"This first-of-its-kind production facility will deliver healthy food options while also achieving positive economic impact by creating income-producing opportunities in these counties," said FCLF CEO Ignacio Esteban. "We are also excited about the potential of being able to replicate this collaborative model in other areas of Florida."
The Florida Association of Food Banks estimates there are 40 million pounds of surplus produce annually that food banks across Florida are unable to accept due to capacity challenges.
FCLF has also helped improve healthy food access in Florida communities through financing to Hitchcock's Market in Old Town, and Metropolitan Ministries' Pasco County food distribution center. In 2015, FCLF became the first CDFI in Florida to secure a Healthy Food Financing Initiative Award from the U.S. Department of Treasury CDFI Fund.
About Florida Community Loan Fund
Florida Community Loan Fund is a nonprofit, multifaceted financing entity with a 20+ year history of providing flexible capital and expertise to low income communities across Florida. FCLF is nationally recognized for its work as a certified CDFI and CDE through the U.S. Dept. of Treasury and as a member of the Federal Home Loan Bank of Atlanta. FCLF has financed $250 million through 250 loans in Florida, into projects totaling more than $830 million. For more information, please visit www.fclf.org.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/florida-community-loan-fund-invests-16-million-in-florida-food-bank-300301034.html
SOURCE Florida Community Loan Fund (FCLF)