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BUILDING HEALTHY
COMMUNITIES
THROUGH INNOVATIVE APPROACHES
Low Income Investment Fund's (LIIF) Mission: LIIF is a steward for capital invested in housing, child care, education and other community-building initiatives. LIIF provides a bridge between private capital markets and low income neighborhoods.
WHAT'S NEW
LIIF Receives $2 Million in Recovery Act Funding from U.S. Treasury
LIIF received the
maximum $2 million award from American Reinvestment and Recovery Act
funding announced by Treasury Secretary Timothy Geithner. LIIF was
one of 59 organizations (one
of only two based in San Francisco) to receive a portion of the $90 million
allocated in the Recovery Act for economic development in low income
communities.
Read More.
CEO Nancy O. Andrews Examines Effects of the Economic Downturn on the CDFI Industry
LIIF
CEO Nancy O. Andrews shares her findings from a series of interviews
with leaders in the CDFI industry in a recently released working
paper from the Federal Reserve Bank of San Francisco's Community
Development Investment Center.
Read the Working Paper.
Federal Reserve Chairman Ben Bernanke's
recent speech on the importance of CDFIs will be featured in the second
edition of this paper which will be out later this month.
Harrington Investments Launches California Communities Initiative with Investment in LIIF
Harrington Investments raised $2 million to launch the first note in its California Communities Initiative (CCI) and selected LIIF as one of its first two investments. CCI is a joint venture between Harrington and the Calvert Foundation to provide investment capital for community development in California. Read More.
OUR IMPACT
Over its 24-year history, LIIF has provided over $740 million in financing and technical assistance for projects benefiting low income communities in 26 states, leveraging additional investments of $5.0 billion.
LIIF has served more than 600,000 people, resulting in:
- $11 billion of income savings for low income families and
- $400 million of increased income potential for youth.
LIIF's work has developed or enhanced:
- 54,000 units of housing;
- 100,000 child care spaces;
- 43,000 spaces in schools for children; and
- 2.5 million square feet of commercial and community facilities space.
WHAT WE DO
LIIF improves and strengthens underserved communities by providing loans, grants and technical assistance to community development organizations. LIIF provides capital and technical assistance for housing, education, child care and supportive community facilities.
Featured Project: Skid Row Housing Trust
A recent Los Angeles Times article highlighted new
developments in LA's Skid Row, like Skid Row Housing Trust's Abbey
and Rainbow Apartments, that provide the formerly homeless with comprehensive
services and a place that feels more like home than a shelter. LIIF
provided financing to Skid Row Housing Trust for the development of
the Abbey Apartment complex.
Read More.