News Archives
2014
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Round 11 NMTC Awardees Discuss Program’s Future, Plans for Allocations
The July issue of the Novogradac Journal of Tax Credits covers the announcement of the latest round of New Markets Tax Credit (NMTC) awards from the U.S. Treasury’s Community Development Financial Institutions Fund. Examining the program’s continued economic and financial success, Novogradac surveyed several NMTC awardees, including LIIF…
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LIIF Finances LINC Project with Newly Recapitalized LA County Housing Fund
With financing from LIIF, LINC Housing will build 63 units of affordable rental housing with 31 units set aside for formerly homeless households. LIIF provided the acquisition financing to LINC through the newly restructured Los Angeles County Housing Innovation Fund (LACHIF) II…
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California Takes Landmark Step for Climate Change and Community Investment
California Governor Jerry Brown signed a budget that for the first time includes long-term, committed funding for affordable housing near transit as a key strategy to combat climate change and address economic inequality…
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Community Organizations Create Holistic Approach to Poverty Reduction in Los Angeles
LIIF’s Partners in Progress (PIP) Initiative is working to transform distressed neighborhoods across the nation into places of opportunity. In a feature from Latin Post, three PIP grantee’s in Los Angeles, Youth Policy Institute, Little Tokyo Service Center, are featured as they work to create community driven change in neighborhoods…
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Monetizing Impact: Introducing LIIF’s Social Impact Calculator
LIIF announces the launch of its Social Impact Calculator, a first-of-its-kind tool to measure the impact of our investments at CGI America in Denver and SOCAP Health in New York City, two of the nation’s most important gatherings of social impact investors…
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Community Revitalization Efforts Receive $3.5 Billion in Tax Credits
Emphasizing the importance of New Market Tax Credits (NMTC) on economic recovery in distressed areas, the U.S. Department of the Treasury profiled several NMTC transactions across the country, including LIIF’s recent investment with St. Anthony Foundation in San Francisco…
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Promising News for the Environment and California’s Communities
The Low Income Investment Fund (LIIF) and Enterprise Community Partners proudly support the innovative, long-term plan for California’s investment in equitable transit-oriented communities announced by State Senate pro Tem Darrell Steinberg, State Senator Kevin de Leon and Los Angeles Mayor Eric Garcetti…
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$3.5 Billion in NMTCs Awarded
LIIF was selected as one of 87 organizations nationwide to receive an allocation of New Markets Tax Credit (NMTC) from the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. Affordable Housing Finance covered the announcement of the latest round of NMTC awards from the CDFI Fund and featured LIIF as one of the leading allocatees…
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LIIF Receives $48 Million New Markets Tax Credit Award
LIIF is proud to announce that it has been awarded its seventh consecutive New Markets Tax Credit allocation from the U.S. Treasury’s Community Development Financial Institutions Fund. As part of the Treasury’s 2013 round, LIIF was awarded $48 million in NMTC allocation authority…
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Partners in Progress: Initiative Creates One-Stop Shops for Needy Families
In a piece from Al Jazeera America, the success of the Partners in Progress (PIP) Initiative is profiled in communities across the country. Recently launched in partnership with the Citi Foundation, the PIP Initiative is supporting 13 organizations across the country in their work to spur economic progress in local communities…
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