News Archives
2016
-
LIIF Receives $85 Million New Markets Tax Credit Award
The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund has awarded LIIF $85 million in New Markets Tax Credit (NMTC) allocation. In total, LIIF has been awarded $458 million in NMTCs since the program’s first allocation in 2007 to invest in high-impact projects that spur economic opportunity in low income communities. “From health clinics […]…
Read the full story -
Our Shared Future & Renewed Commitment
We each want an opportunity to live up to our full potential and for our children to live in a better, brighter future. The recent election has raised serious questions about how we fulfill this promise amid deep ideological divisions and growing economic and social inequality. At the Low Income Investment Fund (LIIF), we believe […]…
Read the full story -
Public Charter Schools as Partners in Tackling Segregation
Sixty-two years ago, the Supreme Court decision in the Brown case outlawed formal racial segregation in our nation’s public schools. Forty-eight years ago, the federal Fair Housing Act outlawed racial discrimination in housing. While much good has been accomplished in the intervening years, racial isolation in housing continues to plague many metropolitan areas. Historical redlining, […]…
Read the full story -
Public Charter Schools as Partners in Tackling Segregation
Sixty-two years ago, the Supreme Court decision in the Brown case outlawed formal racial segregation in our nation’s public schools. Forty-eight years ago, the federal Fair Housing Act outlawed racial discrimination in housing. While much good has been accomplished in the intervening years, racial isolation in housing continues to plague many metropolitan areas. Historical redlining, […]…
Read the full story -
LIIF Receives $50 Million through the Treasury’s Bond Guarantee Program
This week, Community Reinvestment Fund, USA (CRF) issued a $165 million bond in the fourth round of the US Treasury Department’s CDFI Bond Guarantee Program (BGP). LIIF is proud to receive $50 million during this round, which will support loans in many of our nation’s undeserved areas. “The CDFI Bond Guarantee Program has proven to fill a […]…
Read the full story -
CDFI Fund Awards $91.5 Million in Capital Magnet Funds
The Low Income Investment Fund (LIIF) is proud to announce it has received a $3.7 million award from the Community Development Financial Institutions (CDFI) Fund’s Capital Magnet Fund (CMF) Program. In 2010, LIIF was the largest CMF awardee and leveraged its $6 million award into $130 million in investments, a ratio of 20 to 1. […]…
Read the full story -
Preservation of Affordable Housing Completes West Side’s Newberry Park Renovations
Recently, the ribbon was cut on Newberry Park Apartments, a project in partnership with the Preservation of Affordable Housing (POAH). LIIF is proud to have supported efforts to create and preserve affordable housing options for residents of Chicago’s Near West Side. Newberry Park consists of 25 two-bedroom units, 48 three-bedroom units and 11 four-bedroom apartments. More Information: Read the article […]…
Read the full story -
Excelsior childcare provider buys their building
LIIF is proud to have supported efforts to help The Mission Child Care Consortium purchase it’s building in San Francisco. The long-standing organization is the city’s largest subsidized early education facility and provides bilingual care to more than 200 children. More Information: Read more about the project in SF Bay News Learn more about LIIF’s […]…
Read the full story -
Transit-Oriented Development: Setting the Bar and Incentives for Affordability
Exploring the innovative approaches California has taken to address issues of inequality through transit-oriented development, a new article by Shelterforce describes LIIF’s partnership with Enterprise Community Partners and the Center for Transit-Oriented Development that analyzed the value of equitable growth around transit. Additionally, Shelterforce emphasizes the importance and impact of transit investments in low-income communities. […]…
Read the full story -
Announcing SPARCC – A $90MM Investment in Creating Just and Equitable Places to Live
From New Orleans to Ferguson to Flint, our nation continues to grapple with finding common ground and creating communities that live up to the ideal of justice for all. Many of the decisions we have made about housing, education, the environment and health have created places and systems that have failed low income residents and […]…
Read the full story
