Bay Area CDFI Institutions Receive Treasury Grants

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LIIF was among several Bay Area groups to receive grant awards as part of the Department of Treasury’s Community Development Finance Institution (CDFI) Fund 2013 Program round. The CDFI Fund announced more than $172 million to 191 organizations nationally, which included a total of five Bay Area based recipients. LIIF was awarded a total of $4.3 million in grant financing, consisting of a $1.3 million Financial Assistance award and $3 million award through the Treasury’s Healthy Food Financing Initiative. LIIF will use the awards to provide flexible and affordable capital to support opportunities for low income people and increase access to healthy food in underserved communities.

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Source: San Francisco Business Times