As a leading national community development financial institution, the Low Income Investment Fund (LIIF) invests capital in low-income people and communities. Since its founding in 1984, LIIF has invested over $2.3 billion in capital, serving over 2 million people and generating over $59 billion in family and societal benefits.
LIIF is using HFFI funding to provide financing and technical assistance to food markets located in, or planning to locate in, low- to-moderate-income communities that lack access to affordable, healthy food. LIIF has funded projects in Louisiana, New York, and Pennsylvania. Some HFFI financing supported The Plaza at Chelten project, a 50,000-square-foot retail and healthy food center in Philadelphia’s Germantown neighborhood.
- Total amount financed for healthy food projects: $52 million
- Total amount leveraged: $199.5 million
- Total amount of dollars granted: $3.225 million
- Total amount of square footage: 651,251
- Total amount of people served: 217,084
Source of money: HFFI CDFI-Financial Assistance Program; Fiscal year(s): 2011, 2013, 2014