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Cooperative Fund of New England

The Cooperative Fund of New England (CFNE) uses HFFI financing to increase healthy food access in New England and eastern New York State through the Healthy Food/Cooperative Communities initiative, which combines financing, development services, technical assistance, and data collection and measurement to increase low-income consumers’ utilization and membership in co-ops. This work led five food co-ops in the past year to start implementing new programs to better serve low-income communities. For example, HFFI financing supported the movement and expansion of the Honest Weight Food Co-Op in Albany, New York. You can find more information here.  

Source of money: HFFI CDFI-Financial Assistance Program

Note: The Cooperative Fund of New England is a CDFI headquartered in Massachusetts that is working throughout New England and eastern New York State.

Low Income Investment Fund

Low Income Investment Fund (LIIF) is using HFFI funding to provide financing and technical assistance to food markets located in, or planning to locate in, low- to-moderate-income communities that lack access to affordable, healthy food. LIIF has funded projects in Louisiana, New York, and Pennsylvania. Some of the funds from this award were used to support the development of healthy food supermarkets and a farmers market in the following New York cities: Mount Vernon, Highland Falls, Brooklyn, Buffalo, Red Creek, and Staten Island. You can find more information here.

Source of money: HFFI CDFI-Financial Assistance Program

Note: LIIF is a CDFI headquartered in California, but LIIF is also working in Louisiana, New York, and Pennsylvania.

Nonprofit Finance Fund

The Nonprofit Finance Fund (NFF) uses HFFI financing to offer healthy food retail outlets coupled with education and outreach programs that promote food purchasing behavior change in low-income communities. Some funds from this award were used to create a hydroponic produce farm in Brooklyn, New York. You can find more information here.

Source of money: HFFI CDFI-Financial Assistance Program

Note: The Nonprofit Finance Fund is a CDFI headquartered in New York that finances projects in California, New York, and Pennsylvania

Greater Jamaica Development Corporation

Greater Jamaica Development Corporation (GJDC) used HFFI financing to implement the Queens Healthy Corner Store Initiative, a community-based food financing and economic development strategy in three low-income neighborhoods in Queens, New York. The Queens Healthy Corner Store Initiative creates increased access to healthy, affordable food, and it will create 40 new job opportunities. You can find more information here.

Source of money: HFFI CED Program

South Bronx Overall Economic Development Corporation

South Bronx Overall Economic Development Corporation (SoBRO) is using HFFI financing to develop a new Fine Fare supermarket in the South Bronx. In addition to creating 25 new full-time jobs, this full-service supermarket will include a healthy eating grocery section offering fresh and affordable foods. The store will also provide free classes on healthy cooking for customers. You can find more information here.

Source of money: HFFI CED Program

 

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