Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Healthy eating gets CDFI boost
WASHINGTON (11/12/10)--The Community Development Financial Institutions (CDFI) Fund has selected the Opportunity Finance Network (OFN) to aid in its Healthy Food Financing Imitative. The food initiative will “provide critical training to CDFIs to utilize federal grants, below-market rate loans, loan guarantees and tax credits that can attract private sector capital for an even greater investment in projects that increase access to fresh produce and other healthy foods” in so-called “food deserts,” the CDFI Fund said in a release. The release defines “food deserts” as “urban neighborhoods and rural towns with limited access to affordable and nutritious food.” The CDFI Fund cited a United States Department of Agriculture estimate which stated that over 23 million Americans live in these “deserts.” “Well-targeted financing, technical assistance, and community partnerships can help to improve access to healthy foods, develop and equip grocery stores, create new markets for small businesses and farmers, strengthen the producer-to-consumer relationship, and support broader economic development efforts to revitalize distressed rural and urban communities,” the release added. CDFI Fund Director Donna Gambrell said that “the training enabled by the CDFI Fund's Capacity-Building Initiative will help to lay a strong foundation so that all CDFIs are prepared for the unique opportunities presented by funding that the Administration has requested in 2011 under the Healthy Food Financing Initiative.” The National Federation of Community Development Credit Unions is one of many related organizations that are providing technical support to OFN. The OFN is a “network of private financial intermediaries identifying and investing in opportunities to benefit low-income and low-wealth people in the U.S.,” the release said, adding that the OFN has frequently worked with CDFIs in the past. For the full release, use the resource link.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago