News Archives
2020
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First Loan Closed in Atlanta TOD Fund to Combat Displacement
LIIF recently closed the first loan in the $15 million Atlanta Equitable Transit-Oriented Development (TOD) Fund – a partnership with the development authority (Invest Atlanta) and Enterprise Community Loan Fund. The fund was created in December 2019 to support the City’s efforts in creating 24,000 affordable units. LIIF provided a $2.625 million loan alongside a […]…
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Permanently Affordable Housing as Anti-Displacement Tool in Oakland
LIIF and partners recently provided $1.8 million to the Northern California Land Trust (NCLT) for the acquisition and rehabilitation of a 16-unit apartment building in Oakland, CA to ensure long-term affordability and wealth building opportunities for residents. The investment includes $667,000 from the Bay Area Preservation Pilot (BAPP), $933,000 from SPARCC and a $200,000 capital […]…
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LIIF & Partners Launch City of LA COVID-19 Child Care Provider Grant Program
Today, LIIF and partners launched a grant program for licensed family child care homes and centers impacted by the pandemic in the city of L.A. LIIF will administer the program in partnership with the City of Los Angeles, Economic & Workforce Development Department (EWDD), the City’s BusinessSource Centers and local early care and education agencies. […]…
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New Effort to Raise $1 Billion for Affordable Housing Nationwide
A group of nonprofit organizations and financial institutions has launched a campaign to raise $1 billion in an effort to help provide affordable housing for low-income families and communities of color. Read more in Next City.…
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Inside the $1 Billion Bid to Rescue Affordable Housing
A new partnership between housing groups aims to give nonprofit developers the resources they need to preserve affordable apartments. Read more about our joint venture with SAHF and NAHT in CityLab.…
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Tackling the Affordable Housing Crisis
LIIF, SAHF and NAHT today announced a joint venture that aims to raise $1 billion within the first five years to build, protect, and preserve approximately 10,000 affordable homes across the country. Read our joint piece in Affordable Housing Finance.…
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New Affordable Housing Partnership to Tackle Economic, Health and Racial Inequity Crises in Wake of Pandemic
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LIIF, SAHF & NAHT Announce New Affordable Housing Partnership
Innovative Joint Venture Aims to Invest $1 Billion Nationwide in First Five Years As tens of millions of people face eviction across the country, the Low Income Investment Fund (LIIF), Stewards of Affordable Housing for the Future (SAHF), and National Affordable Housing Trust (NAHT) today announced a new partnership intended to assist low-income families and […]…
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Announcing Our Commitment to Drive $5 Billion to Advance Racial Equity
Today, we are excited to announce a commitment to drive $5 billion in investments over the next decade to advance racial equity. This goal will guide our work as we seek to help build communities of opportunity, equity and well-being across the nation. To launch this effort, LIIF has developed a strategic plan which charts […]…
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Statement from the Low Income Investment Fund on the Federal Reserve’s Approach to CRA Modernization
On September 21, 2020 the Federal Reserve Board unanimously voted to issue an advance notice of proposed rulemaking (ANPR) to collect public comments on proposed changes to the Community Reinvestment Act (CRA). LIIF CEO Daniel A. Nissenbaum issued the following statement in response to the Federal Reserve’s proposal: “As a community development financial institution (CDFI) […]…
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