LIIF Commits $1 Million to Communities Affected by Sandy
The Low Income Investment Fund’s (LIIF’s) thoughts and concerns are with the people and communities affected by Hurricane Sandy. To support recovery efforts, LIIF is committing $1 million to ensure that those hardest hit by the storm have access to food and much needed services.LIIF’s New York staff has reached out to our local network to understand the needs in the communities we serve. As a result, LIIF is providing deeply subsidized loans and grants to grocery stores and social service nonprofit clients that operate in areas of high need, such as the Rockaways, Coney Island and Staten Island. These organizations can use the funds for inventory, facilities repair and working capital so they can reestablish themselves in their local communities.Among the first projects that LIIF is supporting is St. John’s Bread & Life, an emergency food provider that has been using its mobile soup kitchen in the immediate aftermath of the storm to deliver thousands of meals and supplies to affected areas. Already in the process of gearing up for the holidays, Bread & Life has added emergency outreach efforts to families who continue to grapple with displacement, ongoing power outages and hunger.
LIIF is also committed to rebuilding neighborhoods and helping families and businesses return to their communities. LIIF is providing funds to rebuild aKey Food store in Coney Island operated by Amy and Joe Doleh. The husband and wife entrepreneurs opened the store in 2009 and previously received financing from LIIF to break ground on a new Key Food in Staten Island. Located in one of the most affected areas of New York, the Doleh’s Coney Island store was flooded with five feet of water. After the storm, the store was unfortunately further damaged by looters. The Dolehs will use the funding from LIIF to repair the building and restock their shelves, so they can get back to providing groceries to their neighbors.
LIIF is fully committed to continuing to find ways to support vulnerable families, help small businesses get back on their feet and rebuild communities affected by this disaster.