News Archives
2015
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LIIF Invests in Clinton Hill Site Designated for Affordable Housing
Clinton Hill, Brooklyn will soon see the construction of an affordable housing building as part of an ongoing Brooklyn Heights Library redevelopment project. LIIF provided an $11.1 million acquisition loan to Hudson Companies for the purchased a 25,000-square-foot site which will accommodate 78 residential units. In addition, a public library branch will be located on site. […]…
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LIIF’s Investment Creates Affordable Senior Housing and Community Space in New York
LIIF supported Delancey Street Associates’ with a $6 million construction loan to finance the Essex Crossing development in New York’s Lower East Side. The site also received a $12 million New Markets Tax Credits allocation. Once completed, the mixed-use building will accommodate 100 affordable senior-living apartments, in addition to space designated for nonprofit, community, and medical facility […]…
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Research on Housing Mobility, Co-Authored by LIIF and Partners, Garners Attention from the Philanthropy World
Earlier this fall, a working paper co-authored by LIIF, the Poverty & Race Research Action Council, the Urban Institute, and Johns Hopkins School of Medicine shed light on a new financing tool that could help individuals from high-poverty areas move to more affluent neighborhoods – a strategy which has shown improvements in educational, economic and […]…
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196 Countries Approve Historic Climate Agreement
After a 13 day convening in Paris, with nearly 200 countries across the globe in attendance, world leaders have settled on an agreement that incentivizes the use of clean energy to combat climate change. The deal aims to limit the rise in global temperatures to 2 degrees Celsius or less, and calls for cooperation among […]…
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LIIF Launches Updated Social Impact Calculator 2.0
Today, LIIF is pleased to announce the launch of the Social Impact Calculator 2.0. The calculator’s new features include the ability to calculate an internal rate of social return, select from different social discount rates, analyze multiple areas of impact for a single project and assess cumulative impact across several projects.…
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Joint Statement on the HUD Pay-for-Success Demonstration in the Transit Bill
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LIIF Funds New Affordable Child Care Center in Berkeley
This past September, Nia House in Berkeley celebrated their grand re-opening with a new and expanded facility financed by LIIF. …
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U.S. Chamber of Commerce Foundation Recognizes Partners in Progress
Yesterday, the U.S. Chamber of Commerce Foundation named the Partners in Progress Initiative as the winner of a 2015 Corporate Citizenship Award in the category of Best Community Improvement Program. The initiative, a partnership between Citi Foundation and the Low Income Investment Fund, was recognized for its support of 14 organizations that are confronting “complex […]…
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LIIF and Partners Win Novogradac Award for Sears Crosstown Project
The Low Income Investment Fund has been named the winner of the 2015 Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards in the Real Estate category. The awards recognize community development entities (CDEs) that made exceptional qualified low-income community investments (QLICIs) in the past year. Winners will be honored Oct. 21 […]…
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The Architecture of Segregation
The New York Times Editorial Board recently published a piece called The Architecture of Segregation, describing the racial and economic divides we see in this country that are a direct consequence of federal, state and local housing policies. The piece highlights new HUD regulations and a major Supreme Court ruling on the Fair Housing Act […]…
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