News Archives
2015
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In Memphis, New Markets Tax Credits Spur Economic Development
LIIF joined Annie Donovan, Director of the Community Development Financial Institutions (CDFI) Fund to celebrate the groundbreaking of the historic Sears Crosstown building in Memphis, TN. The project was featured in a new post on the U.S. Treasury Departments’ Treasury Notes blog…
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Watt to Face Financial Services Committee
A new article from Affordable Housing Finance highlights the scheduled testimony of FHFA Director Mel Watts to the House Financial Services Committee on the strategic plans for supporting the CMF and National Housing Trust Fund…
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Capital Magnet Fund Creates “Bang for the Buck” in Affordable Housing
In an op-ed published in The Hill, Nancy O. Andrews, LIIF’s President and CEO, joined the leaders of The Reinvestment Fund, IFF and Capital Impact Partners to highlight the effectiveness and impact of the Capital Magnet Fund (CMF). CMF has led to more than $1 billion invested in affordable housing and economic development projects in […]…
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Capital Magnet Fund: A Smart Solution for Affordable Housing
LIIF joins with the leaders of Capital Impact Partners, IFF and The Reinvestment Fund to explain the importance of Capital Magnet Fund and its impact on low income American families …
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Major Construction Project Brings New Landmark to South LA
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Crosstown Project Secures $200M Financing; Announces New Name; Holds Groundbreaking Celebration
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LIIF Participates in 2015 Citi Leadership Program for Opportunity Finance
LIIF is proud to announce that Cecile Chalifour, Director of California Region, has been selected as one of 48 Community Development Financial Institution (CDFI) professionals to take part in the Citi Leadership Program for Opportunity Finance.…
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Foodlink Opens “Stop One Meat Market” on Jay Street
Residents in the Josana neighborhood of Rochester, NY celebrated the recent opening of new community store that will offer access to fresh, affordable and nutritious foods. The store is the first to be revitalized as part of Foodlink’s Community Store Initiative, which aims to assist corner stores to stock and promote more healthful foods…
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A New Testament of Hope
Last month, Darren Walker, President of the Ford Foundation, reflected on the parallels between Dr. Martin Luther King, Jr.’s “testament of hope” and the present-day demonstrations spurred by the recent killings of young men of color by police. In the wake of this violence, Walker calls for a new testament of hope and a commitment to the fierce optimism required to sustain social justice work…
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Fannie Mae and Freddie Mac to Fork Over Cash That Keeps on Giving
The national urban affairs magazine Next City highlighted the Federal Housing Finance Agency’s (FHFA) recent decision to reinstate funding for the Capital Magnet Fund. Launched in 2010, the Capital Magnet Fund program provides flexible, affordable financing to support the preservation, rehabilitation and construction of affordable housing in low income communities…
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