This is the conclusion of Katie’s conversation with ChangeMaker, Daniel Nissenbaum, the Chief Executive Officer of the Low-Income Investment Fund, one of the largest investors in low-income neighborhoods throughout the United States. Before becoming CEO of LIIF, Dan was a Managing Director at Goldman Sachs, where he oversaw Community Reinvestment Act compliance for the firm’s Urban Investment Group and capital investment for the 10,000 Small Businesses program.
About Daniel A. Nissenbaum:
Daniel is Chief Executive Officer of the Low Income Investment Fund (LIIF). LIIF is a Community Development Financial Institution (CDFI) that has invested $2.8 billion in community projects. LIIF’s investments have leveraged $12 billion in private capital for poor communities in 31 states across the U.S. and generated over $70 billion in benefits for families and society.
Established 35 years ago, LIIF has served more than 2.2 million low income people by providing capital for 83,000 affordable homes for families and children, 276,000 spaces of child care and 99,000 spaces in schools. LIIF targets the poorest of the poor and builds bridges out of poverty for low income people and their communities. LIIF is a national CDFI with staff and offices in San Francisco, Los Angeles, New York City, Washington, D.C. and Atlanta.
Prior to assuming the leadership of LIIF, Mr. Nissenbaum was a Managing Director at Goldman Sachs, where he oversaw Community Reinvestment Act compliance for the firm’s Urban Investment Group and capital investment for the 10,000 Small Businesses program. Previously, he also held real estate and community development finance positions at Chemical Bank, Chase Manhattan Bank Community Development Corporation (CDC), JPMorgan CDC and HSBC Bank. In addition, Mr. Nissenbaum served as an Investment Officer with the Merrill Lynch Community Development Company, where he was actively involved in debt financings, including construction lending, revolving credit facilities and other community development financings to for-profit and non-profit intermediaries.
He holds positions on several boards including the Morgan Stanley Community Development Advisory Board, National Association of Affordable Housing Lenders, and Rail~Volution. Mr. Nissenbaum was Chairman of the Board of Governors and a Trustee for the National Housing Conference and served as a Member of the Advisory Boards of UV Partners, Center for Housing Policy, The Center for NYC Neighborhoods and the Bill T. Jones/Arnie Zane Dance Foundation.
Mr. Nissenbaum earned a Bachelor’s Degree from Grinnell College and a Master’s of Business Administration from Columbia Business School.
Hosted By: Katie Goar