About
The Low Income Investment Fund (LIIF) is a community development financial institution (CDFI) headquartered in San Francisco that mobilizes capital and partners to strengthen low-income communities across the United States. Established in 1984, LIIF deploys capital through loans and grants for affordable housing, early care and education, and community facilities, and has invested more than $3.5 billion in facilities and programs benefiting 2.5 million people.
Mission
LIIF's vision is that everyone in the United States should benefit from living in a community of opportunity, equity, and well-being. As a CDFI, it works to realize that vision by financing the buildings and programs that communities need.
What they do
- Provides loans and grants as a community development financial institution
- Finances affordable housing development
- Finances early care and education facilities and programs
- Finances community facilities that serve low-income neighborhoods
- Operates from its San Francisco headquarters with regional offices in Los Angeles, New York, Washington, D.C., and Atlanta
History
LIIF was established in 1984. Since its founding, the organization has invested more than $3.5 billion through loans and grants in facilities and programs benefiting 2.5 million people.
Scale and impact
According to LIIF, it has invested over $3.5 billion since inception, benefiting 2.5 million people. Its strategic goal for 2020-2030 is to drive $5 billion in investments to strengthen communities.
Financials
Per ProPublica Nonprofit Explorer (IRS filings, fiscal year ending June 2025), LIIF reported revenue of $123,432,648, expenses of $72,551,940, total assets of $786,532,068, and net assets of $217,216,634. Funding came from contributions ($70.1 million, 56.8%), program services ($49.3 million, 39.9%), and investment income ($4 million, 3.2%). Consistent with its lending model, the organization carries substantial liabilities ($569.3 million) against its asset base. LIIF is a 501(c)(3) organization with EIN 94-2952578.
Governance
Daniel Nissenbaum serves as Director and CEO. The board of directors is chaired by Reymundo Ocanas, with Jessica Sager as vice chair, per the organization's most recent IRS filing on ProPublica.