News Archives
2019
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A New ‘Sustainability Bond’ Got 10 Times the Investor Interest It Needed
The Low Income Investment Fund, a San Francisco-based nonprofit, met with 10 times the investment interest it needed to float a $100 million “sustainability” bond last week, indicating strong demand for such bonds. LIIF will use the proceeds to support community development projects. Read more in Barron’s.…
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LIIF Reaches $50 Million of Investment in the South
Two years after opening an office in Atlanta, we’re proud to celebrate the deployment of $50 million in affordable housing, K-12 schools, early care and education, health clinics and community facilities across the South. LIIF has provided financing to community development projects in this region since 2001, but began a more concerted effort to increase […]…
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$100 Million in Sustainable Bonds for Social Impact: Announcing LIIF’s First Bond Issuance
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New Life for a Building, New Optimism for a City
The People’s Bank Building, in Passaic, NJ was constructed during the Great Depression and is a designated historic landmark. For 20 years, the 12-story building sat vacant. With no preventative upkeep, it had been damaged by exposure to rain and winds, and a stream that ran under the building had flooded the basement. Today, the Art […]…
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LIIF Comments on Opportunity Zone Data Collection
On May 31, 2019, LIIF submitted a comment letter to the Department of Treasury in response to the agency’s request for information (RFI) on data collection and tracking for Qualified Opportunity Zones. Based on LIIF’s more than 35 years of experience as an intermediary dedicated to transforming low-income communities, we enthusiastically support strong data collection […]…
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New Excelsior Family Connections Center Opens On Mission Street
More children and families will have access to education programs with the opening of Excelsior Family Connections. The Excelsior neighborhood facility offers services ranging from financial literacy and parenting classes to preschool and adult education classes. Read more in the San Francisco Chronicle.…
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Why is Creating More Child Care Centers So Hard?
The need for more quality child care spaces in California is staggering – it’s estimated that four million kids need care, but less than one million spaces exist statewide. Why is building new child care facilities so challenging? Learn more from KQED.…
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Low Income Investment Fund Announces Promotion of Kimberly Latimer-Nelligan to President
Key Executive’s Elevation Enhances Capacity and Positions LIIF for Growth San Francisco, Calif. – The Low Income Investment Fund (LIIF) has announced the promotion of Kimberly Latimer-Nelligan to the role of President. Daniel A. Nissenbaum will retain the CEO role, working with LIIF’s board of directors to develop the vision, industry leadership and strategic direction […]…
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GoATL Fund Backs LIIF’s Charter School Finance Program in Atlanta
GoATL, the impact investment fund of Community Foundation for Greater Atlanta, has invested $1 million into the Low Income Investment Fund to create a financing vehicle for earlier stage charter schools in Atlanta’s lower income communities. The U.S. Department of Education also provided funding. This flexible, long term capital will support emerging charter schools with proven leadership […]…
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Community Foundation for Greater Atlanta’s GoATL Fund Invests $1 Million in Local Education
The Community Foundation for Greater Atlanta’s impact investment fund, the GoATL Fund, recently closed a new $1 million investment for the Low Income Investment Fund (LIIF) to launch a new program to finance high-potential, early-stage charter schools in metro Atlanta’s lower income communities. Together with funding from the U.S. Department of Education, GoATL’s investment will […]…
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