211HF056710-G
Project Grant
Overview
Grant Description
Purpose: To provide supplemental funding to CDFI-FA and NACA-FA award recipients, for these certified Community Development Financial Institutions (CDFIs) to provide financing activities to support healthy food retail outlets and healthy food non-retail outlets, that expand the availability of healthy foods in underserved areas.
Activities to be performed: HFFI financial assistance must be used for financial products, development services, loan loss reserves, and capital reserves (regulated institutions only), in the recipient's approved target market.
End goal/expected outcomes: The goal of the HFFI financial assistance is to expand the availability of healthy foods in underserved areas, particularly the availability of healthy food retail outlets in areas designated as food deserts.
Intended beneficiaries: Profit organization, private nonprofit institution/organization, other private institution/organization.
Investment areas and targeted populations, as defined in 12 C.F.R. 1805.
Subrecipient activities: Only in the case where a CDFI depository institution holding company applicant intends to carry out the activities of an award through its subsidiary CDFI insured depository institution, as identified in its assistance agreement with the CDFI Fund.
Activities to be performed: HFFI financial assistance must be used for financial products, development services, loan loss reserves, and capital reserves (regulated institutions only), in the recipient's approved target market.
End goal/expected outcomes: The goal of the HFFI financial assistance is to expand the availability of healthy foods in underserved areas, particularly the availability of healthy food retail outlets in areas designated as food deserts.
Intended beneficiaries: Profit organization, private nonprofit institution/organization, other private institution/organization.
Investment areas and targeted populations, as defined in 12 C.F.R. 1805.
Subrecipient activities: Only in the case where a CDFI depository institution holding company applicant intends to carry out the activities of an award through its subsidiary CDFI insured depository institution, as identified in its assistance agreement with the CDFI Fund.
Awardee
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Multi-State
United States
Geographic Scope
Multi-State
Related Opportunity
None
Bluehub Loan Fund was awarded
Supplemental Funding CDFIs to ExpHealthy Food Access in Underserved Areas
Project Grant 211HF056710-G
worth $4,250,000
from Community Development Financial Institutions Fund in December 2021 with work to be completed primarily in Multi-State United States.
The grant
has a duration of 3 years and
was awarded through assistance program 21.020 Community Development Financial Institutions Program.
Status
(Ongoing)
Last Modified 12/20/21
Period of Performance
12/8/21
Start Date
12/31/24
End Date
Funding Split
$4.2M
Federal Obligation
$0.0
Non-Federal Obligation
$4.2M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
211HF056710-G
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Funding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Awardee UEI
P49TYES2Z113
Awardee CAGE
49RX7
Performance District
90
Budget Funding
| Federal Account | Budget Subfunction | Object Class | Total | Percentage |
|---|---|---|---|---|
| Community Development Financial Institutions Fund, Program Account, Treasury (020-1881) | Community development | Grants, subsidies, and contributions (41.0) | $4,250,000 | 100% |
Modified: 12/20/21