News Archives
2013
-
Bay Area CDFI Institutions Receive Treasury Grants
LIIF was among several Bay Area lenders to receive grant awards as part of the Department of Treasury’s Community Development Finance Institution (CDFI) Fund 2013 Program round. The CDFI Fund announced more than $172 million to 191 organizations nationally, which included a total of five Bay Area based recipients. LIIF was awarded a total of $4.3 million in grant financing…
Read the full story -
CDT and LINC Housing Celebrate Ribbon Cutting for Pleasant View Apartments
LIIF joined in celebration with The Community Development Trust and LINC Housing Corporation to mark the completed construction of a new community center at Pleasant View Apartments in Fresno, California.LINC Housing Corporation, a California-based nonprofit affordable housing developer, used financing from LIIF in 2012 to acquire and preserve Pleasant View Apartments, a 60-unit affordable multifamily apartment complex. …
Read the full story -
What Works to Create Ladders of Opportunity?
Recently, President Obama and a small group of stakeholders from across the nation met to discuss how to increase economic mobility and opportunity for American families. The Low Income Investment Fund (LIIF), Neighborhood Centers Inc. and Skills for Chicagoland’s Future were honored to participate in this important dialogue at the White House. At that meeting, […]…
Read the full story -
Investing in What Works: Midwest Regional Meeting
On June 17, 2013, LIIF joined the Federal Reserve Banks of Chicago and San Francisco, the Citi Foundation, the John D. and Catherine T. MacArthur Foundation and the Center for Financial Services Innovation to host a discussion on ideas from the new publication, Investing in What Works for America’s Communities: Essays on People, Place & Purpose…
Read the full story -
Deutsche Bank and Enterprise Community Partners Announce Lowering the Cost of Housing Winners
Deutsche Bank Americas Foundation, Enterprise Community Partners and UPSTATE launched the Lowering the Cost of Housing Competition to draw out the most advanced thinking about design, policy, sustainability, and cost-effective building practices. LIIF’s Judi Kende was among seven judges of design professionals, sustainability and construction experts and financial and philanthropic institutions that selected the competition’s winners…
Read the full story -
LIIF’s Los Angeles Office Is Moving
As of July 29, 2013, the Low Income Investment Fund’s Los Angeles office will have a new address. All phone and fax numbers will remain the same. Please update your records with our new information…
Read the full story -
NMTCs Offer Fresh Start for Healthy Food Hub
The July issue of the Novogradac Journal of Tax Credits features a story about LIIF’s investment in a new community hub that is delivering fresh food to New Orleans’ Mid-City neighborhood. The ReFresh Project is an $18 million mixed-use, adaptive reuse project that will transform a vacant supermarket building into a healthy food hub…
Read the full story -
LIIF Testifies to RWJF Commission on Building Healthy Communities
Nancy O. Andrews, President and CEO of the Low Income Investment Fund (LIIF), testified to the Robert Wood Johnson Foundation (RWJF) Commission to Build a Healthier America on Wednesday, June 19 in Washington, D.C. Sharing innovative ideas on what works to support healthy neighborhoods and families and increase economic opportunity…
Read the full story -
Investing in the Health of Residents and a Community
In a recent blog post from the CDFI New Markets Tax Credit Alliance, David Flentge, President and CEO of Community Health Care (CHC), highlighted the role of New Markets Tax Credits (NMTCs) in financing the expansion of CHC’s health services in Tacoma, Washington. LIIF provided CHC with a $14.5 million allocation of NMTCs…
Read the full story -
More Awardees in Round 10 for Reauthorized NMTC Program
In April 2013, 85 community development entities (CDEs) were selected to receive $3.5 billion in tax credits under the tenth round of the New Markets Tax Credit (NMTC) program from the U.S. Department of the Treasury. Selected from 282 applicants that requested more than $21.9 billion, LIIF was awarded $55 million in NMTC allocation authority, bringing its total NMTC allocation to $265 million…
Read the full story
