$25,000 Awardee – Advocacy
Low Income Investment Fund (LIIF), based in San Francisco, C.A., was selected for the Advocacy award for its vision and leadership in the creation of a unique funding stream for opportunity finance through the Capital Magnet Fund. Working with OFN and other CDFIs, LIIF took a lead role in advocating for the Capital Magnet Fund. Signed into law earlier this year as part of the Housing and Economic Recovery Act of 2008, the Capital Magnet Fund has the potential to bring hundreds of millions of dollars in new funding to the opportunity finance industry and nonprofit housing developers. LIIF recently opened a policy office in Washington, D.C., to increase its presence with Congress and to become even more involved in day-to-day advocacy on key national policy issues that serve to boost opportunity finance. For excellent work in championing the development of CDFIs, LIIF received the award for Advocacy.