News Archives
2018
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MTC Approves Funds to Help Preserve Multi-Family Affordable Housing
The Metropolitan Transportation Commission has committed $10 million to establish a new revolving loan fund known as the Bay Area Preservation Pilot Fund. When it’s launched later this year in partnership with LIIF and Enterprise Community Loan Fund, this $49 million fund will help nonprofit developers acquire and preserve multi-family, transit-accessible affordable housing in the […]…
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$3.5 Billion in NMTCs Awarded to Spur Economic Development
LIIF was one of 73 community development entities to receive a New Markets Tax Credit allocation from the CDFI Fund. Our $60 million allocation will allow us to continue investing in high-impact projects that spur economic opportunity in low income communities. Read more about the allocations in Affordable Housing Finance.…
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Mayor Muriel Bowser Details Plan for new Child Care Centers Across D.C.
LIIF has received a $9 million grant from Washington DC’s Office of the State Superintendent of Education to expand child care access in the city, with the goal of adding 1,000 new child care spots over the next three years. Learn more about this initiative.…
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Delancey Street Associates Opens First Building at Essex Crossing
Essex Crossing will bring affordable housing for seniors and families to Manhattan’s Lower East Side, while keeping health, job training and community services in the neighborhood. The ribbon-cutting ceremony was a homecoming for some once-displaced residents, and a celebration of the opening of one of New York City’s largest urban redevelopment projects. Learn more about the […]…
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Mayor Bowser Kicks Off Education Week, Announces Major Child Care Expansion by Administration
LIIF received a grant from the Washington, DC Office of the State Superintendent of Education for the Access to Quality Child Care Program. This innovative program enables LIIF to merge our track record of investing in high-need neighborhoods in the District with our successful early childhood education programs, while creating 1,000 child care seats for […]…
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How the Mission District Took Equitable Development Into Its Own Hands
Since the 1940s, San Francisco’s Mission District has been known as a port of entry for multiple waves of immigrants, especially from Latin America. But, since 2000, the Mission has seen thousands of Latino families forced out of the Mission due to rising rents. Unlike other buyers of other buildings with low-income tenants or businesses […]…
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Massive Memphis ‘Vertical Urban Village’ a Huge Hit
Built in 1927, the historic Sears Roebuck & Co. distribution center closed in 1993, and sat unused in the Crosstown neighborhood of Memphis, TN for more than 20 years. The 933,000-square-foot building was preserved and redeveloped, and opened in 2017 as Crosstown Concourse, a highly integrated, mixed-use facility, anchored by arts, education and healthcare tenants, […]…
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Daniel A. Nissenbaum Named President and CEO of the Low Income Investment Fund
The Low Income Investment Fund (LIIF), one of the largest investors in low-income neighborhoods throughout the U.S., today announced that it has named Daniel A. Nissenbaum, a longtime LIIF board member and Goldman Sachs executive, as its new President and Chief Executive Officer. Nissenbaum will succeed Nancy O. Andrews who announced last summer that she […]…
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Building’s New ‘Communal’ Model: Homes for Families, Mission Dance Company
A former furniture store that’s been sitting vacant in San Francisco’s Mission District will be a model of cooperative living for homeowners, a child care provider, and a local dance group. The project will bring about 40 affordable units to families at risk of displacement, will provide a new home for Dance Mission Theater and […]…
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Bringing Affordable Housing and Child Care to San Francisco’s Mission District
The Mission Economic Development Agency (MEDA) and LIIF are partnering on their first project together to bring affordable housing, child care, and arts space to a currently vacant building in San Francisco’s Mission District. This project will keep families at risk of displacement in the neighborhood and will bring more high-quality child care to the […]…
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