News Archives
2016
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Investments in NMTC Project Enhance Support for Affordable Senior Housing and Health Services
To-date, $79.3 million has been invested in the Site 6 development of Essex Crossing, which will offer 100 units of affordable housing for New York’s seniors. As reported by Affordable Housing Finance, seniors earning between $24,200 and $48,350 will be qualified for the residential units. The mixed-use development will also include a medical facility leased […]…
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LIIF Estimates $1 Trillion in Benefits from Administration Budget
LIIF Analysis Demonstrates High Social Return on Administration’s Budget Proposal A new analysis by the Low Income Investment Fund (LIIF) of the Obama Administration’s fiscal year (FY) 2017 budget estimates a yield of $860 billion in social benefits from the $150 billion investment the President proposes in new housing vouchers for homeless families, early childhood […]…
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Ensuring Affordability as Neighborhoods Transform
As community development increases throughout low-income neighborhoods, so do housing prices. Often, this trend displaces residents who were intended to benefit from socially-minded projects. How Housing Matters tackles the displacement conundrum in a new article, outlining the necessity of protecting and creating affordable housing in growing neighborhoods. Federally subsidized affordable housing units and the conversion […]…
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Housing Partnership Network Releases New Recommendations
Detailed in a new report, Lessons of the International Housing Partnership, Housing Partnership Network provides recommendations for enabling the expansion of affordable homes that will allow communities to thrive. The report distills lessons learned from exploring international exchanges, in addition to a series of American case studies. LIIF’s Capital Magnet Fund grant is featured in the report. […]…
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How the Community Reinvestment Act Became Diluted and Why We Should Take Note
The Community Reinvestment Act (CRA) was established in 1978 to address years of federally-enabled bank redlining, which isolated communities of color in the credit market — making it nearly impossible to receive mortgages on homes in African American neighborhoods. CRA required banks to reinvest in all communities they serve, an move that would aid historically overlooked communities. A new […]…
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Partners in Progress Gives Voice to Flushing, NY Residents
The Flushing 2050 Community Initiative began to take shape last month thanks to Partners in Progress (PIP), a collaboration created by Asian Americans for Equality and funded by LIIF and Citi Foundation. The community development support aims to increase economic progress in low-income communities such as Flushing, by fostering collaborating across sectors and stakeholders. Highlighted […]…
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Equity With a Twist Makes First Affordable Housing Investments
Equity with a Twist (EQT), a new social capital product developed by LIIF and JPMorgan Chase & Co., provides flexible, low-cost financing to support integrative, outcomes-driven solutions to poverty. Affordable Housing Finance highlights the scope of EQT’s $6 million pilot. In New Orleans, the Bayou District Foundation (BDF) will be one of the first nonprofits to […]…
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Sears Crosstown Project Creates Jobs, Emphasizes Diversity
The $200 million Sears Crosstown project has exceeded expectations to spend 25 percent of the project’s construction costs at firms led by minorities and women. To-date, 29 percent of the funds have been allocated to such construction firms, project leaders have revealed. More Information: Learn more about Crosstown’s diversity Read more about LIIF’s partnership on […]…
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New Social Capital Product Impacts New Orleans Neighborhood
In New Orleans, the Bayou District Foundation (BDF) will be one of the first nonprofits to participate in LIIF’s pilot of a new social capital product. Equity with a Twist (EQT) provides flexible, low-cost financing to support and incentivize integrative, outcomes-driven solutions to poverty. The $ 6 million pilot will also support BRIDGE Housing’s Potrero Terrace […]…
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Bayou District Foundation in New Orleans to Receive Equity With a Twist Financing
This week, LIIF and JPMorgan Chase & Co. announced a new way to invest in social change. Equity with a Twist (EQT) is a social capital product that provides flexible, low-cost financing to support and incentivize integrative, outcomes-driven solutions to poverty. In New Orleans, the Bayou District Foundation (BDF) will be one of the first […]…
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