As part of this commitment, LIIF is launching the $3 million Green Opportunity Fund (GO Fund) in the Los Angeles area. This is the first fund dedicated to financing energy efficiency retrofits and installations for community facilities, such as charter schools, child care centers, health care clinics and senior centers. In addition to the GO Fund, LIIF’s $50 million will be invested in LEED certified building development, transit oriented development (TOD) projects and greener child care centers in underserved communities across California and the New York area.

“Greener facilities benefit people’s health, the environment and an organization’s bottom line. LIIF’s $50 million investment in green development ensures that low income people see these benefits in their everyday lives,” says LIIF President and CEO Nancy O. Andrews. “The GO Fund marks the start of a new chapter for LIIF and provides a financing solution that wasn’t possible before. We hope to bring more public and private partners to the table with this initiative to create new opportunities for underserved communities.”

One of the GO Fund’s earliest partners is the MetLife Foundation, which provided seed funding for the initiative. “The GO Fund is an exciting new effort that advances the goals we share with LIIF – building healthy communities and providing economic opportunity for low income people,” says Dennis White, President and CEO of MetLife Foundation.

The GO Fund is LIIF’s newest tool to ensure every community sees the benefits of greener, healthier environments. Through the California Preschool Energy Efficiency Program (CPEEP), LIIF has improved the energy efficiency of 850 early childhood education centers serving over 53,000 children statewide. CPEEP is funded by California utility ratepayers and administered by Southern California Edison and Pacific Gas and Electric Company. CPEEP facilities save approximately 30% on utility costs and reduced overall energy usage by 60%. In addition, LIIF provides financing for green development, such as TOD projects and LEED certified buildings in underserved neighborhoods.

Read more at www.liifund.org/green.

LIIF's Impact