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IFF

IFF used HFFI financing to establish the Healthy Food Access Program to finance both forprofit and nonprofit grocery stores in areas without access to fresh and healthy food. IFF has funded five grocery projects to date, including two in Missouri: Jefferson Commons Save-A-Lot and the St. Louis Food Hub and Grocery Store. The Jefferson Commons Save-A-Lot partners with Casa de Salud, a neighborhood health and wellness organization, to promote the Despensa de Salud program to build skills in healthy cooking. The St. Louis Food Hub and Grocery Store, opened in January 2014 in a low-supermarket-access neighborhood, is expected to create over 100 jobs and see annual sales between $12 and 15 million. You can find more information here.

Source of money: HFFI CDFI-Financial Assistance Program

Note: IFF is a CDFI headquartered in Illinois that is using HFFI financing in Iowa, Missouri, and Wisconsin.

 

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