News Archives
2016
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A Million Square Feet of Opportunity
In Memphis, Crosstown Arts is revitalizing a historic Sears building into a vertical urban village using arts as a catalyst for community change. …
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LIIF Provides $10 Million NMTC Allocation to DC Community Hub
The Low Income Investment Fund has provided a $10 million allocation of New Markets Tax Credits to Town Hall Education Arts Recreation Campus (THEARC), a cultural, educational and social services center located in southeast Washington. The contribution is part of $32.3 million in total financing led by SunTrust Banks, Inc. and in partnership with Enterprise. […]…
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Week of the Young Child
This week, the Low Income Investment Fund (LIIF) joins all of San Francisco in celebrating Week of the Young Child. For more than 20 years, LIIF has invested directly in early care and education as a pathway to opportunity for low income families. LIIF uses capital, capacity building and public advocacy to support the improvement […]…
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Avondale-Meadows Project Brings Healthy Food Into Indianapolis Community
LIIF partnered with Purpose Built Communities, The Meadows Community Foundation, and Strategic Capital Partners to provide $1 million for the construction of a retail space for affordable food as part of a holistic approach to creating healthier communities. The Avondale-Meadows project recently broke ground in Indianapolis, Indiana and will support healthier, more prosperous lives for […]…
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How Can We Give Children the Best Chance to Succeed?
Sometimes health investments are hidden in plain sight. LIIF President & CEO, Nancy O. Andrews, released a new blog post describing how LIIF came to discover its role in promoting community health and how we continue to find innovative ways to partner with the health sector. “Reflecting on where we’ve been, we should now be convinced that […]…
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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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