Through its Revolving Loan Fund (RLF), LIIF provides predevelopment, acquisition, construction and term financing to nonprofit and for-profit affordable housing developers. RLF funds may cover the closing costs and capitalized interest reserve, if necessary.
- Loan Terms
- Predevelopment: Up to 2 years
Acquisition: Up to 3 years
Construction: Up to 2 years
Mini-Perm: Up to 10 years
- Contacts
- Kirsten Shaw, Vice President, Northeast and Mid-Atlantic Region, kshaw@liifund.org
LaToya Kyle, Deputy Director, Southeast, lkyle@liifund.org
Emma Chávez, Market Director, Western Region, echavez@liifund.org
In late 2020, LIIF, Stewards of Affordable Housing for the Future (SAHF) and National Affordable Housing Trust (NAHT) entered into a joint venture. We aligned this partnership around a shared commitment to housing equity, with a goal to raise $1 billion over the first five years of the partnership to build, protect and preserve approximately 10,000 affordable homes across the country. Through this joint venture with NAHT, LIIF will not only be equipped to provide equity for projects and developers, but also development consulting services and expertise that will allow existing clients to expand their capacity. For investors of both LIIF and NAHT, the array of impact lending and equity options will allow them to grow their impact—delivering a measurable social impact in addition to a financial impact. More information for developers and investors is available on the NAHT website
- Contacts
- Lori Little, NAHT President & CEO,
614-917-2873
The $93 million Golden State Acquisition Fund provides acquisition financing to experienced nonprofit and for-profit developers and public agencies for the development or preservation of affordable housing in California. The fund was established with an initial investment from the California Department of Housing. LIIF, serving as the Administrative Agent for the fund, is working with a consortium of seven CDFIs to provide reliable, flexible funding to help meet the housing needs of low income communities statewide.
- Contacts
- Emma Chávez, Market Director, Western Region, echavez@liifund.org
The Energy Upgrade California Bay Area Multifamily Fund (BAM Fund) provides up-front capital and technical assistance to help multifamily affordable housing owners retrofit their properties.
More information about the BAM Fund
The Los Angeles County Housing Innovation Fund (LACHIF) is a $60 million public-private partnership that provides low-cost predevelopment and acquisition financing to increase the availability of affordable and supportive housing in Los Angeles County.
- Contacts
- Emma Chávez, Market Director, Western Region, echavez@liifund.org
The New Generation Fund LLC provides acquisition and predevelopment loans for the creation and preservation of affordable housing in the City of Los Angeles.
More information about the New Generation Fund LLCThe New York City Acquisition Fund LLC offers acquisition and predevelopment loans to developers committed to the creation and preservation of affordable housing in the five boroughs of New York City.
More information about the New York City Acquisition Fund
In partnership with the New York City Retirement Systems (NYCRS), LIIF provides financing for new construction or rehabilitation of multifamily properties incorporating affordable housing in New York. The program is run by the Economically Targeted Investments Division of the Office of the NYC Comptroller. NYCRS loans must comply with the State of New York Mortgage Agency terms.
