Accessible Child Care

Goldman Sachs provided a $20 million loan as part of our One Million Black Women initiative

LIIF takes an innovative approach to creating quality and affordable child care spaces that support working families, often co-located with affordable housing. As part of Goldman Sachs’ One Million Black Women initiative, Goldman Sachs’ Urban Investment Group provided a $20 million loan to support LIIF’s innovative new Brighter Futures Fund — to be deployed primarily in New York City, San Francisco, Los Angeles, Washington, D.C., and Atlanta, with emphasis on centers that are owned by Black women or serve Black mothers and families. Goldman Sachs also provided LIIF with $1.6 million of additional funding for the program through a philanthropic grant. This combined support will allow LIIF to build the new program from the ground up through grassroots outreach, hiring dedicated staff and delivering specialized technical assistance to affordable housing developers and early childhood education operators, who often have to navigate complex financing structures and regulatory requirements.