News Archives
2011
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LIIF Commends SF on New Green Finance Program
The City of San Francisco announced the new GreenFinanceSF-Commercial Program that helps commercial property owners green their buildings. The program takes advantage of an “open market” Property Assessed Clean Energy (PACE) financing model. With the support of Living Cities, LIIF worked closely with the City of San Francisco to ensure that the program would serve […]…
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NMTCs Support Hundreds of Small and Minority-Owned Businesses
More than 200 commercial businesses, 200 craftspeople and 100 farmers make their living operating out of Seattle’s Pike Place Market. The market’s commercial tenants include a community medical clinic, senior service center, food bank and childcare center. A large portion of the market’s 500 businesses are low-income and/or minority-owned. The market complex also provides housing […]…
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LIIF-Financed Hyde Bronx High School Opens
Hyde-Bronx High School, one of LIIF’s New Markets Tax Credit projects, held a ribbon-cutting ceremony that was covered in several local publications, including the New York Times and Gotham Schools. The high school is the first to be built from the ground up in the Hunts Point neighborhood of the Bronx in over 30 years. […]…
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LIIF Receives Award to Support Small Businesses
LIIF received a $7.5 million award through the U.S. Department of the Treasury’s Small Business Lending Fund. …
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CDFI Fund Awards LIIF $3 Million for Healthy Food Financing
Today, the Low Income Investment Fund (LIIF) received a $3 million award from the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. LIIF was one of only 12 organizations nationally to receive an award. LIIF will use the funds to further its work to increase access to nutritious and healthy food in low income and […]…
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Oakland’s Garden Center Corps tends a new garden
New Frontier, the magazine of the Salvation Army Western Territory, highlighted the community garden being built at the Booth Child Development Center. LIIF’s Child Care Facilities Fund in Alameda County, a program supported by Every Child Counts/First 5 Alameda County, provided the Booth Center with grants to improve its classrooms and outdoor play area as […]…
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NMTCs Expand Bronx Charter School
“The [NMTC] program provides a way for the school to finance its dream building,” said Priscilla Forsyth, vice president of Lighthouse Academies’ New York region. LIIF partnered with Chase to enable Bronx Lighthouse Charter School to build a brand new high school building using the New Markets Tax Credit program. The school currently serves 535 […]…
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PACC Assists Distressed Building in Prospect Lefferts Gardens
LIIF provided financing to Pratt Area Community Council (PACC) to support the renovation of a 71-unit affordable housing development in Brooklyn. The project utilized New York City’s Third Party Transfer Program and Preservation Participatory Loan Program (PLP) to provide PACC with affordable financing. Read more from the .…
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LIIF Awarded $1.5 Million from US Treasury’s CDFI Fund
LIIF received a $1.5 million award from the US Treasury’s Community Development Financial Institutions (CDFI) Fund. The support from the CDFI Fund will enable LIIF to invest in distressed communities and provide support to low-income families across the country. This year, the CDFI Fund gave $142 million to 155 CDFIs through its annual competitive award […]…
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Decade of Data Shows Charter Schools’ Strong Borrowing Record and Links School and Loan Performance
