LIIF Supports Affordable Housing in Los Angeles, San Francisco & New York
You are here:
LIIF has invested in affordable housing for over 25 years. In the last quarter, LIIF supported projects that will create or preserve over 180 units of housing in California and New York.
- Tilden Terrace: LIIF provided Los Angeles Housing Partnership, Inc. (LAHP) with an acquisition loan to purchase land for a new affordable mixed-use, multifamily development in Culver City, California. The site, Tilden Terrace, will have 33 housing units, 70% of which will be affordable for low income households. LAHP plans to build Tilden Terrace to meet LEED Silver Certification.
- Central City Hospitality House (CCHH): Established in 1967, CCHH is located in San Francisco’s Tenderloin District, one of the city’s poorest neighborhoods. CCHH’s services include a 25-bed shelter for homeless men, two drop-in self-help centers and an employment program. LIIF provided acquisition and permanent financing to CCHH for the purchase of its shelter and community art facility, which it had been renting since it first opened its doors.
- Parkview Towers: LIIF participated in a loan led by Enterprise Community Loan Fund to provide Montgomery Housing Partnership, Inc. with financing to acquire and preserve 125 units of affordable rental housing in Takoma Park, Maryland. The area’s recent gentrification has put significant pressure on low income households. Rents on 100% of the units are affordable to low income households in Montgomery County. MHP is making water conservation and other improvements to Parkview Towers and is planning a major rehabilitation for the property to preserve high-quality affordable housing for the long-term.