News Archives
2015
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Joint Statement on the HUD Pay-for-Success Demonstration in the Transit Bill
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LIIF Funds New Affordable Child Care Center in Berkeley
This past September, Nia House in Berkeley celebrated their grand re-opening with a new and expanded facility financed by LIIF. …
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U.S. Chamber of Commerce Foundation Recognizes Partners in Progress
Yesterday, the U.S. Chamber of Commerce Foundation named the Partners in Progress Initiative as the winner of a 2015 Corporate Citizenship Award in the category of Best Community Improvement Program. The initiative, a partnership between Citi Foundation and the Low Income Investment Fund, was recognized for its support of 14 organizations that are confronting “complex […]…
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LIIF and Partners Win Novogradac Award for Sears Crosstown Project
The Low Income Investment Fund has been named the winner of the 2015 Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards in the Real Estate category. The awards recognize community development entities (CDEs) that made exceptional qualified low-income community investments (QLICIs) in the past year. Winners will be honored Oct. 21 […]…
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The Architecture of Segregation
The New York Times Editorial Board recently published a piece called The Architecture of Segregation, describing the racial and economic divides we see in this country that are a direct consequence of federal, state and local housing policies. The piece highlights new HUD regulations and a major Supreme Court ruling on the Fair Housing Act […]…
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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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