LIIF Publishes Affordable Buildings for Children’s Development (ABCD) Initiative “First Year Evaluation”
Creating more affordable and high-quality child care spaces for California is as easy as A-B-C-D, according to a new evaluation of the Low Income Investment Fund (LIIF) Affordable Buildings for Children’s Development (ABCD) initiative.
An independent review by BTW informing change (BTW) found that the LIIF program has leveraged $62.1 million in resources for child care facilities development in California since 2003, including $38.5 million from planning grants and $23.6 million from loans. BTW concluded that LIIF’s ABCD has supported the creation or renovation of nearly 14,500 child care spaces, very close to the Initiative’s 2010 goal of 15,000 spaces.
LIIF ABCD Program Director Maria Raff said: “The results of the ABCD evaluation are no surprise to those of us associated with this project. While the impact numbers speak for themselves, the true success here has come from partnerships with local child care facility development intermediaries, developers of affordable housing and public schools, as well as our advocacy partners. “
LIIF President & CEO Nancy O. Andrews said: “In many respects, the ABCD Initiative is a perfect illustration of the mission of the Low Income Investment Fund. What ABCD has done is put child care facilities development and finance on the map as a strategy for community development and a strategy for our work. And that’s what the community capital movement is all about – the use of finance to build healthy communities.”
In addition, the BTW report also noted that LIIF has created and convened the Children’s Facilities Policy Committee, a statewide coalition of child care advocates, finance experts, community developers and others who are monitoring statewide policy for the purpose of protecting and improving policy and financing for child care programs and services.
The BTW evaluation provided an opportunity at an early stage of the Initiative for LIIF to assess whether and to what extent the ABCD program design is functioning and delivering results in California.
Raff added: “One of the key objectives of ABCD is creating a strategic system and network of resources for the financing and development of quality child care facilities in California. Unlike public schools and affordable housing, development expertise and affordable capital is not readily available to the child care industry in California. Through the ABCD initiative, LIIF is working to fill this void of resources and services.”