Nancy Andrews is the President and CEO of the Low Income Investment Fund (LIIF), with over 30 years of experience in the community development field.
LIIF is an approximately $800 million Community Development Financial Institution (CDFI) that has invested $1.5 billion in community projects. Since 1984, LIIF has served 1.7 million Americans, investing to create, enhance and preserve affordable housing, child care centers, schools, healthy food retail, health clinics, green facilities and transit-oriented development in distressed neighborhoods nationwide. LIIF is trailblazing new ways to tie together housing and health and to measure the social value of investments through their Social Impact Calculator.
What is the power unlocked when private capital is invested in low-income communities?
“In the past, we built our neighborhoods and cities in ways that divided and segregated us – from the homes we live in to the roads we drive on. The next decade will see trillions of dollars invested in new transit systems, roads, preparations for climate change and infrastructure. How we make these investments will shape our neighborhoods and cities for decades to come. This time, we must build in a way that advances racial equity, breaks down isolation and creates an inclusive economy that works for everyone, no matter where you live or the color of your skin.”
In addition to her work at LIIF, she serves on numerous boards and committees, including Bank of America’s National Community Advisory Council, Morgan Stanley’s Community Development Advisory Committee, Capital One’s Community Advisory Council and the National Housing Law Project. Nancy was also previously a member of the Federal Reserve Board’s Consumer Advisory Council. She is a recognized expert on the challenges facing America’s neighborhoods and is frequently asked to testify before Congress and speak at conferences and events. Her most recent book, jointly edited with David Erickson, is titled Investing in What Works for America’s Communities: Essays on People, Place, and Purpose.
Previously, Nancy served as the Deputy Director of the Ford Foundation’s Office of Program Related Investments, where she assisted in the management of a $130 million social investment portfolio. She also designed and launched the foundation’s housing policy program. Nancy was the Chief Financial Officer of the International Water Management Institute, a World Bank-supported international development organization. Additionally, Nancy has been an independent consultant on community development, social investment, financial analysis and housing policy. In this capacity, she consulted for the Department of Housing and Urban Development and the Department of Treasury during the Clinton administration.
Nancy received an M.S. in Urban Planning with a concentration in Real Estate Finance from Columbia University. She was recognized in September 2016 as one of Living Cities' 25 Disruptive Leaders working to close racial opportunity gaps.