Low Income Investment Fund

"#CDFIs are a movement," says LIIF CEO Daniel Nissenbaum. DYK: For every $1 of public money, community development financial institutions (CDFIs) bring in $8 via private investment. Watch this video short to learn more about how the nation's 1,400+ CDFIs strengthen communities and create opportunity for all.

Thanks to Smart Growth America for including a pair of LIIF investments in their timely report on the importance of the #CDFI sector to the national economy: https://lnkd.in/gaHy35aY.

We’re strengthening communities in Texas. In early March, LIIF’s Rachel Bluestein, Eliisa F. and Bryan Woll headed down to the “Lone Star State” to visit Forest Forward, a member of the Purpose Built Communities network. Purpose Built Communities collaborates with local leaders and neighborhood residents across the U.S. to transform neighborhoods, prioritizing upward mobility and health outcomes. Their model includes mixed-income housing, cradle-to-college education, community health and wellness, and economic vitality, all supported by dedicated local Community Quarterback Organizations. Forest Forward is a nonprofit organization that partners with the community to drive equitable development, economic mobility and improve outcomes for children, residents and families of the South Dallas community. It takes a holistic approach, anchored in the restoration and expansion of the Forest Theater offerings, to sustain the interest, growth and success of the neighborhood revitalization. Via LIIF’s strategic partnership with the JPMorganChase Foundation, in 2020 our organization provided a low-cost, flexible Equity with a Twist (EQT) loan for the acquisition and demolition of a nuisance property that was adjacent to the Forest Theater, thereby removing a barrier to Forest Forward’s neighborhood revitalization efforts. Thanks to our gracious host, Forest Forward’s Executive Director Elizabeth Wattley. #CDFI #CDFIs #lending #lendingsolutions #communitydevelopment

Affordable #childcare, featuring quality facilities, is the backbone of a robust national economy. Watch this video short -- from our recent LIIF40 event celebrating four decades of impact -- in which our partner Goldman Sachs' Jessica Taylor speaks on this timely subject.

Watch this video short to learn how LIIF remains in the vanguard around #lendingsolutions that strengthen communities. Our Board Chair, Reymundo Ocañas of PNC, spoke on this subject at our recent LIIF40 event, at which we celebrated four decades of impact.

Our work strengthening communities across the nation would never be possible without our forging strategic #partnerships. Watch this video short -- from our recent LIIF40 event celebrating such collaborations -- in which Yolanda Davila explains why PNC has partnered with LIIF over the decades to create deep impact in the communities we serve.

LATEST #POLICY NEWS: Sens. Mark R. Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the Senate Community Development Finance Caucus, led a letter (https://bit.ly/4hl1rnm) to Treasury Secretary Bessent following the Administration's March 14 executive order. This letter in support of the #CDFI sector was signed by 23 senators, emphasizing the bipartisan support for the CDFI Fund -- and highlighting the fund’s critical role in strengthening communities across the nation.

We’re strengthening communities coast to coast. LIIF has closed two loans with Community Development Partners (CDP) to support their development of Park Run Apartments in Eugene, Oregon. Our $4.2 million acquisition loan and $750,000 predevelopment loan will help create 158 new units of affordable housing for families earning at or below 60% Area Median Income (AMI). Located near the University of Oregon, the site is entitled and permit ready. Construction will move forward upon receiving a 4% Low-Income Housing Tax Credit (LIHTC) reservation, tax-exempt bonds, financing from the state of Oregon and the city of Eugene, and a conventional construction loan. We’re proud to continue our nine-plus year partnership with CDP and support their #affordablehousing developments in California and Oregon.

Join Build Up California's next meeting, Wednesday, March 26.

From a client to a Board Member to a financing-product collaborator, Dionne Nelson has always been an invaluable member of the LIIF family. Watch this video short -- from our recent LIIF40 event celebrating four decades of impact -- to hear from Dionne on why she has partnered with LIIF over the years.