News Archives
2014
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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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Miami’s NW 79th Street Gets Funding
Neighborhood Housing Services of South Florida (NHSSF) will receive a $250,000 grant to spearhead the revitalization of the northwest 79th St Corridor of Miami-Dade as part of Partners in Progress (PIP), a new initiative created by Citi Foundation in partnership with LIIF…
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Key Food Sees Urban Market as Prototype
Opening in the South Williamsburg district of Brooklyn, Urban Market will be the neighborhood’s largest full-service grocery store in an area that has historically faced low access to healthy fresh food. LIIF provided a $1.5 million loan and $150,000 grant through…
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