News Archives
2011
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LIIF Joins HUD Secretary Donovan at Harvard Event on Affordable Rental Housing
A new study released by the Joint Center for Housing Studies at Harvard University, “America’s Rental Housing: Meeting Challenges, Building on Opportunities,” found that one in four renters spends more than half their income on rent and utilities and the problem of affordability is creeping into higher income groups. LIIF President & CEO Nancy O. […]…
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LIIF & Partners Provide Bay Area TOD Financing
LIIF is proud to announce the launch of the Bay Area Transit-Oriented Affordable Housing (TOAH) Fund. Developers can now access financing for affordable housing and vital community services near public transit hubs through the $50 million fund. The TOAH Fund is a key part of LIIF’s strategy to support equitable transit-oriented development (TOD). LIIF is […]…
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CDFI Fund Announces 2010 NMTC Awards
LIIF received an allocation of New Markets Tax Credits in the latest round of awards from the US Treasury’s CDFI Fund. The Novogradac Journal of Tax Credits covered the awards in its April issue.…
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$50M fund aims to help developers build affordable housing
Bay Area housing developers will be able to tap into a $50 million revolving loan fund established by a consortium of banks, foundations, nonprofits and public agencies.…
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Bay Area Transportation Commission Creates Affordable Housing Fund
The Metropolitan Transportation Commission, the Oakland-based transportation planning and funding agency for the nine-county San Francisco Bay Area, has just established a new $50 million revolving loan fund for affordable housing developers. …
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TOD Fund Established for the Bay Area
Affordable housing developers in the San Francisco Bay Area have a new $50 million revolving loan fund to help finance land acquisition in select locations near rail and bus lines.…
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Bay Area agencies set up $50M affordable housing fund
Affordable housing developers in the Bay Area have a new funding source to turn to when buying land: the $50 million Bay Area Transit Oriented Affordable Housing Fund.…
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MTC Announces Commitment to TOAH Fund
LIIF joined the other partners of the Bay Area Transit-Oriented Affordable Housing Fund at a press event to announce the Metropolitan Transportation Commission’s (MTC’s) $10 million commitment to the fund. The MTC’s investment enabled the fund partners to raise an additional $40 in private capital to support equitable TOD projects in the nine-county Bay Area. […]…
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LIIF Receives $21 Million NMTC Award
LIIF received $21 million in New Markets Tax Credits, its fourth consecutive allocation from the US Treasury program. NMTCs have been an essential tool for LIIF in its efforts to bring capital investment to low income communities. To date, LIIF has invested $96 million in projects serving low income people using NMTCs. LIIF’s NMTC projects […]…
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LIIF Supports Affordable Housing in Los Angeles, San Francisco & New York
LIIF has invested in affordable housing for over 25 years. In the last quarter, LIIF supported projects that will create or preserve over 180 units of housing in California and New York.…
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