News Archives
2014
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LIIF Receives $48 Million New Markets Tax Credit Award
LIIF is proud to announce that it has been awarded its seventh consecutive New Markets Tax Credit allocation from the U.S. Treasury’s Community Development Financial Institutions Fund. As part of the Treasury’s 2013 round, LIIF was awarded $48 million in NMTC allocation authority…
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Partners in Progress: Initiative Creates One-Stop Shops for Needy Families
In a piece from Al Jazeera America, the success of the Partners in Progress (PIP) Initiative is profiled in communities across the country. Recently launched in partnership with the Citi Foundation, the PIP Initiative is supporting 13 organizations across the country in their work to spur economic progress in local communities…
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California HR Experts’ Group Announces Support for FAMILY Act
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How Can We Better Connect Low-Income People to Opportunity
LIIF and Enterprise have partnered with the Living Cities’ “Connect” Initiative to explore the state of equitable transit-oriented development (equitable TOD) activities in four regions across the U.S. In a new post from Living Cities’ blog The Catalyst, emerging equitable TOD strategies are explored as part of the new initiative…
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Increasing Opportunities for Latino Boys and Men
Opportunity Finance Network (OFN), a national network of community development financial institutions, has recently announced a $1 billion dollar Youth Opportunity Pledge in support of President Obama’s My Brother’s Keeper Initiative. LIIF is proud to have joined with OFN in their Youth Opportunity Pledge, which promises CDFI financing to support youth of color nationwide…
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The California Department of Housing and Community Development Announces Full Deployment of Golden State Acquisition Fund
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The Fed Is Right to Worry About ‘Kitchen-Table Economics’
A Time article about Federal Reserve Board Chair Janet Yellen’s keynote at the 2014 National Interagency Community Reinvestment Conference discussed the Chair’s effort to draw attention to the Fed System’s community development activities. The piece highlights the partnerships undertaken by regional banks as another strategy to improve regional economies, including the Federal Reserve Bank of […]…
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Mercy Loan Fund Provides Cesar Chavez Foundation $9.9 Million Loan
LIIF, in partnership with Mercy Loan Fund, provided $9.9 million in acquisition financing to enable the Cesar Chavez Foundation (CCF), an experienced nonprofit housing developer, to acquire 280 units of affordable housing in Dallas, Texas. The property, The Park at Cliff Creek, will be preserved for more than 500 low-income residents at or below 60 […]…
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Interim Impact Assessment for Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has released its interim impact assessment of the Capital Magnet Fund’s (CMF) inaugural round of 23 grant awardees. The report finds that the inaugural CMF awardees, including LIIF, have collectively disbursed over $62.3 million in financing to support over 7,00 affordable homes…
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Financiers Bet on Primary Care Growth
To support the growing healthcare needs of low-income communities, LIIF has joined the Goldman Sachs Urban Investment Group, The Kresge Foundation, Primary Care Development Corporation , Rockefeller Foundation and The Reinvestment Fund in a national partnership to finance the expansion of community health centers. Crain’s Health Pulse, a daily newsletter on the business of healthcare, recently featured the national partnership…
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