Nonprofit Lender IFF Selected for U.S. Healthy Foods Financing Initiative

The U.S. Department of the Treasury last week awarded IFF, the nonprofit lender and real estate consultant, a grant of $3 million to fund a pipeline of retail projects to improve access to healthy foods in low-income neighborhoods classified as “food deserts.” The award is part of the Healthy Foods Financing Initiative proposed by the Obama Administration and represents the first coordinated, federal effort to increase the availability of nutritious foods in underserved areas.