News Archives
2012
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Massachusetts Avenue Project unveils new food truck
The Massachusetts Avenue Project (MAP), which distributes healthy food to low income areas in Buffalo, New York, held a launch event for its new food truck. The New York Healthy Food & Healthy Communities Fund provided financing that enabled MAP to purchase of the truck.…
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LIIF Helps ACE Build New School & Create Jobs
LIIF, with support from the Starbucks and Opportunity Finance Network initiative Create Jobs for USA, provided a $3.75 million loan to ACE Charter School for the construction of a new middle school campus. The new school, which will open this fall, will enable ACE to expand by 100 students. ACE will hire seven new employees […]…
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Funding and Incentivizing Energy-Efficient Building Retrofits
The Sustainable Communities eNews is published by the U.S. Department of Housing and Urban Development to share information and best practices for creating economically vibrant, healthy, energy efficient communities. LIIF’s COO Kimberly Latimer-Nelligan was interviewed about the organization’s recent grant from Bank of America’s Energy Efficiency Finance Program. LIIF will use the funds to launch […]…
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Nancy Andrews on Healthy Communities: Critical Discussion on Community Development and Health
NewPublicHealth.org published a Q&A with LIIF’s President & CEO Nancy O. Andrews on the intersection of community development and health. Ms. Andrews discusses why it is critical that the health and community development sectors work together, what unique perspectives and skills each group brings to the table, and how LIIF is positioning itself to be a better investor in healthy communities. …
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Food Desert Fund Distributes $6 Million
Supermarket News discussed the progress of the New York Healthy Food & Healthy Communities (HFHC) Fund, which has provided more than $6 million in financing to food stores in underserved communities. The fund has recently provided financing to two stores in downstate New York, including a Foodtown in Mount Vernon and a Key Food in […]…
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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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