News Archives
2014
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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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Cesar Chavez Foundation Receives $9.9 million Loan from Mercy Loan Fund in Partnership with Low Income Investment Fund
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Nonprofit, Philanthropy and Banking Sectors Partner to Finance Health Center Growth
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LIIF & NYC HPD Partnership Reaches $200 Million for Affordable Housing
LIIF is pleased to have worked as a partner to the New York City Department of Housing Preservation and Development (HPD) to originate more than $200 million in financing for the construction or preservation of more than 1,000 affordable housing units throughout New York City…
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New Recommendations from the RWJF Commission to Build a Healthier America
The Robert Wood Johnson Foundation Commission to Build a Healthier America has released its ten recommendations aimed at improving the health of all Americans. LIIF President and CEO Nancy O. Andrews was among leading experts that offered insights and strategies the nation should take now to improve health.…
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