CDFI Fund Awards LIIF $3 Million for Healthy Food Financing
Today, the Low Income Investment Fund (LIIF) received a $3 million award from the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. LIIF was one of only 12 organizations nationally to receive an award.
LIIF will use the funds to further its work to increase access to nutritious and healthy food in low income and underserved communities through the New York Healthy Food & Healthy Communities (HFHC) Fund. The HFHC Fund is an innovative $30 million financing program to increase access to healthy food in underserved communities throughout New York. The HFHC Fund provides financing and technical assistance to build and expand healthy food retail in distressed neighborhoods. In this way, the fund increases options for nutritious food, promotes better health for nearby residents and supports local job opportunities.
Funds for the awards announced today were provided through the Healthy Food Financing Initiative, a multi-agency effort involving the U.S. Department of the Treasury, the U.S. Department of Agriculture and the U.S. Department of Health and Human Services.