Inside the $1 Billion Bid to Rescue Affordable Housing

A groundbreaking initiative aims to tackle the pressing issue of affordable housing in the U.S. amidst the backdrop of the Covid-19 pandemic’s economic fallout. In a significant move, the Low Income Investment Fund (LIIF) and the Stewards of Affordable Housing for the Future (SAHF) have partnered with the National Affordable Housing Trust (NAHT) to raise $1 billion over the next five years. Their objective is to subsidize the construction and preservation of thousands of affordable homes. Key players in this endeavor, such as the LIIF, work towards promoting equitable development and intend to channel billions into racial equity initiatives, highlighting the intertwined issues of housing, economic opportunity, and racial justice.