As part of the Healthy Food Financing Initiative (HFFI), the Department of Agriculture’s (USDA) Rural Business-Cooperative Service recently announced they are inviting CDFIs to submit applications to serve as the HFFI National Fund Manager.
The HFFI is a multiagency initiative implemented by the Department of Treasury, Department of Health and Human Services (HHS) and the Department of Agriculture with a goal to improve access to healthy foods in underserved areas. The program also seeks to create and preserve quality jobs, and revitalize low-income communities by providing loans and grants to eligible fresh, healthy food retailers.
One of HFFI’s essential components is the designation of the new position of National Fund Manager (NFM). CDFIs are important partners for HFFI programs at Treasury and HHS, and the new NFM position provides even greater opportunity for CDFIs to expand their role in the implementation of the HFFI.
Through a competitive grant process, USDA will select one CDFI as the National Fund Manager, who will play a critical role in the coordination of the HFFI across federal agencies. The NFM will also raise private capital, provide financial and technical assistance to partnerships, and fund eligible projects to support retailers and their supply chains that bring healthy foods to low-income communities.
Interested CDFIs must submit an application by December 28, 2016.
To learn more about the HFFI program, National Fund Manager position and application process: