Sec. 201. Purpose and definitions
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The purpose of the Healthy Food Financing Initiative is to improve access to healthy foods in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities by providing loans and grants to retailers of fresh and healthy food to overcome the higher costs and initial barriers to entry in underserved urban, suburban, and rural areas. In this title: The term community development financial institution has the meaning given the term in section 103 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4702 ).
The term expand or preserve the availability of fresh fruits and vegetables in underserved areas means— in the case of a project not involving a regional food hub, a project that— carries a variety of fresh produce, as defined by the national fund manager to reflect differences in project size and type; sells food for home preparation and consumption; and at a minimum— offers for sale at least 3 different varieties of food in each of the 4 staple food groups (bread and grains, dairy, fruits and vegetables, and meat, poultry, and fish), with perishable food in at least 2 categories, on a daily basis; or has at least 50 percent of the total sales of the store (including food and nonfood items or services) from the sale of eligible staple food; and in the case of a regional food hub, a project that— supplies a variety of fresh produce to a healthy food retailer located in an underserved, low- and moderate-income area; and participates in the supplemental nutrition assistance program established under the Food and Nutrition Act of 2008 ( 7 U.S.C. 2011 et seq. ).
The term farmers’ market means a common facility or area in which several agricultural producers gather on a regular and recurring basis to sell a variety of fresh fruits and vegetables and other locally grown agricultural products directly to consumers. The term food access organization means a nonprofit organization with expertise in improving access to healthy food in underserved communities. The term healthy food retailer means a commercial, cooperative, and nonprofit seller of fresh or healthy food, including a grocery store, mobile healthy food retailer, farmers’ market, cooperative, corner store, bodega, or other store that sells other food and non-food options along with a full range of fresh or healthy foods.
The term Initiative means the Healthy Food Financing Initiative. The term local funds means the allocation of national funds and any other forms of financial assistance (including grants, loans, and equity investments) that are raised by partnerships to carry out the purposes of the Initiative. The term national funds means amounts appropriated to carry out the Initiative and any other forms of financial assistance (including grants, loans, and equity investments) that are raised by the national fund manager to carry out the Initiative.
The term national fund manager means a community development financial institution in existence as of the date of enactment of this Act and certified by the Community Development Financial Institutions Fund of the Department of the Treasury that is designated by the Secretary to manage the Initiative for purposes of— raising private capital; providing financial and technical assistance to partnerships; and funding eligible projects directly at the request of partnerships to attract retailers of healthy food to underserved urban, suburban, and rural areas in accordance with this title.
The term partnership means a regional, State, or local public and private partnership that is organized to improve access to healthy foods by providing financial and technical assistance to eligible projects. The term includes— an unit of State, local, or tribal government or a quasi-public State or local government agency; a food access or community health organization committed to improving access to healthy foods; a community development financial institution or other organization that is capable of administering a loan and grant program in accordance with this title; and other organizations interested in improving access to healthy foods in underserved areas.
The term perishable food means food that is fresh, refrigerated, or frozen. The term perishable food does not include packaged or canned goods. The term regional food hub means a business or organization that actively manages the aggregation, distribution, and marketing of source-identified food products primarily from local and regional producers to strengthen the ability of the producers to satisfy wholesale, retail, and institutional demand. The term Secretary means the Secretary of Agriculture.
The term serve means, with respect to a regional food hub, that the regional food hub, in connection with an eligible project, supplies fresh produce or other healthy foods— to a healthy food retailer that participates in the supplemental nutrition assistance program established under the Food and Nutrition Act of 2008 (7 U.S.C. 2011 et seq.); to a healthy food retailer located in a low- or moderate-income area; and to institutions such as hospitals, schools, or food banks that largely serve a low- and moderate-income area.
The term staple food means food that is a basic dietary item, including bread, flour, fruits, vegetables, and meat. The term staple food does not include snack or accessory food (such as chips, soda, coffee, condiments, and spices) or ready-to-eat, prepared food. The term variety means an assortment of different types of food items.
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