Low Income Investment Fund

Awards. Camaraderie. Vision. Yes, the #LIIF40 event this week in NYC had it all. Thank you to emcee/Board Chair Reymundo Ocañas, sponsors, partners, peers, staff, Board members and the community we serve for celebrating 40 years of our together creating opportunity for all across the nation.

How do you drive #smallbusiness growth and create a robust national economy? By there being accessible, affordable #childcare so everyone can join the workforce. In Oceanside, Children's Paradise is a community linchpin, having leveraged California Department of Social Services Infrastructure Grant Program funding to better their facility. LIIF serves as facilities fund manager for this $350.5 million state initiative. Yesterday, LIIF CEO Daniel Nissenbaum toured the renovated space, which has new interior/exterior painting, flooring, cabinetry and an infant yard. Thanks for the warm welcome, Children's Paradise Team.

LIIF is strengthening communities in New York City. Read how in this New York State Homes & Community Renewal press release @ https://bit.ly/3DaBw3E. LIIF Director, Northeast Region Molly Anderson: “LIIF was honored to work with NYS Homes and Community Renewal, NYC Department of Housing Preservation and Development, and NYS Office of Temporary and Disability Assistance to secure a $29.5 million acquisition and predevelopment loan in partnership with the New York City Acquisition Fund. This collaboration made a complex transaction a reality – and solidifies our relationship with a mission-aligned recipient, Breaking Ground (NYC Permanent Supportive Housing) Ground, as we continue to strengthen historically underserved New York City communities such as East Harlem.” #affordablehousing #lending #lendingsolutions #communitydevelopment

Happy 40 years to us! Thank you to our partners and sponsors for supporting LIIF’s mission to mobilize capital to strengthen communities. Your support drives real change in affordable housing and early care and education. We look forward to deepening our investments! #LIIF40

As LIIF marks four decades of expanding opportunity, we are grateful for partners such as Goldman Sachs who share our commitment to strengthening communities. Through the Brighter Futures Fund, we’re co-locating #childcare with #affordablehousing, ensuring families have access to the resources they need to thrive. Together, we’re investing $20 million to create a future where every child and family has a place to grow and succeed.   Learn more about this transformative partnership: https://lnkd.in/du5YWvFr.

As LIIF marks four decades of expanding opportunity, we extend our gratitude to PNC for their unwavering support in expanding access to affordable housing and building stronger communities. Together, we’re investing in solutions that make a difference — like our partnership on the Damien Center, Indiana’s oldest and largest HIV service provider (rendering).   We are also proud to have Reymundo Ocañas, Head of Community Development Banking at PNC and LIIF Board Chair, helping to guide our mission forward with his leadership and vision.   Thank you, PNC Bank, for your partnership in building stronger, healthier communities!   Learn more about our work: https://lnkd.in/gQF6pRry Rendering by StudioAXIS

Our investments in #affordablehousing are in the news. This Multi-Housing News article (https://lnkd.in/e65kg7UM) highlights a LIIF-originated $29.5 million acquisition loan, in participation with the New York City Acquisition Fund, that is strengthening the historically underserved community of East Harlem. This Breaking Ground (NYC Permanent Supportive Housing) adaptive reuse project will convert a 19-story former student-housing property into 435 units of affordable and supportive housing. There will be 261 units set aside for formerly homeless individuals, including about 40 apartments for young adults who aged out of foster care or are experiencing being unhoused. The remaining 173 units will be for families with incomes at or less than 60 percent of the Area Median Income (AMI).

Our transformative #childcare work continues to get noticed. LIIF's deep expertise is highlighted in recent articles on a pair of timely topics: the importance of the physical environment to children’s development; and educators' job satisfaction. Fast Company article @ https://lnkd.in/geGgZrFu. "That’s why LIIF focuses so much on infrastructure and design investments, says Angie Garling, one of the community development financial institution’s senior vice presidents. After investing nearly $500 million over the past 25 years in early childhood education, impacting more than 400,000 kids at 6,000-plus facilities, LIIF firmly believes these spaces, where so much crucial brain development takes place, need to be healthy, climate resilient, engaging, and enriching." [Thanks to the San Francisco Department of Early Childhood for providing the funding for the improvements at Family Connections, referenced in this article]. The Hechinger Report article @ https://lnkd.in/gAnadpJi. "Scores of districts are 'adding this new grade of 4-year-olds,' said Shelly Masur, MPH, EdD, vice president of advisory and state policy for the Low Income Investment Fund, which runs an initiative focused on creating and improving high-quality facilities for early learning programs. "They have to figure out where those kids are going to go."

DYK: As facilities fund manager for the California Department of Social Services' $350.5 million Infrastructure Grant Program (IGP), we're partnering to strengthen the #childcare ecosystem across the "Golden State." The LIIF Early Care and Education (ECE) team conducted a site visit today of IGP grant recipient St. Mary's Center, a linchpin in their West Oakland community. Joining to see firsthand this #smallbusiness success story was Sky Marazzi, staffer from CA District 18 Asm. Mia Bonta’s office. All were impressed by the renovations, which included upgrades to the roof, plumbing, electrical, lighting, HVAC system, and ADA landing and door clearances.

ICYMI: It's the LIIF January 2025 #newsletter @ https://lnkd.in/gBvXVbT8.