Low Income Investment Fund Joins FHLBank San Francisco

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced that the Low Income Investment Fund (LIIF), a nonprofit CDFI that has invested $1 billion in low income communities nationally, has become a member of the Bank. “Federal Home Loan Bank membership gives the LIIF reliable access to low-cost funding and financial risk management tools to further expand its lending capacity,” said Nancy O. Andrews, President and Chief Executive Officer of LIIF. “Financing from the Bank will allow LIIF to continue its mission of mobilizing capital at scale to make high-impact loans for projects that support healthy families and communities, such as affordable housing, charter schools, transit-oriented developments, childcare centers, healthy food retail and health centers.”

MarketWatch

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