Low Income Investment Fund

INVESTMENT NEWS: S&P and Aeris continued highest ratings of LIIF for FY23. In their recent ratings for Fiscal Year 2023 (July 1, 2002-June 30, 2023), the Low Income Investment Fund (LIIF) continued to be highly rated by both S&P and Aeris (read our press release @ https://lnkd.in/g47YsymS.) The strong ratings affirm LIIF's business acumen and its strategies that for 40 years have been driving measurable impact in historically excluded communities, assuring capital partners?that the organization is ideal for their investment. To date, LIIF has invested $3.5 billion dollars and served 2.5 million people across the nation.? ? S&P FY23 "A/Stable" Rating? "LIIF has demonstrated stable balance-sheet strength, allowing it to sustain operations through somewhat volatile markets. We believe LIIF’s strategic initiatives have and will continue to lead to stabilized financial ratios and will position the organization to maintain its credit quality even during a downturn."?Download S&P report @ https://lnkd.in/g4662rpd. ? Aeris FY23 Four Stars ???? AAA Policy Plus Rating? "The CDFI has exceptional alignment of its impact mission, strategies, activities and data that guide its lending, programs and planning. It fully and effectively uses its resources, both directly and indirectly, in pursuit of its impact mission."?Report available only from Aeris @ https://lnkd.in/gnRk69Mq. ? Ready to invest in LIIF? Learn more @ https://lnkd.in/g2ZzVeE7. #CDFI #CDFIs #lending #lendingsolutions #affordablehousing #childcare

Our ECE Vice President, Advisory and State Policy Shelly Masur, MPH, EdD (photo, left, flanked by colleague Pam Berkowitz) was honored to co-present with YMCA of San Diego County at yesterday's San Diego Housing Federation Conference. She spoke to the critical need of building child-friendly infrastructure and cities. California's Secretary of Business, Consumer Services, and Housing Agency?Tomiquia Moss (photo, bottom right) also offered insights. The Secretary's five key recommendations about increasing housing supply, which Shelly believes also apply to #childcare: 1. We have to believe it’s possible to solve the housing (and child care) emergency. 2. We need more housing (and child care). 3. Housing (and child care) justice is racial justice. 4. Concurrent investments across multiple streams of funding are needed. 5. Political will and courage is needed.

LIIF's community facilities #lending in the news. News is my Business article on Boys and Girls Club of Puerto Rico @ tinyurl.com/4phfe2zb. Puerto Rico Gov. Pedro Pierluisi during the groundbreaking stated: “We are committed to Oasis ... and will be supporting the work that is being done here and that is now expanding with this comprehensive model.” LIIF's $3.71 million loan was part of a $14.83 million loan to support the construction of the Boys and Girls Club of Puerto Rico’s new Oasis Hub in San Juan. This 134,000-square-foot, mixed-use development will house the Vimenti Alliance Public School, Vitalus health clinic, workforce development programs and family wrap-around services. Adjacent to a Head Start program, the hub aims to bolster educational and economic outcomes in a historically excluded community where 87% of families live below the poverty line.

POLICY UPDATE: In a new rule effective October 2024, Head Start agencies can now “make an adjustment to a family’s gross income calculation for the purposes of determining eligibility in order to account for excessive housing costs.” This means that many families whose incomes marginally exceed the federal poverty line, which sat at $31,200 for a family of four in 2024, may now be able to access Head Start if they are spending a significant portion of their income on housing.? Learn more @ https://lnkd.in/gxZcBPjm. #childcare #policy #CDFI #CDFIs #childcareprovider #childcareproviders

As part of our #socialenterprise model, LIIF’s IT team recently made a donation of 23 decommissioned laptops, plus related items, to Tech Exchange. That Bay Area organization has been bridging the digital divide for almost three decades, with a mission “to empower communities through technological inclusion, while fostering a more equitable, sustainable and connected future.”

LIIF was honored to have our President Kimberly Latimer-Nelligan (top photo, speaking) share her expertise on a panel, "Rural Child Care in the United States," at today's USDA "2024 National Rural Child Care Forum" in the nation's capital. Kim was joined on this panel by other #childcare sector leaders: Moderator: Deidre Deculus Robert, Esq. Panelists: Susan Gale Perry, Heidi Hagel Braid and Barb Fabre Key takeaways: >Child care is infrastructure >The child care emergency is most pronounced in rural communities, including Native communities, due to ... - limited supply/choices - limited transportation - lower population density - fewer skilled providers - lower incomes This is why co-location of child care and #affordablehousing is one solution, with another solution being the creation of a dedicated federal child care facilities fund. Administration for Children and Families (ACF) #CDFI #CDFIs #childcareprovider #childcareproviders #communitydevelopment #lending #lendingsolutions #grants

LIIF was proud to be a sponsor of the evening reception at the U.S. Chamber of Commerce Foundation's "National #ChildCare Innovation Summit" this summer. Read five key takeaways in our latest blog @ https://lnkd.in/gqmWB_WS. Let's keep the conversation going. #policy #CHIPS #macroeconomics #smallbusiness #childcareproviders #CDFI #CDFIs U.S. Chamber of Commerce

ICYMI: It's the LIIF August 2024 #newsletter @ https://lnkd.in/gyQwTjZv.

Affordable Housing Policy News: LIIF coordinated with the Capital Magnet Fund (CMF) Coalition on comments to the revised CMF Interim rule (read comment letter @ https://lnkd.in/g5ARGTgq). The interim rule proposes revisions to definitions and program requirements, revisions to project-level requirements, updates to address business practices in affordable housing and the consolidation of economic development activities under a new section for a more comprehensive articulation of such criteria.?The letter provides recommendations the coalition believes will make the CMF program more accessible to affordable housing providers. This includes proposed actions that are a mixture of regulatory and sub-regulatory practices. #CapitalMagnetFund #CMF #CDFI #affordablehousing #policy

Happy #LaborDay weekend. LIIF celebrates our hardworking staff and Board, plus all those in the #CDFI, #affordablehousing and #childcare sectors who work daily to create equity of opportunity in historically excluded communities across the nation. Join our team. LIIF Careers page @ https://lnkd.in/gPfkpr7.