News Archives
2012
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Bank of America Funds $20 Million Investment to Support Hurricane Sandy Rebuilding Efforts
LIIF is among 13 community development financial institutions (CDFIs) to receive funding from Bank of America to provide financing for small businesses and residents affected by Hurricane Sandy. Bank of America is committing $20 million in low cost financing to CDFIs through this initiative. As communities devastated by the storm move from relief to recovery […]…
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Bay Area TOAH Fund Recognized by EPA for Smart Growth Achievement
The Bay Area Transit-Oriented Affordable Housing Fund (TOAH Fund) is among seven projects from across the country to be recognized by the U.S. Environmental Protection Agency (EPA) for the 2012 National Award for Smart Growth Achievement. The TOAH Fund received an honorable mention in the Programs and Policies category for its…
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Public Charter Schools Grow Beyond ABCs with NMTCs
The December issue of the Novogradac Journal of Tax Credits features an article discussing how NMTCs are used in the charter school sector.…
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NMTCs Fund School Purchase, Keep More Dollars in Classroom
The November issue of the Novogradac Journal of Tax Credits features a story about LIIF’s investment in the development of a campus for high-performing charter schools in Los Angeles, CA. Green Dot Public Schools is a leading charter management organization in Los Angeles with 18 schools that serve 8,300 students, 94% of whom are low income. The project was funded through the JPMorgan Chase NMTC Fund for High-Performing Charter Schools…
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LIIF Commits $1 Million to Communities Affected by Sandy
The Low Income Investment Fund’s (LIIF’s) thoughts and concerns are with the people and communities affected by Hurricane Sandy. To support recovery efforts, LIIF is committing $1 million to ensure that those hardest hit by the storm have access to food and much needed services.…
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Year-round Regional Farmers Market Planned for Broome County
LIIF is providing financing to Broome County for the construction of a permanent farmer’s market in a public park in Binghamton, NY. As part of LIIF’s New York Healthy Food & Healthy Communities (HFHC) Fund, the project will provide a consistent and permanent source of fresh produce to a surrounding community that currently lacks access […]…
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New Market Tax Credit Financing Paves the Way For a New Medical Center in Hilltop
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Moving from Poverty to Prosperity: An Integrated Approach to Community Development
By 2010, just over 46 million people fell below the U.S. Census Bureau’s official poverty line. In an exclusive commentary for Spotlight on Poverty and Opportunity, a leading non-partisan forum on poverty, LIIF president and CEO Nancy O. Andrews and David Erickson of the Federal Reserve Bank of San Francisco put the U.S. experience with poverty in an community context, arguing for a holistic approach to help today’s struggling low income families.…
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Affordable Housing Fund Continues Bay Area Success
In early 2011, LIIF launched a targeted fund, the $50 million Bay Area Transit-Oriented Development (TOAH) Fund, to provide financing to develop affordable housing and other vital community services near transit lines throughout the Bay Area. The San Francisco Business Times recently highlighted the Fund’s success in the Bay Area and…
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46 Million Americans in Poverty
In a recent article from Affordable Housing Finance, LIIF president and CEO Nancy O. Andrews weighed in on the recent findings from the new Census Bureau report on poverty, Income, Poverty, and Health Insurance Coverage in the United States: 2011. The recently released data on poverty for 2011 reveals that 46.2 million people, or about […]…
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