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.
Partners
The partners also gratefully acknowledge Simpson Thacher & Bartlett LLP, which provided significant pro bono legal services to establish the fund.
