The Local Enterprise Assistance Fund (LEAF) is a Community Development Financial Institution established in 1983. LEAF’s mission is to provide financing for cooperatives and other social enterprises that benefit low‐income people. LEAF is a small, highly targeted national fund that provides financing to consumer food cooperatives, resident‐owned manufactured home park communities, employee‐owned businesses, and alternative staffing agencies. As an organization that lends at a national level, LEAF is also committed in deploying a high percentage of funds in Persistent Poverty Counties. LEAF is using its HFFI award to provide financing nationally to natural food cooperatives that create jobs and provide access to healthy food in rural and urban communities. LEAF is one of only three CDFIs in the nation that has focused and developed expertise in lending to the community owned grocery store market.
Federal HFFI Program
Agency: Treasury, CDFI Fund, Financial Assistance Program
Fiscal Year 2011, $500,000; Fiscal Year 2014, $400,000