Low Income Investment Fund (LIIF)

Golden State Acquisition Fund makes favorable, below-market-rate term loans to housing developers to acquire real property for the development and preservation of affordable housing. Historically, one major impediment to the development and preservation of affordable housing has been lack of ready access to capital by affordable housing developers for the acquisition of property. The Golden State Acquisition Fund was designed to meet the need for loans in amounts sufficient to purchase sites as they become available, with a speedy process from application to loan close.