News Archives
2020
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Announcing Our Commitment to Drive $5 Billion to Advance Racial Equity
Today, we are excited to announce a commitment to drive $5 billion in investments over the next decade to advance racial equity. This goal will guide our work as we seek to help build communities of opportunity, equity and well-being across the nation. To launch this effort, LIIF has developed a strategic plan which charts […]…
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Statement from the Low Income Investment Fund on the Federal Reserve’s Approach to CRA Modernization
On September 21, 2020 the Federal Reserve Board unanimously voted to issue an advance notice of proposed rulemaking (ANPR) to collect public comments on proposed changes to the Community Reinvestment Act (CRA). LIIF CEO Daniel A. Nissenbaum issued the following statement in response to the Federal Reserve’s proposal: “As a community development financial institution (CDFI) […]…
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7 OFN Member CDFIs Included in $1.7 Billion MacKenzie Scott Pledge
On July 28, philanthropist MacKenzie Scott announced grants to 116 organizations totaling $1.7 billion. Included in the list of recipients are seven OFN member CDFIs. Read more on the OFN Blog.…
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The Low Income Investment Fund Invests in Atlanta’s Grove Park Neighborhood and Provides Short-term Relief
Grove Park Foundation receives first investment from nationwide partnership to revitalize communities In the Grove Park neighborhood of Atlanta, the Grove Park Foundation has started construction on a new K-8 school, health center and YMCA, and 110 units of mixed income housing, all as part of Phase I investments in the community’s plan toward […]…
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LIIF Invests in 288 Units of Stable Housing in the Least Affordable Major US City
LIIF recently provided a $2.1 million loan to AMTEX Multi-Housing LLC for the acquisition of land to build Meadow Apartments, 288 units of affordable housing in Travis County, TX. Fifteen of the units will be leased to tenants at or below 30% of the median family income (MFI). The rest of the units will be marketed […]…
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Major Philanthropic Investment to Fuel LIIF’s Strategic Vision
Support from MacKenzie Scott will accelerate focus on racial equity and justice SAN FRANCISCO, Calif. – The Low Income Investment Fund (LIIF) is honored to announce a transformative donation from MacKenzie Scott in recognition of our high-impact, outcomes-driven community development work. LIIF is proud to be among the stellar organizations selected by Ms. Scott that […]…
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LIIF receives $3 million award from District of Columbia Preservation Fund
LIIF is pleased to announce that the District of Columbia Preservation Fund awarded LIIF $3 million. LIIF will leverage this grant with LIIF capital to provide flexible, low-cost financing for the preservation of affordable housing in D.C. This financing will not just preserve affordable housing, it will provide developers the capital needed to improve property […]…
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California Commissioner Launches Diversity Initiative, Names COIN Board Members
Patricia GoPaul, LIIF’s Executive Vice President, General Counsel, has returned to the COIN board with a term ending in 2022. Read more in Insurance Journal.…
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Communication Community’s Q & A with Amy Chea, MPA
LIIF’s Amy Chea, Program Officer/Small Business Advisor for LIIF’s Early Care and Education team in New York, was featured in this Q&A on the website Communications Community. Read the full article here.…
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Affordable Housing Moves Forward Despite COVID Obstacles
COVID-19 has challenged efforts to create and preserve affordable homes across the US – including uncertainty around loan terms and repayment and physical distancing impacts on site visits and construction. Despite this, projects to increase the supply of homes that are affordable have continued to move forward, including two recently closed LIIF projects coming to […]…
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