Low Income Investment Fund
Quick Facts
Entity Synopsis
(415) 772-9094
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 community-building initiatives. In so doing, LIIF provides a bridge between private capital markets and low income neighborhoods. LIIF provides charter schools across the country with favorable and/or flexible terms, such as higher loan to values ratios (LTVs), longer amortization periods than available through conventional sources, varied loan terms and amounts, or non-traditional collateral options (e.g., leasehold mortgages or subordinated debt). Additionally, through the Tennessee Charter School Center (TCSC), LIIF delivers innovative capital tools and raises capital to build-out a private financing market for Tennessee charter schools. TCSC works on the ground with schools, delivering a robust capacity-building program that is custom designed to guide Tennessee- based charter schools in every step of the facility development process. LIIF and TCSC to deliver a state-wide program that offers a "one-stop shop" to address both the capital needs and the development capacity needs of Tennessee charter schools.
Entity Snapshot
Total Directly Enhanced: $144,994,566
Total Financing Leveraged: $172,101,300
Number of Schools Served: 25
Number of New Schools Served: 23
Total Directly Enhanced: $122,496,433
Total Financing Leveraged: $226,250,750
Number of Schools Served: 25
Number of New Schools Served: 24
Total Directly Enhanced: $95,026,000
Total Financing Leveraged: $54,820,700
Number of Schools Served: 9
Number of New Schools Served: 9
Total Directly Enhanced: $6,635,000
Total Financing Leveraged: $43,150,000
Number of Schools Served: 2
Number of New Schools Served: 2
Locations Served by CE Lenders
Schools Served
| School Name | Award Year | Federal Fiscal Year School Served | Amount of Financing Leveraged | Grant Funds Committed |
|---|---|---|---|---|
| ACADEMY OF WARREN | 2016 | 2020 |
$9,195,000.00 | $710,000.00 |
| ACE CHARTER SCHOOL | 2007 | 2012 |
$8,187,524.00 | $263,880.00 |
| ACHIEVEMENT FIRST PROVIDENCE MAYORAL ACADEMIES | 2007 | 2013 |
$350,000.00 | |
| ALBANY COMMUNITY CHARTER SCHOOL | 2007 | 2017 |
$4,901,478.00 | $150,000.00 |
| ALEXANDER TWILIGHT COLLEGE PREPARATORY ACADEMY | 2007 | 2009 |
$7,000,000.00 | $1,970,750.00 |
| ALLIANCE GERTZ RESSLER RICHARD MERKIN 6-12 COMPLEX | 2002 | 2006 |
$5,730,000.00 | $290,960.25 |
| AMANA NORTH ACADEMY | 2007 | 2020 |
$10,955,941.00 | $995,000.00 |
| ANIMO INGLEWOOD HIGH SCHOOL | 2002 | 2004 |
$5,941,500.00 | $75,000.00 |
| ANIMO INGLEWOOD HIGH SCHOOL | 2002 | 2005 |
$11,073,597.00 | $250,000.00 |
| ANIMO JEFFERSON MIDDLE SCHOOL | 2007 | 2011 |
$750,000.00 | $1,003,440.00 |
| ANIMO PAT BROWN CHARTER HIGH SCHOOL | 2007 | 2008 |
$6,291,399.00 | $610,785.24 |
| ANIMO RALPH BUNCHE CHARTER HIGH SCHOOL | 2007 | 2011 |
$25,341,081.00 | $1,003,440.00 |
| BELAIR-EDISON SCHOOL | 2007 | 2020 |
$4,412,894.00 | $280, 000 |
| BRONX CHARTER SCHOOL | 2007 | 2020 |
$8,772,000.00 | $665,000.00 |
| BRONX LIGHTHOUSE CHARTER SCHOOL | 2007 | 2011 |
$9,157,200.00 | $855,250.00 |
| CAMINO NUEVO CHARTER HIGH | 2002 | 2006 |
$25,341,081.00 | $296,520.00 |
| CAMINO NUEVO CHARTER MIDDLE SCHOOL | 2002 | 2003 |
$14,500,000.00 | $150,000.00 |
| CITY ARTS AND TECHNOLOGY ENVISION PUBLIC SCHOOLS | 2002 | 2005 |
$8,508,124.00 | $30,000.00 |
| CITYSCAPE SCHOOLS, INC. | 2016 | 2020 |
$1,488,500.00 | $135,000.00 |
| COLLEGE READY ACADEMY HIGH SCHOOL #7 | 2007 | 2009 |
$1,500,000.00 | $1,187,500.00 |
| COLLEGIO NEW CITY HIGH SCHOOL | 2002 | 2010 |
$300,000.00 | $520,000.00 |
| COMMUNITY CHARTER EARLY COLLEGE HIGH SCHOOL | 2002 | 2007 |
$9,100,000.00 | $510,000.00 |
| COMMUNITY CHARTER MIDDLE SCHOOL | 2002 | 2007 |
$5,428,000.00 | $510,000.00 |
| COMMUNITY COLLEGE PREPARATORY ACADEMY PCS | 2002 | 2017 |
$10,200,000.00 | $500,000.00 |
| DEEP ROOTS CHARTER SCHOOL | 2016 | 2018 |
$10,200,000.00 | 100% First Loss Reserve |
| DEMOCRACY PREP ENDURANCE CHARTER SCHOOL | 2007 | 2017 |
$15,461,347.00 | $780,000.00 |
| DOWNTOWN COLLEGE PREP ALUM ROCK MIDDLE SCHOOL | 2007 | 2015 |
$1,460,000.00 | $229,500.00 |
| EDNOVATE EAST COLLEGE PREP | 2007 | 2018 |
$8,240,000.00 | $150,000 of LIIF's funds (CIP separately enhanced its share of the leverage loan) |
| EDNOVATE EAST COLLEGE PREP | 2016 | 2019 |
$4,080,371.00 | $342,000.00 |
| EVA AND MARC STERN SCHOOL FOR MATH AND SCIENCE | 2002 | 2008 |
$17,700,000.00 | $222,390.00 |
| EXPLORE COMMUNITY SCHOOL | 2017 | 2018 |
$17,700,000.00 | Grant funds of $8MM are pooled to cover first losses for $50MM in loans. |
| FREDERICK DOUGLAS ACADEMY CHARTER HIGH SCHOOL | 2007 | 2010 |
$8,781,093.00 | $1,312,500.00 |
| FREDERICK DOUGLAS ACADEMY CHARTER MIDDLE SCHOOL | 2007 | 2010 |
$29,000,000.00 | $1,312,500.00 |
| GREEN DOT ANIMO OCHOA | 2002 | 2020 |
$12,210,000.00 | $699,750.00 |
| HARLEM PREP CHARTER SCHOOL | 2007 | 2017 |
$7,875,000.00 | $780,000.00 |
| HEKETI COMMUNITY CHARTER SCHOOL | 2002 | 2013 |
$7,875,000.00 | $200,000.00 |
| HERITAGE COLLEGE READY ACADEMY HIGH SCHOOL | 2002 | 2008 |
$8,240,000.00 | $191,250.00 |
| KIPP ANTIOCH COLLEGE PREP ELEMENTARY SCHOOL | 2017 | 2019 |
$11,000,000.00 | Grant funds of $8MM are pooled to cover first losses for $50MM in loans. |
| LAKEVIEW CHARTER ACADEMY MIDDLE SCHOOL | 2002 | 2007 |
$3,825,000.00 | $510,000.00 |
| LEE MONTESSORI PCS | 2007 | 2016 |
$14,150,000.00 | $850,000.00 |
| LOU DANTZLER CHARTER HIGH SCHOOL ICEF | 2007 | 2009 |
$10,200,000.00 | $1,187,500.00 |
| MATH AND SCIENCE COLLEGE PREPARATORY | 2007 | 2015 |
$15,750,000.00 | $850,000.00 |
| MATH AND SCIENCE COLLEGE PREPARATORY | 2007 | 2016 |
$9,100,000.00 | $850,000.00 |
| MILLSMONT ACADEMY | 2002 | 2005 |
$5,600,000.00 | $8,500.00 |
| NEW CITY SCHOOL | 2002 | 2010 |
$13,228,039.00 | $520,000.00 |
| NEW CITY SCHOOL | 2002 | 2012 |
$85,000.00 | $1,233,000.00 |
| PERSPECTIVES CHARTER SCHOOLS | 2016 | 2019 |
$5,428,000.00 | $1,197,375.45 |
| RICHARD MERKIN MIDDLE SCHOOL | 2002 | 2006 |
$5,428,000.00 | $290,960.25 |
| ROCKETSHIP DISCOVERY PREP | 2002 | 2011 |
$35,660,700.00 | $675,000.00 |
| SOMERSET PREPARATORY ACADEMY PCS | 2002 | 2017 |
$11,073,597.00 | $500,000.00 |
| STEM PREP ELEMENTARY | 2016 | 2020 |
$1,000,000.00 | $500,000.00 |
| THE SCHOOLS OF SCIENCE AND TECHNOLOGY - HILL COUNTRY | 2016 | 2020 |
$18,000,000.00 | $400,000.00 |
| TROY PREPARATORY CHARTER SCHOOL | 2007 | 2011 |
$10,500,000.00 | $329,033.00 |
| TURNBRIDGE SCHOOL | 2007 | 2020 |
$4,412,894.00 | $280, 000 |
| VIEW PARK PREP HIGH SCHOOL | 2002 | 2005 |
$15,461,347.00 | $259,455.00 |
| VIEW PARK PREPARATORY ACCELERATED CHARTER MIDDLE | 2002 | 2005 |
$5,800,000.00 | $259,455.00 |
| WASHINGTON LEADERSHIP ACADEMY | 2007 | 2016 |
$7,444,609.00 | $850,000.00 |
| WATTS LEARNING CENTER FOUNDATION | 2002 | 2008 |
$7,444,609.00 | $185,325.00 |
| WEST COUNTY COMMUNITY HIGH | 2002 | 2003 |
$15,750,000.00 | $33,640.00 |