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Low Income Investment Fund

Low Income Investment Fund

San Francisco, CA 94111
Tax ID94-2952578

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About this organization

Revenue

$54,341,148

Expenses

$45,055,933

Mission

The Low Income Investment Fund (LIIF) is dedicated to creating pathways of opportunity for low income people and communities. Serving the poorest of the poor, LIIF is a steward for capital invested in housing, child care, education and other community-building initiatives. In so doing, LIIF provides a bridge between private capital markets and low income neighborhoods.

About

LENDING ACTIVITIES: LIIF EMPLOYS A HOLISTIC STRATEGY THAT FOCUSES ON FIVE PRIORITY PROGRAMS--AFFORDABLE HOUSING, CHILD CARE, K-12 EDUCATION, TRANSIT ORIENTED DEVELOPMENT AND HEALTH (THROUGH ACCESS TO HEALTHY FOOD AND HEALTH CARE CLINICS). THESE PROGRAMS ARE SUPPORTED BY LIIF'S FEDERAL POLICY PRESENCE THAT WORKS TO PRESERVE AND MAINTAIN COMMUNITY CAPITAL PROGRAMS. LIIF USES INNOVATIVE STRATEGIES TO ATTRACT PRIVATE CAPITAL TO AREAS WITH UNDERSERVED COMMUNITIES THAT WOULD OTHERWISE BE OUT OF REACH. SINCE INCEPTION, WE HAVE PROVIDED OVER $2.64 BILLION TO PROJECTS SERVING LOW INCOME INDIVIDUALS AND FAMILIES, AND THESE INVESTMENTS HAVE LEVERAGED $12.9BILLION IN OTHER CAPITAL INVESTMENTS. LIIF'S WORK SUPPORTS THOSE MOST IN NEED - OF THE 2.2 MILLION PEOPLE SERVED THROUGH LIIF'S FINANCING AND TECHNICAL ASSISTANCE - NEARLY 97% HAVE BEEN LOW INCOME.LIIF'S FLEXIBLE AND AFFORDABLE CAPITAL FILLS A GAP FOR COMMUNITY DEVELOPMENT ORGANIZATIONS THAT ARE UNABLE TO CONSISTENTLY ACCESS LOANS FROM TRADITIONAL FINANCIAL INSTITUTIONS. LIIF MAKES DIRECT LOANS THROUGH ITS REVOLVING LOAN FUND ("RLF") AND OTHER LOAN FUNDS. LIIF ALSO UNDERWRITES AND PACKAGES LOANS ACQUIRED BY BANKS, OTHER INTERMEDIARIES AND CONVENTIONAL LENDERS THROUGH INNOVATIVE PROGRAM-SPECIFIC FUNDS TO SUPPORT COMMUNITY DEVELOPMENT ORGANIZATIONS ACROSS THE NATION.LIIF COMPLEMENTS ITS LOANS WITH THOROUGH, TIME-INTENSIVE TECHNICAL ASSISTANCE ("TA"). LIIF'S TA GUIDES ORGANIZATIONS THROUGH REAL ESTATE DEVELOPMENT, HELPING THEM DEVELOP AND SUSTAIN THEIR FINANCIAL STABILITY TO ENSURE PRUDENT PLANNING AND MANAGEMENT OF THEIR FINANCIAL OBLIGATIONS, AND ULTIMATELY ENABLING THESE COMMUNITY BORROWERS TO READY THEIR ORGANIZATIONS TO APPROACH CONVENTIONAL LENDERS.AFFORDABLE HOUSING IS THE CORNERSTONE OF LIIF'S WORK, COMPRISING NEARLY HALF OF THE ORGANIZATION'S HISTORICAL ACTIVITY. SINCE ITS INCEPTION, LIIF HAS INVESTED NEARLY 1.1 BILLION TO SUPPORT THE DEVELOPMENT OF 80,166 UNITS OF AFFORDABLE HOUSING, WHICH HAS PRODUCED ENHANCED LIVING CONDITIONS AND SAVED LOW INCOME FAMILIES MORE THAN $22 BILLION THROUGH REDUCED HOUSING COSTS. AVAILABILITY OF AFFORDABLE HOUSING IS VITAL IN CREATING A FOUNDATION FOR COMMUNITY REVITALIZATION AND FAMILY STABILITY, LINKED, AS IT IS, TO EMPLOYMENT, WAGE GAINS, EDUCATIONAL ATTAINMENT, AND IMPROVED HEALTH FOR POOR FAMILIES.EDUCATION IS A KEY COMPONENT IN ENHANCING OPPORTUNITIES FOR ECONOMIC MOBILITY AND ASSET GROWTH FOR LOW INCOME HOUSEHOLDS. LIIF LAUNCHED ITS EDUCATION PROGRAM IN 1998, AND CURRENTLY FOCUSES ON HELPING CHARTER SCHOOLS BRING QUALITY EDUCATIONAL OPPORTUNITIES TO UNDERSERVED, DISTRESSED COMMUNITIES. LIIF'S EDUCATION PROGRAM USES A THREE-PRONGED APPROACH TO ACHIEVE ITS GOALS: PROVIDING DIRECT FINANCING FOR SCHOOLS, LEVERAGING THIRD-PARTY CAPITAL FOR SCHOOLS, AND BUILDING THE CAPACITY OF SCHOOL DEVELOPERS AND THE EDUCATION SYSTEM. LIIF IS ONE OF THE LARGEST CDFI CHARTER SCHOOL FINANCIERS IN THE NATION, HAVING INVESTED OVER $684 MILLION SUPPORTING THE DEVELOPMENT OF 98,138 QUALITY CHARTER SCHOOL SPACES FOR LOW-INCOME STUDENTS.LIIF'S TRANSIT ORIENTED DEVELOPMENT (TOD) PROGRAM INVESTS IN PROJECTS THAT PLACE AFFORDABLE HOUSING AND VITAL COMMUNITY SERVICES CLOSE TO ACCESSIBLE TRANSPORTATION. LIIF MANAGES THE $50 MILLION BAY AREA TRANSIT-ORIENTED AFFORDABLE HOUSING (TOAH) FUND, AN INNOVATIVE STRUCTURED FUND THAT PROVIDES DEVELOPERS WITH FLEXIBLE, AFFORDABLE CAPITAL TO PURCHASE OR IMPROVE AVAILABLE PROPERTY NEAR TRANSIT LINES IN THE BAY AREA.

Interesting data from their 2020 990 filing

The purpose of the non-profit is outlined in the filing as “See schedule o”.

When discussing its operations, they were defined as: “Liif is a community development financial institution which provides a comprehensive range of programs to increase the availability of capital in low income communities.”.

  • The state where the non-profit operates has been legally reported as CA.
  • The filing indicates that the non-profit's address in 2020 is located at 521 FIFTH AVE STE 625, NEW YORK, NY, 10175.
  • The non-profit has reported 92 employees on their form as of 2020.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $9,285,215.
  • The organization has 12 independent voting members.
  • The organization was formed in 1984.
  • The organization pays $13,489,250 in salary, compensation, and benefits to its employees.
  • The organization pays $1,390,375 in fundraising expenses.

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