News Archives
2013
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California Acquisition Fund Launches
The launch of the Golden State Acquisition Fund (GSAF), recently featured in Affordable Housing Finance, will provide flexible acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing throughout California. LIIF, along with six partner CDFIs, recently debuted the new $93 million GSAF program to support…
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CDFI Response to Superstorm Sandy
In October 2012, Superstorm Sandy ravaged the East Coast, destroying homes, ruining local businesses and causing an estimated $60 billion in damages. For many of the families and businesses hardest hit by the storm, recovery meant undertaking longer term, larger scale rebuilding. With decades of expertise in helping small businesses and communities with economic development, CDFIs emerged as a pivotal player in the disaster relief efforts, filling the gap between the initial relief and longer term rebuilding efforts…
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Searching for the Silver Lining in Financing Equitable TOD
Over the past two decades, transit-oriented development (TOD) has emerged as a powerful tool for creating liveable communities that integrate affordable housing and community services with accessible transportation. More recently, the approach of equitable TOD has been gaining greater attention from leading voices in the affordable housing and TOD fields…
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$93 Million Golden State Acquisition Fund Launches to Support Affordable Housing Statewide
We are pleased to announce the launch of the Golden State Acquisition Fund (GSAF), a new program available to developers of affordable housing in California. The $93 million program provides acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing statewide. Developers can access financing for […]…
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New Hope in the New Year for Sandy-Affected Businesses
In a recent op-ed published in the Huffington Post, Mark Pinsky, President and CEO of Opportunity Finance Network, highlights the response of the CDFI industry in the devastating wake of Hurricane Sandy. Bringing attention to a number of projects that are helping to rebuild small businesses, healthy food providers, charter schools, low-income housing and community facilities, Mr. Pinsky places the spotlight on the key role of CDFIs — a common vision of making a difference for low income communities and people…
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Breaking Ground On St. Anthony’s New Dining Room & Mercy Housing Senior Center
2012
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Rebuilding Sandy-Afflicted Neighborhoods With Healthy Food Options
The lack of access to affordable, nutritious, and fresh foods remains a persistent problem as many parts of New York City and surrounding communities continue relief efforts in the wake of Hurricane Sandy. In a recent op-ed on The Huffington Post, Karen Karp, President of Karp Resources, highlights the need to confront the already-strained healthy food supply that has been further depleted by Hurricane Sandy…
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Bank of America Funds $20 Million Investment to Support Hurricane Sandy Rebuilding Efforts
LIIF is among 13 community development financial institutions (CDFIs) to receive funding from Bank of America to provide financing for small businesses and residents affected by Hurricane Sandy. Bank of America is committing $20 million in low cost financing to CDFIs through this initiative. As communities devastated by the storm move from relief to recovery […]…
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Bay Area TOAH Fund Recognized by EPA for Smart Growth Achievement
The Bay Area Transit-Oriented Affordable Housing Fund (TOAH Fund) is among seven projects from across the country to be recognized by the U.S. Environmental Protection Agency (EPA) for the 2012 National Award for Smart Growth Achievement. The TOAH Fund received an honorable mention in the Programs and Policies category for its…
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Public Charter Schools Grow Beyond ABCs with NMTCs
The December issue of the Novogradac Journal of Tax Credits features an article discussing how NMTCs are used in the charter school sector.…
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