Three leading organizations working in affordable housing development and finance entered into a unique partnership to integrate their work. The three organizations are the Low Income Investment Fund (LIIF), a national Community Development Financial Institution; Stewards of Affordable Housing (Stewards), a nonprofit collaborative of 13 of the highest capacity housing developers and owners; and the National Affordable Housing Trust (NAHT), a nonprofit low-income housing credit syndicator. The joint venture will allow them to collaboratively address national affordable housing needs at scale, achieve long-term sustainability, and innovate to find new solutions. The SeaChange-Lodestar Fund for Nonprofit Collaboration provided a grant to help fund implementation costs of the partnership.
Grant Amount: $40,000
Year Granted: 2021
Grantee: Low Income Investment Fund (LIIF)