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LIIF-Healthy Communities 3
How can community development lead the way to building healthier communities?

Hear what LIIF is investing in now and our vision for the future 
In this Issue:

LIIF Receives $12 Million in Federal Support including Funds for Healthy Food & Small Business

Approaching "$1 Billion for 1 Million"

LIIF Advances Healthy Communities with Robert Wood Johnson Foundation & Federal Reserve

New High School Builds Hope in the Bronx

Leading Child Care Operator Grows Classrooms & Gardens with LIIF's Support

Watch Equitable Transit-Oriented Development Conference Sessions Online

Bipartisan Charter Legislation Will Address Critical Facility Financing Gaps

Look for LIIF at 2011 OFN Conference

LIIF Welcomes New Board Members

LIIF in the News: Schools in the Bronx; Homes in Brooklyn; Gardens in Oakland
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Franklin-HS-girlPhoto: Ethan Pines LIIF Receives $12 Million in Federal Support including Funds for Healthy Food & Small Business

In the last three months, LIIF has received $12 million in federal support to advance its community development efforts in distressed communities nationwide. LIIF was awarded $7.5 million from the U.S. Department of the Treasury’s Small Business Lending Fund, which the organization will use to support small businesses, such as child care providers, health clinics and schools.

Through Treasury’s Community Development Financial Institutions (CDFI) Fund, LIIF received $3 million to support its healthy food financing efforts. LIIF is currently leading the New York Healthy Food & Healthy Communities Fund and this award will further LIIF's work to increase access to affordable, nutritious food for low-income people in New York and beyond. Finally, LIIF was proud to receive $1.5 million from the CDFI Fund's annual Financial Assistance awards.

More information

More about LIIF's awards

Read about LIIF's Healthy Food Program
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Pamela-abbey 2Photo: Ethan Pines

Pamela in her home at Skid Row Housing Trust's Abbey Apartments
Approaching "$1 Billion for 1 Million"

In 2004, LIIF set out an ambitious 10-year goal of investing $1 billion to serve 1 million people. Seven years later, LIIF is on the cusp of achieving this milestone.

What does "A Billion for A Million" mean in the communities LIIF serves?

For Pamela, it meant a safe, stable place to stay and an opportunity to change her life and make a difference in the lives of others: "At age 59, I ended up on the streets. Being at Abbey Apartments saved my life. Now it’s my crusade to make sure there are more places like this for other people."

As LIIF closes in on our goal, we will share the individual stories and new opportunities that have made "A Billion for A Million" an achievement worth reaching.

More information

How Close is LIIF to $1 Billion for 1 Million?

Keep up with LIIF's progress via Twitter & Facebook
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FedSF cover 01-10"Coming Out as a Human Capitalist: Community Development at the Nexus of People and Place," Community Development Investment Review, Federal Reserve Bank of San Francisco Community Development LIIF Advances Healthy Communities with Robert Wood Johnson Foundation and Federal Reserve

LIIF is at the forefront of a growing collaboration between the community development and health sectors. Nancy O. Andrews, LIIF’s President & CEO, called on the community development sector to expand the scope of its investments in “Coming Out as a Human Capitalist: Community Development at the Nexus of People and Place,” published by the Federal Reserve Bank of San Francisco (FRBSF).

The FRBSF and the Robert Wood Johnson Foundation have partnered to explore this issue through a series of conferences around the country with other regional Federal Reserve Banks. Below are highlights, videos and publications from the regional events:

Boston
Watch session videos
Behind the scenes interview with Nancy O. Andrews

Houston
View the agenda & download presentations

New York
Watch session videos

Washington, D.C.
Watch session videos


More information

Download "Coming Out as a Human Capitalist"
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Hyde-Leadership-HS New High School Builds Hope in the Bronx

Students are now walking the halls and attending classes at the new Hyde Leadership Charter School High School in the Bronx, New York. Hyde's students, family, staff and community members recently celebrated the opening of the first school to be built from the ground up in the Hunts Point neighborhood in over 30 years.

Hyde Schools have distinguished themselves through their focus on character education and family involvement, as well as strong academic achievement. To support the construction of the new school, LIIF partnered with the Goldman Sachs Urban Investment Group and Civic Builders, the project developer, on a $21 million New Markets Tax Credit transaction.

A New York Times article quoted a Hyde student on the school's opening: “I think this gives the community something to look forward to — hope. When people see Hyde Leadership Charter School they will smile and say, ‘I want my kids to go there.’”


More information

More about Hyde Bronx

Read about LIIF's NMTC Program
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kidango Leading Child Care Operator Grows Classrooms & Gardens with LIIF's Support

Kidango is a leading early care and education provider in Northern California. Founded in 1979, Kidango currently serves more than 2,500 children each year in centers and family child care sites in 10 cities. Kidango’s centers almost exclusively serve low-income families and provide a range of services that encourage children's cognitive, physical and social development.

LIIF has been an ongoing supporter of Kidango’s early care and education centers. Since 2005, LIIF, through its partnership with First 5 Alameda, has provided Kidango with $530,000 for centers around the San Francisco Bay Area. From indoor and outdoor play areas to fruit and vegetable gardens, LIIF's support has made the centers safer, more engaging spaces to learn and play.

More information

Read about LIIF's Child Care Program
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VTA-MTCPhoto: Metropolitan Transportation Commission/ Noah Berger Watch Equitable Transit-Oriented Development Conference Sessions Online

Earlier this year, LIIF co-hosted "Capital Solutions for Equitable Transit-Oriented Development," a conference that engaged public and private stakeholders on the opportunities and challenges of financing equitable transit-oriented development (TOD) projects. 

More information about the event, a link to session videos from the Federal Reserve Bank of San Francisco and related TOD publications are available on LIIF's website.

More information

Read about LIIF's Financing for TOD Projects
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US-House Bipartisan Charter Legislation Will Address Critical Facility Financing Gaps

In September, the U.S. House of Representatives approved the Empowering Parents through Quality Charter Schools Act (H.R. 2218) with strong bipartisan support. This bill encourages the development and replication of high-performing charter schools and begins to address the capital funding gaps that public charter schools face.

A major barrier to the expansion of public charter schools is access to capital for the acquisition and development of quality facilities. The bill secures resources for public charter schools specifically to improve and expand their facilities, including the highly successful Credit Enhancement for Charter School Facilities Program at the U.S. Department of Education. As a leading member of the Charter School Lenders Coalition, LIIF supported this legislation and believes it will go a long way to help public charter schools address their capital funding needs.

More information

Read about LIIF's Policy Efforts


Read about LIIF's Financing for Education
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2011-OFN-conf Look for LIIF at 2011 OFN Conference

LIIF is excited to join our CDFI peers at the this year’s Opportunity Finance Network Conference November 14-17 in Minneapolis. LIIF will present at the following sessions.

November 16
  • Enterprise Lending for Affordable Housing  
  • Creating a Compelling CDFI Brand
  • Leveraging Bond & Loan Data to Increase Capital Access for Charter Schools
November 17
  • CDFI Collaboration to Promote Equitable TOD

More information

Read about LIIF's sessions at OFN 
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  LIIF Welcomes New Board Members

LIIF is proud to introduce its new board members Andrew Ditton, Co-Head & Managing Director, Citi Community Capital; Kathryn Rock, formerly Vice President of Counterparty Credit Risk Management, Freddie Mac; and Sarah Rosen Wartell, Executive Vice President, Center for American Progress. We are pleased to have these accomplished professionals join LIIF's Board of Directors.

LIIF would also like recognize outgoing board members Nancy Duff Campbell, Patrick Nash and Elizabeth Pugh for their years of service and invaluable contributions to furthering LIIF's mission of creating economic opportunity for low-income people.


More information

LIIF's Board of Directors
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$20 billion
in benefits for families & communities

$994 million
invested in neighborhoods

967 thousand
people served

 
 
Our Impact 

 
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LIIF in the News

10.05.11
A New School in a Neighborhood that Rarely Sees Them
New York Times

July 2011
Oakland’s Garden Center Corps tends a new garden
New Frontier Magazine

08.22.11
NMTCs Expand Bronx Charter School
Novogradac Journal of Tax Credits

08.01.11
PACC Assists Distressed Building
Brooklyn Daily Eagle

06.27.11
Charter Schools Earn High Marks for Loan Performance
MuniNet Guide
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© 2011 Low Income Investment Fund
100 Pine Street, Suite 1800
San Francisco, CA 94111
T: 415.772.9094
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Low Income Investment Fund
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