As the only credit union based in Michigan, Frankenmuth Credit Union will use HFFI financing to help launch the credit union’s “Healthy Food/Healthy Michigan” revolving loan fund to strengthen the state's farm-to-table ecosystem by supporting farmers, local growers, farmers’ markets and other healthy food-related businesses. The fund will help finance the creation and expansion of farmer’s markets in areas the USDA designated as food deserts, which includes Saginaw, Genesee, Bay, Lapeer and Sanilac Counties. The loans will offer low fixed rates and flexible underwriting criteria. You can find more information here.
Source of money: HFFI CDFI-Financial Assistance Program