In addition to our financing available for healthy food projects, Reinvestment Fund is the National Fund Manager (NFM) for the Healthy Food Financing Initiative (HFFI) at the USDA. HFFI aims to improve access to healthy foods in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities.
Established by the Agricultural Act of 2014 (commonly known as the Farm Bill), the Healthy Food Financing Initiative (HFFI) is a public-private partnership administered by Reinvestment Fund on behalf of USDA Rural Development that seeks to improve access to healthy foods in underserved areas.
The program provides financial and technical assistance to eligible healthy food retail projects to overcome the higher costs and initial barriers to entry in underserved areas. Congress included $1 million in each of the Fiscal Year 2017 and Fiscal Year 2018 budgets to launch HFFI.
Now an initiative of USDA, HFFI has also been supported at the U.S. Department of the Treasury and U.S. Department of Health and Human Services since 2010. To date, HFFI has helped leverage more than $220 million in grants and an estimated $1 billion in additional financing. It has also supported nearly 1,000 grocery and other healthy food retail projects in more than 35 states across the country, revitalizing economies, creating jobs, and improving health.
The Healthy Food Financing Initiative provides resources to eligible healthy food retail projects to overcome the higher costs and initial barriers to entry in underserved areas. The program currently provides:
- Financial Assistance: HFFI offers financial assistance to help healthy food retailers overcome higher costs and initial barriers to entry in underserved areas across the country.
- Technical Assistance: Technical assistance is designed to support early stage work where resources would help clarify and support the development of a healthy food access project in an underserved area.