Community Developments Investments (August 2012)
|A Look Inside ...|
There is a growing effort to transform low-income communities lacking grocery stores into thriving markets, and banks can assist by providing the right financing tools.
The Reinvestment Fund: A Healthy-Food Financing Leader
|Federal Agencies Support Financing Efforts to Improve Access to Healthy Food|
The U.S. Department of the Treasury, through the Community Development Financial Institutions Fund, participates in a coordinated federal effort with the U.S. Departments of Health and Human Services and Agriculture to increase access to healthy, affordable food in low-income communities that lack such food options.
|The California FreshWorks Fund: Bringing Food to the Community|
NCB Capital Impact has financed many healthy-food retail establishments over the past 30 years, and its experience indicates that a lack of flexible financing is one of the greatest obstacles to the creation of healthy-food retail outlets in underserved communities.
|New Markets Tax Credit Transaction Brings Food Jobs to Newark|
The Healthy Food Financing Initiative is most recognized for bringing fresh food to underserved neighborhoods, commonly known as “food deserts.” Retail suppliers are only part of the story of bringing better food to the table. The packaging, warehousing, and distribution of produce and fresh meats and fish to the retailers also play roles.
|This Just In … OCC’s Four Districts Report on New Opportunities for Banks|
OCC District Community Affairs Officers report on local and regional opportunities for banks to become involved with community efforts, including opportunities to help finance healthy-food initiatives.