News Archives
2016
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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 […]…
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Triangle Plaza Hub Opens, Provides South Bronx Families Access to Nutritious Food and Other Services
Last week, Triangle Plaza Hub officially opened its doors to South Bronx residents. As covered in the Bronx Times, the new development is now home to Fine Fare supermarket, Metropolitan College of New York, Brightpoint Health, DaVit Dialysis Center and Vistasite Eye Care among other retail and service providers. In addition to a $10 million […]…
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New Markets Tax Credits Strengthen New Orleans Community
A longstanding community services center located in a New Orleans community continuing to recover the aftermath of Hurricane Katrina, Kingsley House was recently featured in the Novogradac Journal of Tax Credits. Serving more than 500,000 since its opening, Kingsley House hosts an array of services including Head Start and Early Head Start programs for infants […]…
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Celebrations Commence at New South Bronx Community Hub
A crowd gathered last week to celebrate the grand opening of Triangle Plaza Hub, a development that now provides access to nutritious food, health services and educational opportunities to residents of New York’s South Bronx community. Anchored by Fine Fare supermarket, the grocer will bring healthy, affordable food to one of New York’s largest food […]…
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Celebrations Commence at New South Bronx Community Hub
A crowd gathered last week to celebrate the grand opening of Triangle Plaza Hub, a development that now provides access to nutritious food, health services and educational opportunities to residents of New York’s South Bronx community. Anchored by Fine Fare supermarket, the grocer will bring healthy, affordable food to one of New York’s largest food […]…
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Triangle Plaza Hub Eager to Serve Community In South Bronx Neighborhood
Last week’s ribbon cutting at Triangle Plaza Hub signaled the official opening of a new mixed-use development that will provide South Bronx residents with much-needed access to affordable food, medical services, and retail options. LIIF is proud to have allocated $10 million in New Market Tax Credits and provided a $5.75 million leverage loan to […]…
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LIIF Investment Expands Affordable Housing in Charlotte Suburb
Partnering with the NHP Foundation, JLL Capital Markets and Fannie Mae, LIIF is proud to have supported the purchase of The Pines at Carolina Place which will provide North Carolinian families with much-needed access to affordable housing. Located in an area that has experienced tremendous population and job growth, The Pines apartments are situated next […]…
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LIIF Partner, Mercy Loan Fund, Reaches $2 Billion Leveraged in Development Costs
Mercy Loan Fund recently announced that they have surpassed $2 billion leveraged in development costs on numerous high-impact projects, including those like Adobe Communities, a partnership with the Low Income Investment Fund (LIIF). To learn more about the impact of Mercy’s investments and their collaboration with LIIF, read more in Affordable Housing Finance. More Information: […]…
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Can you tackle poverty without taking on place?
In a new article from Urban Institute, the organization offers evidence-based ideas on the importance of place when combating the effects of poverty. Where you come from has a deep and lasting impact on your ability to achieve the American Dream of upward economic mobility. What can be done about it? A series of antipoverty policies can […]…
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CDFIs Brief Congress on Innovative Community Investment Solutions
On May 12, community development leaders met on Capitol Hill in briefings of staff to Members of the U.S. Senate and House of Representatives on the critical role that community development financial institutions (CDFIs) play in connecting low income communities with the capital markets. Bi-partisan co-sponsors, Congressman Jose Serrano and Congressman Robert Dold, supported a […]…
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