Low Income Investment Fund received a $4,957,678 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activities benefiting low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a leading community development financial institution, Low Income Investment Fund will utilize the April 10, 2023 grant to provide $4.9 million in financing and development services supporting affordable housing preservation and community revitalization through June 30, 2028. Specifically, the organization will deliver lending, investments, and financial services to create and sustain affordable housing, education facilities, childcare centers, healthcare clinics, healthy food retail, and other community assets for underserved populations.
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