Low Income Investment Fund Expands with Three New Directors

Contact:?

Carolyn Smith?

Vice President, Strategic Communications?

Low Income Investment Fund (LIIF)

49 Stevenson St., Suite 300, San Francisco, CA 94105

(470) 381-2264

[email protected] ??

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For Immediate Release?

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Low Income Investment Fund Expands with Three New Directors??

?Increases Board to 17 members who are experts in their fields

SAN FRANCISCO (June 27, 2023) – The Low Income Investment Fund (LIIF) is pleased to announce the election of three new directors to its national board: Gloria Lee, co-founder and head of Rise Community Capital; Erika Poethig, former senior advisor on housing and urban policy to the Biden Administration; and Yohana Quiróz, chief operations officer at Felton Institute.

“The new board directors will provide expert perspective that will guide us as we work towards our goal of achieving $5 billion in capital deployed across our focus areas of affordable housing, child care and impact lending,” said Chief Executive Officer Daniel A. Nissenbaum of LIIF. “Our new directors share our commitment to address and mitigate racial inequities.”?

The new additions expand the Board to 17 people and deepens the group’s expertise in the child care sector, housing, investment strategies, and measurement and evaluation. Further, the new board members increase the number of board members directly engaged with underserved communities.???

Gloria Lee?

Co-Founder and Head, Rise Community Capital, LLC?

“It is vital for entities like LIIF to prioritize deploying capital to communities often excluded and overlooked by our financial markets. I look forward to supporting LIIF’s efforts to address this need.”?

Lee is the Co-Founder and Head of Rise Community Capital, LLC, a minority- and women-owned firm providing strategic and capital advisory services to improve opportunities for lower income families and working class neighborhoods throughout the United States and Puerto Rico. Lee brings over 25 years of experience in commercial and non-profit real estate, community development finance, and social impact analysis. She has secured, structured and deployed more than $2.7 billion of debt and equity capital during her career throughout the U.S. and Puerto Rico.?

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Erika Poethig?

Housing and Urban Policy Expert??

“I’m excited to rejoin a dynamic group committed to helping an organization like LIIF address the ongoing housing issues our nation faces.”???

Poethig was most recently the Special Assistant to the President for Housing and Urban Policy in the White House Domestic Policy Council.? In this capacity, she led interagency policy development on the housing and community development components of the President’s Build Back Agenda.?Prior to joining the Biden-Harris administration she served as vice president and chief innovation officer at the Urban Institute, where she created and led the Research to Action Lab, an innovation hub serving decisionmakers and creative thinkers eager to effect social change. Poethig previously served on LIIF’s board from 2020 to 2021.???

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Yohana Quiróz, Ed.D?

Chief Operations Officer, Felton Institute?

“LIIF’s unwavering commitment to providing a diversity of capital resources has been transformative for the Felton Institute, empowering us to sustain the quality and expand our vital early care and education programs in San Francisco. Together, we are shaping a future where every child, regardless of their background, has access to the highest quality early learning experience.”?

At the Felton Institute, Dr. Quiróz serves as its Chief Operations Officer developing its vision, and managing publicly funded early care and education, early intervention & inclusion, family support, and community-based behavioral/mental health services via a two-generation, holistic, and culturally responsive approach. Dr. Quiróz brings over 25 years of experience and leadership in early childhood and has been instrumental in leading strategic partnerships, agency-wide growth initiatives, program development, budgets, and facilities, including new child care co-development projects with affordable housing communities in three different San Francisco neighborhoods.?

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About the Low Income Investment Fund

The Low Income Investment Fund (LIIF) is a national community development financial institution (CDFI), headquartered in San Francisco with offices in New York City, Atlanta, Los Angeles and Washington, D.C., that invests in communities of opportunity, equity and well-being. As a CDFI, LIIF supports projects that have high social value but lack access to traditional financial institutions. Since 1984, LIIF has deployed more than $3.2 billion to serve more than two million people in communities across the country from its five offices. An S&P-rated organization, LIIF funds healthy communities by providing innovative capital solutions.???

liifund.org

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