Nurturing Healthy Food Financing

  • OFN helps CDFIs bring healthy foods to underserved,

  • economically distressed urban or rural areas.

A staggering 24.6 million Americans (8% of the U.S. population) live in “food deserts,” underserved, economically distressed urban or rural areas that lack grocery stores or easy access to fresh fruits and vegetables. As a result, these communities have increased rates of obesity, diabetes, and other public health challenges.

Our work in this sector intensified in 2010, when, supported by the CDFI Fund’s Capacity Building Initiative, we offered training for CDFIs to successfully finance food-related businesses—from production, to distribution, to retail. These materials are available free of charge on the CDFI Fund Resource Bank.

Today, through ongoing capacity building efforts, we continue to nurture the healthy food financing sector and to grow the number of CDFIs engaged in healthy food financing.

Healthy Food Financing Resources

Below is an archive of recent Nurturing Healthy Food Financing webinars, supported by MetLife Foundation and Capital One. Enjoy the video and download materials for each webinar.

Intro to Healthy Food Financing

CDFIs and Public Health

Thursday, January 24, 2013

Presenters:

Julia Koprak and Stacy Taylor, The Food Trust

 

For CDFIs moving into the world of healthy food financing, measuring and improving public health impacts can be a daunting addition to an already long list of social and economic impact goals. In this webinar, we learn how CDFIs can effectively talk about and work toward public health outcomes, better measure public health metrics among other social and economic impact goals, and engage public health professionals and community partners in their work.

 

 

Materials:

Additional resources:

 

Financing Healthy Food Retail: Program Design and Social Impact Measurement

December 6, 2012

Presenters: 

Christina Szczepanski and Lance Loethen, The Reinvestment Fund

Learn about designing a healthy food financing program and measuring its impact. In particular, the presentation outlines important elements to consider when creating a program, including the eligibility process, application process, and product development. Additionally, understand how to define impact as it relates to healthy food financing and how to develop impact tracking tools. The webinar also explores when data related to impact measurement should be gathered, what metrics are a "want to have" versus a "need to have," and how data can assist CDFIs in improving their own performance.

 

 

Materials:

Additional resources:

  • Visit the CDFI Fund’s online Resource Bank for Financing Healthy Food Options

Healthy Food Production

Underwriting Small and Emerging Farms

November 29, 2012

Presenters:

Denise Dukette, United Bank, and Gray Harris, Coastal Enterprises, Inc.

This webinar highlights the critical elements to underwriting food producers, focusing on small and emerging farms, which are often difficult to analyze and need customized loan structuring. Discussion includes seasonality, cash flow analysis and collateral, and includes “live” farming examples.

 

 

Materials:

Additional resources

From the CDFI Fund’s online Resource Bank for Financing Healthy Food Options, include:

Healthy Food Retail

Energy Efficiency and Healthy Food Retail

Tuesday, January 15, 2013

Presenters: 

Danny Isaacs, MACED and Marten Jenkins, Natural Capital Investment Fund

Energy is one of the highest costs for grocers, particularly in rural areas. Learn how CDFIs can provide loans to improve energy efficiency among food retail outlets and increase access to healthy foods for underserved areas. MACED and Natural Capital Investment Fund discuss their own experiences in providing energy efficiency loans to rural grocers.

 

 

Materials:

Additional Resources:

 

Underwriting Grocery Stores and Supermarkets

Tuesday, January 15, 2013

Presenters:

Denise Dukette, New England Bank, and Christina Szczepanski, The Reinvestment Fund

This webinar provides critical information about underwriting supermarket and other grocery retail borrowers and projects for financing.

 

 

Materials:

 

Rural Healthy Food Retail: Challenges and Opportunities

January 10, 2013

Presenters:

Dr. David Procter, Kansas State University, Daniel Wallace, Coastal Enterprises, Inc., and Rick Gowell from Gowell's Store in Litchfield, Maine

Local grocery stores are a critical anchor institution sustaining America’s rural communities. This webinar highlights Kansas State University's Rural Grocery Initiative and its research to better understand the challenges and needs of these small businesses. Learn how one CDFI, Coastal Enterprises, Inc., is working to provide financing to rural grocery stores to improve access to healthy foods.

 

 

Materials:

Additional Resources:

 

The Grocery Gap

December 12, 2012

Presenter:

Jeff Brown, UpLift Solutions

High-quality, full-service supermarkets improve the health and economic well-being of communities. However, supermarket operators face significant obstacles entering and operating in many low-income, urban communities. This webinar, developed by UpLift Solutions, explains the “Grocery Gap” and the financial and operational strategies that can enable supermarkets to be successful.

 

 

Materials:

Additional Resources:

  • Visit the CDFI Fund’s online Resource Bank for Financing Healthy Food Options
  • Two videos about Brown’s ShopRite, which operates 10 ShopRites in PA and NJ: Short video and Long video

 

Underwriting Natural Food Cooperatives

November 14, 2012

Presenter:

Margaret Lund, Co-opera Co.

Today's natural food cooperatives are a thriving part of the natural food retail landscape. This webinar offers a basic overview of natural foods retailing, with specific emphasis on consumer-owned natural foods cooperatives. Learn about the unique aspects of underwriting cooperatively-owned enterprises, review typical financial performance measures for natural foods cooperatives, and explore a brief case study of a recent project.

 

 

Materials:

Additional Resources:

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