News Archives
2011
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CDFI Fund Awards LIIF $3 Million for Healthy Food Financing
Today, the Low Income Investment Fund (LIIF) received a $3 million award from the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. LIIF was one of only 12 organizations nationally to receive an award. LIIF will use the funds to further its work to increase access to nutritious and healthy food in low income and […]…
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Oakland’s Garden Center Corps tends a new garden
New Frontier, the magazine of the Salvation Army Western Territory, highlighted the community garden being built at the Booth Child Development Center. LIIF’s Child Care Facilities Fund in Alameda County, a program supported by Every Child Counts/First 5 Alameda County, provided the Booth Center with grants to improve its classrooms and outdoor play area as […]…
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NMTCs Expand Bronx Charter School
“The [NMTC] program provides a way for the school to finance its dream building,” said Priscilla Forsyth, vice president of Lighthouse Academies’ New York region. LIIF partnered with Chase to enable Bronx Lighthouse Charter School to build a brand new high school building using the New Markets Tax Credit program. The school currently serves 535 […]…
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PACC Assists Distressed Building in Prospect Lefferts Gardens
LIIF provided financing to Pratt Area Community Council (PACC) to support the renovation of a 71-unit affordable housing development in Brooklyn. The project utilized New York City’s Third Party Transfer Program and Preservation Participatory Loan Program (PLP) to provide PACC with affordable financing. Read more from the .…
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LIIF Awarded $1.5 Million from US Treasury’s CDFI Fund
LIIF received a $1.5 million award from the US Treasury’s Community Development Financial Institutions (CDFI) Fund. The support from the CDFI Fund will enable LIIF to invest in distressed communities and provide support to low-income families across the country. This year, the CDFI Fund gave $142 million to 155 CDFIs through its annual competitive award […]…
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Decade of Data Shows Charter Schools’ Strong Borrowing Record and Links School and Loan Performance
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Charter Schools Earn High Marks for Loan Performance
While it’s a tricky proposition to make a blanket statement about the credit quality of any sector within the municipal bond market, a recent study has determined that charter schools appear to demonstrate strong loan performance. Read more:…
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Seeing Rental Housing as a Social Service Platform
The “Mortgage Daily News” reviewed the conversations from the “Informing the Next Generation of Rental Housing Policy” conference held last October at the White House by the Departments of Agriculture, Treasury, and HUD. The article prominently features LIIF President and CEO Nancy Andrews’ proposal for using affordable housing as a platform for children’s health.…
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Lending to Charter Schools Pays Off
Maria Sazon, Senior Director, Facilities Initiatives, at the National Alliance for Charter Schools posted this blog piece about, “A Decade of Results: Charter School Loan and Operating Performance.” The study was conducted by Ernst & Young and looked at $1.2 billion in loans issued to charter schools over 10 years. The study was supported by […]…
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Informing the Next Generation of Rental Housing Policy
The latest issue of HUD’s “Evidence Matters” publication features LIIF CEO & President Nancy O. Andrews’ concept for “children’s healthy start vouchers.” These vouchers could link affordable rental housing with programs to support better life outcomes for low-income children. An excerpt is included below. Excerpt: The Platform That Delivers: Rental Housing + Children Nancy O. […]…
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