New York Healthy Food & Healthy Communities Fund
The New York Healthy Food & Healthy Communities (HFHC) Fund was an innovative financing program, established to facilitate the development of healthy food markets in underserved communities throughout New York. The $30 million fund was part of a statewide initiative to promote healthy communities.
LIIF, The Reinvestment Fund and The Food Trust partnered to meet the financing needs of food markets in underserved communities, which often cannot obtain conventional financing for infrastructure costs and credit needs.
Fund participants obtained financing for capital projects and related predevelopment activities, including real estate acquisition, construction or rehabilitation, leasehold improvements, equipment and infrastructure.
Examples of Healthy Food Projects
FRESH Starts in New York City11.23.11
Staten Island Advance
It’s a breath of FRESH air as supermarket breaks ground11.21.11
LIIF Joins Mayor Bloomberg at Staten Island Grocery Ground Breaking11.20.11
Latino owners open supermarket and help create jobs in Highland Falls, New York10.28.11
Mid-Hudson Valley Community Celebrates New Supermarket & New Jobs
Press & Sun-Bulletin
Download article “Conklin Reliable Market Receives Grant”
NY Retailers Explore Food Desert Options
Governor Paterson Launches Public-Private Partnership to Expand Grocery Stores in Underserved Neighborhoods
Governor Paterson Announces Administrators for Healthy Food/Healthy Communities Initiative
The partners also gratefully acknowledge Simpson Thacher & Bartlett LLP, which provided significant pro bono legal services to establish the fund.