San Francisco — The Community Development Financial Institutions (CDFI) Fund of the U.S. Treasury announced awardees of its 2016 CDFI Fund Financial Assistance (FA) and Healthy Food Financing Initiative (HFFI) Awards.
The Northern California Community Loan Fund (NCCLF) received a $2 million FA award and a $3 million HFFI award.
NCCLF will use the FA award to provide low-rate and flexible loans that finance affordable housing in Oakland’s low-income neighborhoods. Since 1998, NCCLF has received 14 CDFI FA awards totaling more than $12.6 million.
The HFFI award will allow NCCLF to expand access to healthy food throughout NCCLF’s service area of Northern and Central California where there are currently more than 300 USDA-designated food deserts. This is NCCLF’s first HFFI award.
“We are honored to receive these two awards from the CDFI Fund,” said Mary Rogier, NCCLF President. “Affordable housing and access to healthy foods are two of the most pressing issues facing the communities we serve. The FA and HFFI awards give us the tools we need to address these disparities.”
The CDFI Fund awarded 196 CDFIs $187.5 million in grants and loans this year. NCCLF is one of eight California-based CDFIs to receive these awards, and one of only two to receive both awards.
Since its founding in 1987, NCCLF has deployed nearly $135.5 million dollars to support the development of more than 6,000 affordable housing units and two-million square feet of community facility space for health clinics, childcare centers, arts organizations, and similar programs. These projects have benefited more than one-million low-income California residents and preserved or created more than 17,000 jobs.
Questions? Contact Daniel Hlad, Director of Development and Communications at (415) 392-8215 ext 307 or email@example.com.