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Headline : USDA Announces Recipients of New Healthy Food Financing Expansion Grant

Read more from the original article on here at sustainableagriculture.net.





Tags : #usda #announces #recipients #new #healthy #food #financing #expansion #grant


No. of Paragraph 15

Supporting the economic and environmental sustainability of agriculture, natural resources, and rural communities.

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. 

The Healthy Food Financing Initiative (HFFI) is a public-private partnership administered by Reinvestment Fund. The initiative offers grants and technical assistance to grocery retailers, cooperative businesses, nonprofit organizations, and state, local, and tribal governments working to increase access to healthy food in underserved areas. HFFI was established by the 2014 Farm Bill and expanded in the 2018 Farm Bill. To be eligible, projects must maintain or expand access to staple and perishable food in underserved areas and accept Supplemental Nutrition Assistance Program (SNAP) benefits.

Read more from the original article on here at sustainableagriculture.net.


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