News Archives
2013
-
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 -
The New Era of Public Innovation: Part II
In a recent op-ed published in the Huffington Post, Ben Thornley, Director of Pacific Community Ventures, outlined the links between ideas that emerged from the Schwab Foundation’s Social Innovation Summit and LIIF’s recently released publication, Investing in What Works for America’s Communities. Noting the need for evidence-based innovation, Mr. Thornley suggests the international development community […]…
Read the full story -
Fresh Food Hub Begins Construction on Broad Street
-
Groundbreaking for Healthy Food Hub in New Orleans
Construction started today on the ReFresh project, a healthy food hub that will bring retail, education, jobs and health programs to the Mid-City neighborhood of New Orleans. The Low Income Investment Fund (LIIF) joined New Orleans Mayor Mitch Landrieu and representatives from L+M Development Partners, Broad Community Connections and a host of community partners for a groundbreaking ceremony for ReFresh…
Read the full story -
Tax Credits Spur Investment in Distressed Communities
Last month, the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced the New Markets Tax Credit (NMTC) authority for investments totaling $3.5 billion to community development organizations nationwide. In a recent news column for HispanicBusiness.com, LIIF was featured as one of 85 organizations that received awards in the 2012 round …
Read the full story -
Modern-day Robin Hood applies business skills to philanthropy
In a new segment on 60 Minutes, Paul Tudor Jones, founder of the Robin Hood Foundation, shares his unique journey of establishing his charity and its focus on early education as one of its primary missions. The segment features a number of LIIF borrowers, including Part of the Solution and Uncommon Schools…
Read the full story -
LIIF Awarded $55 Million New Markets Tax Credit Allocation
Today, the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that the Low Income Investment Fund (LIIF) has been awarded $55 million in New Markets Tax Credit (NMTC) allocation. Nationally, the CDFI Fund awarded $3.5 billion in NMTC allocations to 85 organizations. This is LIIF’s sixth consecutive award and brings LIIF’s total NMTC […]…
Read the full story
