The financing program provides funding costs associated with land acquisition, predevelopment, construction, equipment, infrastructure and related expenses. Financing can be used for projects that expand access to fresh and healthy food.
- $10,000 to $2.5 million
- Terms: One to 15 years at 5 to 6.5 percent interest
- No prepayment penalty
- No appraisals necessary
- Flexible structure
- Flexible project types and use of funds
Eligible food retail projects must expand fresh food offerings in underserved neighborhoods and fit local community needs. Grocery chains, neighborhood food and grocery stores, co-ops, farmers markets, production and distribution operations, and other food projects are eligible. Underserved areas are defined as having a substantial number of low- to moderate-income residents with reduced access to healthy, affordable food. All applicants are strongly encouraged to accept SNAP and WIC benefits.
How to Apply
To find out if your project is eligible for KHFI funding:
After program review, you will receive a letter describing your eligibility status and, if eligible, an invitation to apply for financing. Applications will be evaluated on a rolling basis while funds remain available.
For more information on eligibility criteria and the application process, please see program guidelines (pdf).