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Last week, the US Department of Agriculture (USDA) Rural Development (RD) announced that it will partner with Reinvestment Fund, a national mission-driven financial institution, to fund 16 public-private partnerships. As an expansion of the Healthy Food Financing Initiative (HFFI), the Local and Regional Healthy Food Financing Partnerships Program (the HFFI Partnerships Program) will provide technical or financial assistance (including loans).
This is the inaugural round of the HFFI Partnerships Program, and they awarded over $40 million in grants to 75 partners in 20 states and Washington, DC. This new program is partly funded through the American Rescue Plan and will be used to expand or create new Healthy Food Financing Programs.
Program Background
The Healthy Food Financing Initiative (HFFI) is a public-private partnership administered by…
Read the full article originally published at sustainableagriculture.net.