Healthy Food Retail Lending Financing Guidelines
Overview
A fact sheet on Reinvestment Fund's Retail Lending Guidelines.
A fact sheet on Reinvestment Fund's Retail Lending Guidelines.
The Community Development Financial Institutions (CDFI) provides a series of technical assistance webinars related to financing healthy food options.
The New York Healthy Food & Healthy Communities (HFHC) Fund is a $30 million public-private partnership that provides financing to build and expand food markets in neighborhoods with limited or no access to affordable, nutritious food.
A lending program and set of loan and grant products from IFF. It is designed to invest approximately $30 million over the next three to four years in full service grocery stores to increase the availability of fresh food in high need communities throughout Illinois.
FEED DC Act incentivizes grocery store development. The Act builds on the District’s existing Supermarket Tax Exemption to create a package of incentives and assistance for new grocery store developments and for grocery store renovations in lower-income parts of the city.
The City of New Orleans prioritized healthy food retailing in the strategic rebuilding of the city by creating the Fresh Food Retailer Initiative Program (FFRI). The program provides direct financial assistance to retail businesses by awarding forgivable and/or low-interest loans to supermarkets and other fresh food retailers.
California launched a new model for financing healthy food access, with leadership from philanthropy. The California Endowment and partners developed the California FreshWorks Fund (CAFWF), a public-private partnership loan fund created to increase access to healthy foods in underserved communities; spur economic development that supports healthy communities; and inspire innovation in healthy food retailing.
Community development corporations are non-profit, community-based organizations that anchor capital locally through the development of both residential and commercial property, ranging from affordable housing to shopping centers and even businesses. First formed in the 1960s, they have expanded rapidly in size and numbers since. An industry survey published in 2006 found that 4,600 CDCs promote community economic stability by developing over 86,000 units of affordable housing and 8.75 million square feet of commercial and industrial space a year.