7 U.S. Code § 6953 - Healthy food financing initiative
The purpose of this section is to enhance the authorities of the Secretary to support efforts to provide access to healthy food by establishing an initiative 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 eligible fresh, healthy food retailers to overcome the higher costs and initial barriers to entry in underserved areas.
The term “community development financial institution” has the meaning given the term in section 4702 of title 12.
The term “Initiative” means the Healthy Food Financing Initiative established under subsection (c)(1).
The term “perishable food” means a staple food that is fresh, refrigerated, or frozen.
The term “quality job” means a job that provides wages and other benefits comparable to, or better than, similar positions in existing businesses of similar size in similar local economies.
The Secretary shall establish an initiative to achieve the purpose described in subsection (a) in accordance with this subsection.
In carrying out the Initiative, the Secretary shall provide funding to entities with eligible projects, as described in subparagraph (B), subject to the priorities described in subparagraph (C).
There is authorized to be appropriated to the Secretary to carry out this section $125,000,000, to remain available until expended.
The Food and Nutrition Act of 2008, referred to in subsec. (c)(2)(B)(ii), is Pub. L. 88–525, Aug. 31, 1964, 78 Stat. 703, which is classified generally to chapter 51 (§ 2011 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 2011 of this title and Tables.