News Archives
2013
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Aligning Grants with Impact Investments Can Help Catalyze the Growing Impact Investing Field
Impact investing — investments intended to generate a blended value of social and financial return — continues to attract strong interest from both mainstream investors and traditional philanthropy. Even as foundations and philanthropists increasingly choose investments that advance their social mission, very few have developed a comprehensive approach that links impact investing and grantmaking into a single integrated strategy…
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Las Vegas Meeting Focuses on Transforming Businesses, Communities
Housing Partnership Network’s (HPN’s) Fall Member Meeting in Las Vegas, Nevada, featured a morning plenary session, “Transforming our Businesses and Our Communities,” that focused on the innovative community development strategies in the book Investing in What Works in America’s Communities, published by the Federal Reserve Bank of San Francisco and LIIF…
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Meals and Housing to Come Together in S.F.
LIIF joined house Minority Leader Nancy Pelosi, San Francisco Mayor Ed Lee and other dignitaries on January 24 as they broke ground on the new St. Anthony’s Foundation (SAF) dining room in San Francisco’s Tenderloin neighborhood. The new 40,000-square-foot dining room will enable SAF to serve more than 3,000 meals per day and expand its existing free clothing program, fresh food pantry and social work center…
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A Healthier America 2013: Strategies to Move from Sick Care to Health Care in Four Years
The Trust for America’s Health (TFAH), a national health advocacy organization dedicated to disease prevention, recently released A Healthier America 2013: Strategies to Move from Sick Care to Health Care in Four Years, which provides high-impact recommendations to prioritize prevention and improve Americans’ health. In the report, recommendations are paired with real-world examples of how prevention is working in communities across America…
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Northside: Spartanburg Follows Atlanta Redevelopment Model
A team of community stakeholders in Spartanburg, South Carolina are poised to begin a revitalization project aimed at transforming the city’s Northside neighborhood, one of the most troubled in the city, into a healthy and thriving community. City leaders intend to apply the lessons from Purpose Built Communities’ successful transformation of the East Lake neighborhood […]…
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California Acquisition Fund Launches
The launch of the Golden State Acquisition Fund (GSAF), recently featured in Affordable Housing Finance, will provide flexible acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing throughout California. LIIF, along with six partner CDFIs, recently debuted the new $93 million GSAF program to support…
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CDFI Response to Superstorm Sandy
In October 2012, Superstorm Sandy ravaged the East Coast, destroying homes, ruining local businesses and causing an estimated $60 billion in damages. For many of the families and businesses hardest hit by the storm, recovery meant undertaking longer term, larger scale rebuilding. With decades of expertise in helping small businesses and communities with economic development, CDFIs emerged as a pivotal player in the disaster relief efforts, filling the gap between the initial relief and longer term rebuilding efforts…
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Searching for the Silver Lining in Financing Equitable TOD
Over the past two decades, transit-oriented development (TOD) has emerged as a powerful tool for creating liveable communities that integrate affordable housing and community services with accessible transportation. More recently, the approach of equitable TOD has been gaining greater attention from leading voices in the affordable housing and TOD fields…
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$93 Million Golden State Acquisition Fund Launches to Support Affordable Housing Statewide
We are pleased to announce the launch of the Golden State Acquisition Fund (GSAF), a new program available to developers of affordable housing in California. The $93 million program provides acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing statewide. Developers can access financing for […]…
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New Hope in the New Year for Sandy-Affected Businesses
In a recent op-ed published in the Huffington Post, Mark Pinsky, President and CEO of Opportunity Finance Network, highlights the response of the CDFI industry in the devastating wake of Hurricane Sandy. Bringing attention to a number of projects that are helping to rebuild small businesses, healthy food providers, charter schools, low-income housing and community facilities, Mr. Pinsky places the spotlight on the key role of CDFIs — a common vision of making a difference for low income communities and people…
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