News tagged
as 'Eastern Region'
2013
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CDFI Response to Superstorm Sandy
In October 2012, Superstorm Sandy ravaged the East Coast, destroying homes, ruining local businesses and causing an estimated $60 billion in damages. For many of the families and businesses hardest hit by the storm, recovery meant undertaking longer term, larger scale rebuilding. With decades of expertise in helping small businesses and communities with economic development, CDFIs emerged as a pivotal player in the disaster relief efforts, filling the gap between the initial relief and longer term rebuilding efforts…
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New Hope in the New Year for Sandy-Affected Businesses
In a recent op-ed published in the Huffington Post, Mark Pinsky, President and CEO of Opportunity Finance Network, highlights the response of the CDFI industry in the devastating wake of Hurricane Sandy. Bringing attention to a number of projects that are helping to rebuild small businesses, healthy food providers, charter schools, low-income housing and community facilities, Mr. Pinsky places the spotlight on the key role of CDFIs — a common vision of making a difference for low income communities and people…
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Rebuilding Sandy-Afflicted Neighborhoods With Healthy Food Options
The lack of access to affordable, nutritious, and fresh foods remains a persistent problem as many parts of New York City and surrounding communities continue relief efforts in the wake of Hurricane Sandy. In a recent op-ed on The Huffington Post, Karen Karp, President of Karp Resources, highlights the need to confront the already-strained healthy food supply that has been further depleted by Hurricane Sandy…
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Bank of America Funds $20 Million Investment to Support Hurricane Sandy Rebuilding Efforts
LIIF is among 13 community development financial institutions (CDFIs) to receive funding from Bank of America to provide financing for small businesses and residents affected by Hurricane Sandy. Bank of America is committing $20 million in low cost financing to CDFIs through this initiative. As communities devastated by the storm move from relief to recovery…
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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.…
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Year-round Regional Farmers Market Planned for Broome County
LIIF is providing financing to Broome County for the construction of a permanent farmer’s market in a public park in Binghamton, NY. As part of LIIF’s New York Healthy Food & Healthy Communities (HFHC) Fund, the project will provide a consistent and permanent source of fresh produce to a surrounding community that currently lacks access…
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Newark Leaders Praise Community Health Center Expansion
U.S. Senator Frank R. Lautenberg (D-NJ) joined Newark City Council members and other city leaders to participate in a groundbreaking ceremony for the 20,000-square-foot expansion of the Newark Community Health Center (NCHC)…
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N.Y. Healthy Food & FRESH Program assists in the development of new supermarkets
In certain neighborhoods of New York there is a lack of supermarkets and nutritious food. Over the past three years, the New York Healthy Food & Healthy Communities Fund (HFHC) has provided $6.14 million in loans and grants to seven supermarket projects aimed at improving access to nutritious food for people in underserved communities in New York State.…
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Massachusetts Avenue Project unveils new food truck
The Massachusetts Avenue Project (MAP), which distributes healthy food to low income areas in Buffalo, New York, held a launch event for its new food truck. The New York Healthy Food & Healthy Communities Fund provided financing that enabled MAP to purchase of the truck.…
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Food Desert Fund Distributes $6 Million
Supermarket News discussed the progress of the New York Healthy Food & Healthy Communities (HFHC) Fund, which has provided more than $6 million in financing to food stores in underserved communities. The fund has recently provided financing to two stores in downstate New York, including a Foodtown in Mount Vernon and a Key Food in…
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