News Archives
2013
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Deutsche Bank and Enterprise Community Partners Announce Lowering the Cost of Housing Winners
Deutsche Bank Americas Foundation, Enterprise Community Partners and UPSTATE launched the Lowering the Cost of Housing Competition to draw out the most advanced thinking about design, policy, sustainability, and cost-effective building practices. LIIF’s Judi Kende was among seven judges of design professionals, sustainability and construction experts and financial and philanthropic institutions that selected the competition’s winners…
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LIIF’s Los Angeles Office Is Moving
As of July 29, 2013, the Low Income Investment Fund’s Los Angeles office will have a new address. All phone and fax numbers will remain the same. Please update your records with our new information…
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NMTCs Offer Fresh Start for Healthy Food Hub
The July issue of the Novogradac Journal of Tax Credits features a story about LIIF’s investment in a new community hub that is delivering fresh food to New Orleans’ Mid-City neighborhood. The ReFresh Project is an $18 million mixed-use, adaptive reuse project that will transform a vacant supermarket building into a healthy food hub…
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LIIF Testifies to RWJF Commission on Building Healthy Communities
Nancy O. Andrews, President and CEO of the Low Income Investment Fund (LIIF), testified to the Robert Wood Johnson Foundation (RWJF) Commission to Build a Healthier America on Wednesday, June 19 in Washington, D.C. Sharing innovative ideas on what works to support healthy neighborhoods and families and increase economic opportunity…
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Investing in the Health of Residents and a Community
In a recent blog post from the CDFI New Markets Tax Credit Alliance, David Flentge, President and CEO of Community Health Care (CHC), highlighted the role of New Markets Tax Credits (NMTCs) in financing the expansion of CHC’s health services in Tacoma, Washington. LIIF provided CHC with a $14.5 million allocation of NMTCs…
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More Awardees in Round 10 for Reauthorized NMTC Program
In April 2013, 85 community development entities (CDEs) were selected to receive $3.5 billion in tax credits under the tenth round of the New Markets Tax Credit (NMTC) program from the U.S. Department of the Treasury. Selected from 282 applicants that requested more than $21.9 billion, LIIF was awarded $55 million in NMTC allocation authority, bringing its total NMTC allocation to $265 million…
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The New Era of Public Innovation: Part II
In a recent op-ed published in the Huffington Post, Ben Thornley, Director of Pacific Community Ventures, outlined the links between ideas that emerged from the Schwab Foundation’s Social Innovation Summit and LIIF’s recently released publication, Investing in What Works for America’s Communities. Noting the need for evidence-based innovation, Mr. Thornley suggests the international development community […]…
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Fresh Food Hub Begins Construction on Broad Street
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Groundbreaking for Healthy Food Hub in New Orleans
Construction started today on the ReFresh project, a healthy food hub that will bring retail, education, jobs and health programs to the Mid-City neighborhood of New Orleans. The Low Income Investment Fund (LIIF) joined New Orleans Mayor Mitch Landrieu and representatives from L+M Development Partners, Broad Community Connections and a host of community partners for a groundbreaking ceremony for ReFresh…
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Tax Credits Spur Investment in Distressed Communities
Last month, the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced the New Markets Tax Credit (NMTC) authority for investments totaling $3.5 billion to community development organizations nationwide. In a recent news column for HispanicBusiness.com, LIIF was featured as one of 85 organizations that received awards in the 2012 round …
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