s been sitting vacant in San Francisco’s Mission District will be a model of cooperative living for homeowners, a child care provider, and a local dance group. The project will bring about 40 affordable units to families at risk of displacement, will provide a new home for Dance Mission Theater and […]…
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Bringing Affordable Housing and Child Care to San Francisco’s Mission District
The Mission Economic Development Agency (MEDA) and LIIF are partnering on their first project together to bring affordable housing, child care, and arts space to a currently vacant building in San Francisco’s Mission District. This project will keep families at risk of displacement in the neighborhood and will bring more high-quality child care to the […]…
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$100 Million Initiative to Preserve Affordable Communities
The Low Income Investment Fund (LIIF), National Affordable Housing Trust (NAHT) and Morgan Stanley have launched a new $100 million initiative aimed at protecting affordable housing for low income families across the nation. An initial $30 million will be immediately available to nonprofit affordable housing providers through the Fund to Preserve Affordable Communities (FPAC). Through […]…
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Central City Concern Breaks Ground on Blackburn Building
Central City Concern celebrated the groundbreaking of its new Blackburn Building, which will provide transitional and permanent housing and health services to individuals in addiction recovery in Portland, OR. This building is part of the Housing and Health campaign, which will bring 379 new homes throughout Portland to people at risk of homelessness. LIIF financed […]…
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More Equitable Funding and Finance Opportunities Coming for Tennessee Charter Schools
The Low Income Investment Fund (LIIF) and the Tennessee Charter School Center (TCSC) announced they have received an $8 million award from the U.S. Department of Education’s Credit Enhancement for Charter School Facilities Program to expand high quality educational opportunities in Tennessee. This award will enable LIIF and TCSC to establish a new charter school […]…
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Breaking Ground Opens 248-unit Affordable Housing Complex in The Bronx
Breaking Ground recently celebrated the opening of a 248-unit affordable housing building in the Tremont section of The Bronx. Park House is part of Breaking Ground’s larger plan to provide more affordable housing units in New York City. The 12-story building includes one, two, and three bedroom units, creating housing that is accessible to families […]…
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Race, Gender and Justice in Community Development: Reflections by Nancy O. Andrews
Today, with five years of hindsight, it’s fair to ask: What would we do differently? What would we add to our original vision? I can answer that without ambiguity: I would add racial and gender equity more thoroughly into our vision, our paradigm and our practice. Nancy O. Andrews, President and CEO of the […]…
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Congress: Continue to Invest in America’s Struggling Cities and Towns
The Hill published an op-ed co-signed by the CEOs of LIIF, Capital Impact Partners, Reinvestment Fund and IFF that calls on Congress to support and ensure full funding for the CDFI Fund, which is threatened despite a strong and unwavering financial and social track record. On average, CDFIs leverage every federal dollar with at least […]…
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