News Archives
2015
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LIIF Receives $1.65 Million Financial Assistance Award from the CDFI Fund
Yesterday, the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that the Low Income Investment Fund (LIIF) has been awarded $1.65 million in Financial Assistance (FA) through it’s CDFI Program. As part of the Treasury’s 2015 round, LIIF was one of only 195 community development organizations nationwide to receive funding. The award marks […]…
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America’s Biggest Problem Is Concentrated Poverty, Not Inequality
A new piece by Richard Florida in CityLab argues that the growth of concentrated poverty in the United States is a far bigger problem than income inequality. He points to a recent study from the Century Foundation revealing that the number of people living in concentrated poverty has nearly doubled from 7.2 million in 2000 to 13.8 million […]…
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LIIF and Deutsche Bank Partner to Support Expansion of Universal Pre-K in NYC
The Low Income Investment Fund (LIIF) is pleased to announce the kick-off of a new partnership with the Deutsche Bank Americas Foundation to support universal prekindergarten (pre-K) expansion in New York City. The $250,000 Deutsche Bank Pre-K Capacity Fund provides bridge financing to community-based pre-K providers to renovate and build out their facilities in advance […]…
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LIIF and Partners Publish New Report on Pay for Success and Housing Mobility
The Low Income Investment Fund (LIIF) joined with researchers from the Johns Hopkins School of Medicine, the Urban Institute, and the Poverty & Race Research Action Council (PRRAC) to publish Leveraging the Power of Place: Using Pay for Success to Support Housing Mobility through the Federal Reserve Bank of San Francisco’s Community Development Investment Center […]…
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Disarming the Affordable Housing Debate
A new piece by Urban Institute’s Margery Austin Turner and Solomon Greene answers the question “where should a poor family live?” In response to an op-ed in the New York Times by columnist Thomas Edsall, the authors explore the tension between investing in low-income communities, versus creating opportunities for poor people to live in wealthier […]…
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Bipartisan House Bill Would Authorize HUD Pay-For-Success Demonstration
Today, LIIF joined Enterprise Community Partners and the Stewards for Affordable Housing for the Future to applaud Representatives Dennis Ross (R-FL-15), Emanuel Cleaver (D-MO-5) and Jim Himes (D-CT-3) for introducing the Private Investment in Housing Act…
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Metropolitan Transportation Commission Approves $10 Million New Investment in Bay Area Transit-Oriented Affordable Housing Fund
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The Gregory Jackson Center for Brownsville: A Community Hub Opens Its Doors
On June 26th, LIIF joined Community Solutions for the the opening of The Gregory Jackson Center for Brownsville in Brownsville, Brooklyn. The 13,800-square-foot Gregory Jackson Center will serve as a multi-service community facility…
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LIIF Applauds Supreme Court Ruling to Combat Housing Discrimination
The U.S. Supreme Court announced today that a key anti-discrimination provision under the landmark Fair Housing Act will be upheld, marking a significant victory for civil rights and housing advocates. LIIF applauds the Supreme Court’s decision to recognize disparate impact claims and the important role they play in promoting fairness and inclusion in American communities…
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LIIF Receives $60 Million New Markets Tax Credit Award
Today, the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that the Low Income Investment Fund (LIIF) has been awarded $60 million in New Markets Tax Credit (NMTC) allocation. As part of the Treasury’s 2014 round, LIIF was one of only 76 community development organizations nationwide to receive funding. The award marks LIIF’s […]…
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