LIIF Receives $4.3 Million in Program Awards from CDFI Fund
Today, the Low Income Investment Fund (LIIF) received a total of $4.3 million in program awards from the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. As part of the fiscal year 2013 CDFI Program round, the awards are aimed at increasing the lending and investment capacity of CDFIs in low income and economically distressed communities across the nation.
LIIF received a $1.3 million Financial Assistance award that will be used to support LIIF’s lending across a diverse range of program areas that support opportunities for low income people. In addition, LIIF received a $3 million award through the Healthy Food Financing Initiative (HFFI). LIIF was one of only one of only 10 organizations nationally to receive the award. LIIF will use the HFFI funds to further its work to increase access to nutritious and healthy food in low income and underserved communities. HFFI is a multi-agency effort involving the U.S. Department of the Treasury, the U.S. Department of Agriculture and the U.S. Department of Health and Human Services.
Source: U.S. Department of Treasury’s Community Development Financial Institutions Fund