1. Healthy Food Financing Policies
From Neighborhood to Nation
Community Food Security Conference
May 20, 2011

2. Click to edit Master title style
As of 12.31.10
Real Estate
Development
Policy & Information
Services
Business Lines
Lending and
Investing
$1 billion in cumulative
investments and loans
throughout the mid-
Atlantic
Currently manage $668
million in capital, with
more than 800
investors PolicyMap
The Reinvestment Fund

3. Click to edit Master title style
19,909 homes
30,040 charter
school seats
47,340 permanent &
construction jobs
8.3 million sq. ft.
Commercial Space
3 million MWh
clean energy
As of 12/31/10
The Reinvestment Fund

4. Click to edit Master title style
TRF Policy Solutions is a leader in research on issues
related to improving access to healthier foods in
distressed communities with focus on the economics
the supermarket industry and local food systems.
The Reinvestment Fund
TRF PolicyMap national online data analysis and
mapping tool that is available for all internet users at
www.policymap.com
It includes the locations of areas that are inadequately
served by supermarkets for the entire nation.

5. Click to edit Master title styleUnderstanding “Food Deserts”
Distance measurements:
USDA: One / ten miles
http://www.ers.usda.gov/FoodAtlas/about.htm
Other measurements
TRF:
•Distance traveled in well-served
markets
•Population density
•Car ownership
•Retail leakage
http://www.trfund.com/TRF-LAA-widget.html

6. Click to edit Master title styleWhat Our Data Tells Us
• 24.8 million people (8.1% of the population) live in low
access areas
• Households earning < $35,000 annually are 1.5X more
likely to live in a low access area compared to those
earning > than $75,000
• Children and the elderly are disproportionately affected
6.2 million (25%) of these people are under age 18
3.2 million (13%) are over age 65

7. Click to edit Master title stylePA Fresh Food Financing Initiative
A public/private
partnership to
increase access to
fresh foods in
underserved
communities across
Pennsylvania.

8. Click to edit Master title styleStakeholder Engagement
Children’s Advocates
Economic Development
Leaders
Business and Civic
Leaders
Government Officials
Supermarket
Industry Leaders
Public Health
Leaders
Supermarket
Campaign

9. Click to edit Master title styleBarriers and Challenges
Urban Areas:
• Site assembly
• Higher start-up costs
• Security
• Market structure
• Perception
• Workforce / Turnover
Towns & Rural Areas
• Access to credit
suitable for small
businesses
• Competition from big
box operators
• Retiring operators
• Limited supplier choice
• Minimum purchase
requirements from
wholesalers

10. Click to edit Master title style
Supermarkets
Grocery stores
Farmers markets
Other fresh food retailers
For-profit businesses
Cooperatives
Non-profit organizations
Eligible Projects

11. Click to edit Master title style
Four major required components:
• Viable business enterprise- no ongoing
subsidies
• Located in underserved area
• Located in low income neighborhood
• Provide access to fresh, healthy food
Project Eligibility Criteria

12. Click to edit Master title styleEligible Grant & Loan Uses
• Predevelopment & start-up
costs
• Land acquisition
• Leasehold improvements &
equipment
• Construction & permanent
financing
• Energy efficiency and
conservation measures

13. Click to edit Master title style
FFFI Metrics
• Total Projects: 88
• Total Grants: $12.1M
• Total Loans: $73.2 M
• Est. Project costs: $194 M
• Est. Jobs: 5,023
• Est. Retail Space: 1.6M
• Improved access: 500,000
Fresh Grocer-Progress Plaza
Accomplishments
As of 6.30.10

14. Click to edit Master title stylePortfolio Characteristics
• Majority of operators participating
in FFFI own more than one store
• Store size range from 900 to 70,000
sq. ft
• 1/3 of the projects financed are
located in Philadelphia and 2/3 are
in small cities, towns and rural areas
• Financed construction of new stores,
equipment purchases and
acquisition of existing stores

15. Click to edit Master title styleFFFI Success Drivers
• Broad civic, public & private sector
engagement
• A champion/spokesperson
• Highly-skilled CDFI & food access
organization with market
knowledge
• Broad range of financial products,
including grants
• Resources to market program &
provide TA

16. Click to edit Master title style
Urban/Rural Connections
• Economic impact of urban supermarkets on
local farmers & specialty crops production
• Federal and State funding opportunities &
impediments
Food System Infrastructure
• Capital needs and gaps
• Access to credit
• Capacities
FFFI & Local Food Systems

17. Click to edit Master title styleTriple Bottom Line
Developing
Quality Food
Markets in
Underserved
Communities
Health
Income
Economic Stimulus
•Promotes a healthy diet which
can contribute to reduced rates of
diabetes & obesity
•Revitalizes neighborhoods
•Leverages private capital
•Increases local taxes
•Creates jobs with career paths
•Lowers the cost of food

18. Click to edit Master title style
Contact Information
TRF creates wealth and opportunity for low-wealth people and places through the
promotion of socially and environmentally responsible development.
The Reinvestment Fund
1700 Market Street, 19th Floor
Philadelphia, PA 19103
www.trfund.com
Contact:
Patricia L .Smith
Senior Policy Advisor
215-574-5898
patricia.smith@trfund.com