News
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$2.25MM to Support First 3 Housing Developments in the Coachella Valley Housing Catalyst Fund
LIIF recently provided $2.25MM for the development of the first three funded projects within the Coachella Valley Housing Catalyst Fund. The fund aims to stimulate the production of critically needed affordable housing in the Coachella Valley in Southern California. Read more about the fund and partners. Projects: Las Casas Apartments (Coachella, CA): This farmworker housing […]…
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LIIF Awarded $60 Million in New Markets Tax Credits
LIIF is proud to receive this award from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. New Markets Tax Credits (NMTCs) are a critical part of our work to bring capital to historically underinvested neighborhoods and have been the catalyst for some of our most transformative projects, such as THEARC in Washington, D.C. and Crosstown […]…
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Ken Stewart Joins LIIF as Deputy Director, Mid-Atlantic
LIIF is pleased to have named Ken Stewart as the new Deputy Director for the Mid-Atlantic region with responsibility for deploying capital to help affordable housing developers acquire, preserve or develop new affordable housing in the region. LIIF invests in affordable housing, early care and education and other vital community assets that address inequities exacerbated […]…
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LIIF and Purpose Built Communities Launch $45 Million Accelerator Fund
The Low Income Investment Fund (LIIF) has launched the $45 million Accelerator Fund to support Purpose Built’s comprehensive community-driven neighborhood development aimed at supporting racial equity, economic mobility, and improved health outcomes. There are currently more than 25 Purpose Built sites across the country led by community leaders working to end the cycle of generational […]…
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Investment to Bring Healthy Food, Small Businesses & Center for Social Justice to Cincinnati
Avondale Town Center is a vibrant development comprised of 119 apartments, a health center, child care center and small businesses within a Choice Neighborhood in Cincinnati, Ohio. LIIF provided $1.9 million to The Community Builders, Inc., a member of Stewards of Affordable Housing for the Future, to complete tenant improvements for a grocery store, locally […]…
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LIIF Supports Diverse School in Memphis in Securing a Permanent Home
LIIF provided a $4.7 million construction and mini-permanent loan to Believe Memphis Academy to serve more students and help the school secure a permanent location. Believe Memphis Academy is a high performing school in Tennessee that has a strong commitment to racial equity, diverse staff and a student body made up of nearly 100% students […]…
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LIIF Exceeds Goal in Bringing 1k Child Care Slots to D.C.
LIIF is proud to announce that the Access to Quality Child Care (A2Q) grant program exceeded its goal of bringing 1,000 new early care and education (ECE) slots to Washington, DC’s families. The program was launched in 2018 as joint initiative with the Office of the State Superintendent of Education (OSSE) and LIIF to address […]…
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Transit-Focused School Paves Career Pathways for Los Angeles Youth
The Low Income Investment Fund (LIIF) recently provided a $10 million loan into a New Markets Tax Credit (NMTC) transaction to support the SEED School of Los Angeles County (SEED LA), a startup boarding high school that will serve 400 high school students from South LA and around LA County with an immersive, 24-hour learning environment when it opens in Fall 2022. Admission preference […]…
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Impact-led Lending for Food Security in NYC
When it comes to advancing communities of opportunity, equity and well-being, lending is LIIF’s primary engine of impact. We continue to hone our “impact-led lending” approach through investments that are informed by—and explicitly designed to close opportunity gaps in—communities of color, balancing risk to ensure both impact and financial sustainability. One example of this approach […]…
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LIIF Upgraded by S&P
