News Archives
2019
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LIIF provides $6.8 Million to Two Housing Projects for Vulnerable Populations in California
Affordable Housing for Low-income Families and Special Needs Individuals LIIF recently provided a $4.1 million acquisition loan and $750,000 predevelopment loan to Affirmed Housing Group for the acquisition of land to build Barry Apartments, a 61-unit complex in West Los Angeles. The project will serve both low-income families and individuals with disabilities. The project will […]…
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Former Police Station to Become Learning Center for Low-Income Kids
LIIF recently provided more than $2 million in grants to Mission Neighborhood Centers for the redevelopment of a building into a full-day, year-round early care and education center for 56 children and an academic and life skills program called Mission Girls. The center, located near Bay Area Rapid Transit, hopes to grow to serve 600 […]…
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LIIF Provides Healthy Food Financing Loans in Maryland & Harlem Food Deserts
LIIF recently invested $1.5 million in Healthy Food Financing Initiative (HFFI) dollars to two high-need Food Deserts in Maryland and New York. These investments will help bring fresh produce and whole foods to neighborhoods with higher-than-average rates of poverty and poor health outcomes like diabetes, hypertension and obesity. Funding was made possible by an award […]…
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The Uses and Limits of Data as we Work in the San Joaquin Valley
Maintaining a vast collection of data sources helps the Heron Foundation understand local challenges as it works in the San Joaquin Valley, and helps it build partnerships with organizations like LIIF who are working in the area. Read more on the Heron Foundation website.…
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Low Income Investment Fund Completes Inaugural Debt Issuance at 10x Oversubscribed
The Low Income Investment Fund (LIIF) has issued its first public debt offering with a $100 million Sustainability Bond issuance. The Community Development Financial Institution (CDFI) offering was ten times oversubscribed. LIIF is a community development financial institution that is focused on community building initiatives including providing financing for low-income housing and other projects that […]…
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A New ‘Sustainability Bond’ Got 10 Times the Investor Interest It Needed
The Low Income Investment Fund, a San Francisco-based nonprofit, met with 10 times the investment interest it needed to float a $100 million “sustainability” bond last week, indicating strong demand for such bonds. LIIF will use the proceeds to support community development projects. Read more in Barron’s.…
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LIIF Reaches $50 Million of Investment in the South
Two years after opening an office in Atlanta, we’re proud to celebrate the deployment of $50 million in affordable housing, K-12 schools, early care and education, health clinics and community facilities across the South. LIIF has provided financing to community development projects in this region since 2001, but began a more concerted effort to increase […]…
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$100 Million in Sustainable Bonds for Social Impact: Announcing LIIF’s First Bond Issuance
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New Life for a Building, New Optimism for a City
The People’s Bank Building, in Passaic, NJ was constructed during the Great Depression and is a designated historic landmark. For 20 years, the 12-story building sat vacant. With no preventative upkeep, it had been damaged by exposure to rain and winds, and a stream that ran under the building had flooded the basement. Today, the Art […]…
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LIIF Comments on Opportunity Zone Data Collection
On May 31, 2019, LIIF submitted a comment letter to the Department of Treasury in response to the agency’s request for information (RFI) on data collection and tracking for Qualified Opportunity Zones. Based on LIIF’s more than 35 years of experience as an intermediary dedicated to transforming low-income communities, we enthusiastically support strong data collection […]…
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