News Archives
2012
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FRESH Starts in New York City
A Supermarket News provided an update on two initiatives supporting healthy food retail in New York. The article describes the work of the New York Healthy Food & Healthy Communities (HFHC) Fund, the statewide $30 million fund financing grocery stores in underserved communities, and FRESH (Food Retail Expansion to Support Health), a similar program focused […]…
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$3.6 Billion in NMTC Awards Announced
Affordable Housing Finance magazine covered the announcement of the latest round of New Markets Tax Credit awards from the U.S. Treasury’s Community Development Financial Institutions Fund. The article noted that LIIF was among the 70 groups to receive awards out of more than 300 applicants. This was LIIF’s fifth consecutive award.…
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LIIF Recieves $50 Million NMTC Award
The US Treasury’s Community Development Financial Institutions Fund announced that LIIF has received a $50 million award in the latest round of New Markets Tax Credits. This is LIIF’s fifth consecutive allocation from the program. NMTCs enable LIIF to attract significant capital investment from the private sector to support economic development projects in low income […]…
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Starbucks’ effort provides $50 million in small-biz loans
The Orange County Register covered the progress of the Create Jobs for USA Initiative, noting that the campaign has granted $7 million to community development financial institutions, like LIIF so far. The article highlighted LIIF’s financing of a new campus for two schools operated by the Alliance for College-Ready Public Schools in Los Angeles. The […]…
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New Ally for Sustainable Agriculture in the Finance Department
A piece on the National Sustainable Agriculture Coalition Blog discusses the growing role that CDFIs are playing in supporting the growth of healthy, fresh food for underserved communities.…
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Starbucks wristbands created these jobs
LIIF’s support for the Alliance for College-Ready Public Schools is enabling the high-performing charter management organization to build a new campus for two schools. At full capacity, the schools will educate 1,000 students and employ 70 staff members. This project and LIIF’s investment were part of a CNNMoney.com feature on the Create Jobs for USA […]…
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The Healthy Nonprofit Ecosystem
A blog piece on the National Housing Institute’s Rooflines discusses the factors necessary to create a healthy ecosystem for community development. Along with nonprofits, public support, banks and philanthropy, author Michael Hickey says well-functioning intermediaries, like LIIF, are critical to making sure that resources get to where they need to be going. According to the […]…
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CDFIs v2.0: The Vision of a New Generation
Opportunity Finance Network (OFN) launched the CDFIs v2.0 initiative in 2010 to bring together young professionals in the CDFI industry to discuss the future of the sector. LIIF’s Associate Director National Strategic Initiatives and Senior Loan Officer Hannah Blitzer was selected as one of the 26 participants in CDFIs v2.0 out of a pool of […]…
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Which is better? Giving or Investing?
LIIF’s support of St. John’s Bread & Life in New York City was featured in a thoughtful piece, “Which is better? Giving or Investing?” by Sally Boulter, Calvert’s Manager of Individual Initiatives, on the Calvert Foundation’s blog. The project, in which LIIF led a New Markets Tax Credit transaction to build a new, expanded facility […]…
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LIIF & Partners Recieve Affordable Housing Award from HCD
The Department of Housing and Community Development (HCD) awarded a $23,250,000 loan as seed capital to implement the Golden State Acquisition Fund to finance affordable housing. The loan was awarded to a consortium of four nonprofit community development financial institutions (CDFIs), including LIIF, Enterprise Community Loan Fund, the Rural Community Assistance Corporation and Century Housing. […]…
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