CDFI Financing Expands Healthy Food Availability
A new guide aimed at public health advocates commends CDFIs for their role in financing healthy food retail options in low and moderate income communities. According to the guide, CDFI financing is useful for food retailers because CDFIs offer flexible terms and the ability to retire debt at an affordable rate over a long period of time. That flexibility is helpful as retailers establish their businesses and can offset the higher cost of opening stores in underserved areas. The CDFI Fund's Healthy Food Financing Initiative has expanded the activity of CDFIs in food retail financing, funding more than 20 CDFI's food retailers financing programs since 2010. The guide also discusses the role advocates can play in attracting CDFI financing, including partnering with CDFIs to gather neighborhood data to forecast the impact of healthy foods projects.