LIIF’s 2010 Impact: $100 Million Invested, 120,000 People Served and $1.9 Billion in Benefits Generated
LIIF invested over $100 million in projects that serve low income neighborhoods in its fiscal year 2010, which ended June 30. Despite the challenging economic environment, LIIF closed its highest volume of loans ever to build and improve quality homes, schools, child care centers and other community facilities. In addition, LIIF issued capital grants to grow and enhance early education in California. Most importantly, these investments served over 120,000 people and generated $1.9 billion in societal and household benefits.
LIIF will continue to advance its mission of poverty alleviation in the years ahead and is particularly excited about the impact it can achieve with its three new program areas launched in 2010: Innovative Green Financing, Transit-Oriented Development and Healthy Food.