LOW INCOME INVESTMENT FUND

Capital for health families and communities

aka LIIF   |   San Francisco, CA   |  www.liifund.org

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.

Ruling year info

1986

Principal Officer

Mr. Dan Nissenbaum

Main address

50 California St, Suite 2900

San Francisco, CA 94111 USA

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EIN

94-2952578

NTEE code info

Economic Development (S30)

Community, Neighborhood Development, Improvement (S20)

Fund Raising and/or Fund Distribution (S12)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Education

Quality education is essential to ending the cycle of poverty. It is a critical factor in enhancing a person’s opportunity for economic mobility and asset growth, and puts every child in a position to excel. Public charter schools are a promising alternative to some traditional public schools in underserved neighborhoods, but face significant barriers to expansion. Lack of access to facilities is cited as a primary barrier for many high-performing charter schools. LIIF provides capital for charter schools, which often lack access to traditional public funding mechanisms. In this way, LIIF increases the number of educational opportunities in poor neighborhoods and the life chances of the students in those communities.

Impact
Education is one of the most effective tools to lift people out of poverty. A high school graduate is likely to earn $270,000 more than a high school dropout over his or her lifetime.
$3.9 billion in social value created for students
$452 million invested
238,000 family members benefiting from quality educational opportunities
75,000 spaces in quality schools built or enhanced

Population(s) Served

Being able to afford a safe, quality home enables parents to work, save money and invest more resources in their children’s health and education. LIIF was founded over a quarter century ago to promote affordable housing as a primary way to help families escape poverty. Investing in building and improving affordable homes for low income people remains a cornerstone of LIIF’s poverty alleviation strategy. Through this program LIIF has financed tens of thousands of homes nationwide and saved families billions in household expenses.

Impact
Stable housing creates stable families that can provide for their children’s health and education.

$22.6 billion in social value created
$951 million invested
182,000 people in affordable homes
66,000 homes for low income families and individuals built or enhanced

Population(s) Served

High-quality early care and education assures a strong start on the skills necessary for a child’s future success in school and life. Children in stimulating early education programs are more likely to be academically successful and less likely to need adult social services. Quality, affordable child care is an investment that enables the whole family to succeed by permitting low income parents to work or attend school while feeling confident about their children’s well-being. Unfortunately, demand far exceeds supply for high-quality child care, particularly for low income families. Using capital, capacity building and public advocacy together, LIIF builds sustainable community-based systems to support child care facility financing and development.

Impact
Children who attend well-run child care programs do better in school and have lower rates of crime, delinquency and welfare dependence.

$19 billion in social value created for children and families
$114 million invested
818,000 family members benefiting from quality child care
256,000 spaces in child care facilities built or enhanced

Population(s) Served

Sound public policy makes a difference for low income neighborhoods. LIIF partners with leading advocacy and community development organizations to strengthen public institutions and policies that support low income families and communities. LIIF informs policymakers about the benefits of community capital investments in poverty alleviation, and advocates for public policies that further these goals.

LIIF’s policy efforts are the key to taking our work to scale. One of LIIF’s key strengths is our ability to combine public and private capital to benefit local communities. However, capital alone will not achieve our mission—to increase our impact our policy efforts work towards systemic change. Our programs each leverage public sector resources and partnerships to reach families below the poverty threshold. LIIF’s policy program is a critical piece of our strategy to address the epidemic of poverty affecting 37 million Americans today.

Population(s) Served

More than 75% of jobs in the US are located five miles or more beyond central business districts, but most low income workers are concentrated in urban communities, where housing is more affordable. This dislocation of home and work means low income workers are often burdened with additional transportation costs in order to get, and keep, their jobs. LIIF’s transit-oriented development (TOD) program invests in projects that place affordable housing and vital community services close to accessible transportation. This helps low income people to reduce the cost of commuting and have access to retail and other services close to home. LIIF’s TOD program provides social, economic and environmental benefits to low income families and their neighborhoods.

Population(s) Served

Strong, Prosperous, And Resilient Communities Challenge (SPARCC) is investing in and amplifying local efforts underway in six regions to ensure that new investments reduce racial disparities, build a culture of health, and prepare for a changing climate. The initiative’s long-term goal is to change the way metropolitan regions grow, invest, and build through integrated, cross-sector approaches that benefit low-income people and communities of color.

Where you grow up is one of the strongest predictors of future success. The systems that currently shape the built
environment – who sets the vision and makes decisions, what kinds of development and infrastructure are incentivized in neighborhoods through public policy, and how the unseen rules of capital determine what is built and who benefits – are exacerbating racial, health, and climate vulnerability disparities. SPARCC seeks to ensure that low-income people and communities of color have a fair shot at a healthy, prosperous life, regardless of race and place.

Population(s) Served

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

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 community-building initiatives. In so doing, LIIF provides a bridge between private capital markets and low income neighborhoods.

LIIF partners with leading public and private sector institutions and community organizations to connect low income communities with the capital markets. LIIF uses its financial acumen and disciplined approach to capital raising and deployment to invest in economic development projects in underserved communities.

Programs: LIIF’s programs work together to create a comprehensive approach to community development based on a vision for healthy communities – green, economically vibrant places, where people live, learn and grow to their full potential.

Financial Products: LIIF provides flexible, affordable financing solutions through a wide range of products, including loans, grants, New Markets Tax Credits and technical assistance.

Projects: LIIF invests in projects that provide opportunities for people to lift themselves out of poverty, such as affordable homes, high-performing schools and quality child care. We encourage you to browse through our projects to learn more about our work, our dedicated community partners and investors and the incredible people we serve.

Policy: LIIF enhances its community development impact through federal, state and local policy efforts. LIIF’s public policy work is the key to taking our impact to scale.

Financials

LOW INCOME INVESTMENT FUND
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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LOW INCOME INVESTMENT FUND

Board of directors
as of 08/21/2019
SOURCE: Self-reported by organization
Board chair

Carol Naughton

Purpose Built Communities

Term: 2019 -

Daniel A. Nissenbaum

Low Income Investment Fund

Russell Bruemmer

Wilmer, Cutler Pickering Hale and Dorr

Derek Douglas

University of Chicago

David Fleming

PATH

Pamela Johnson

William Kelley

Stewards of Affordable Housing for the Future

Laksiri Abeysekera

World Agroforestry Center

Janis Bowdler

JPMorgan Chase

Rey Ocanas

BBVA Compass

Carol Naughton

Purpose Built Communities

Margerat Chinwe Anadu

Goldman Sachs Bank

Donna Gambrell

Appalachian Community Capital

Michael A. Solomon

Charles Schwab

Roy Swan

Ford Foundation

Erika C. Poethig

Urban Institute