colorado fresh food financing fund


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CO4F Quarterly newsThe Colorado Fresh Food Financing Fund (CO4F) improves access to healthy food in underserved Colorado communities by financing grocery stores and other forms of healthy food retail. ​ This statewide fund is anticipated to leverage $20 million in investment. ​​​​​​​



goals

    • ​​Improve retail access to fresh and healthy foods; 
    • Encourage economic development in low-
      to moderate-income neighborhoods; 
    • ​ Provide attainable financing to food retail outlets
      that improve food access; 
    • Partner with local governments when possible to enhance the benefits and successes; and 
    • Develop a Colorado model based upon national best practices.

co4f financing uses

    • Business start-up and expansion costs 
    • Opening a new store
    • Keeping a store open under new ownership 
    • New or upgraded equipment and displays 
    • Land assembly 
    • Developing an innovative business concept 

about

The seed funding for CO4F comes from The Colorado Health Foundation, which developed this initiative based on research on food access barriers in Colorado communities and national Fresh Food Financing best practices. CO4F is partnering with the Colorado Enterprise Fund (CEF)​ to finance small and innovative fresh food concepts. Progressive Urban Management Associates (P.U.M.A.) serves as the Food Access Organization for the Fund, providing general information to prospective borrowers. The Colorado Housing and Finance Authority (CHFA) serves as the fund administrator and manages the allocation of grants and loans.


history

In fall of 2011, the Denver Food Access Task Force released "Healthy Food for All: Encouraging Grocery Investment in Colorado," which outlined policy recommendations to improve access to affordable, healthy food and stimulate economic development in Denver and throughout Colorado.

​CO4F Production as of 09.30.2017


Using those recommendations as a blueprint, a CO4F working group explored ways to remove barriers that prevent Colorado's underserved population from obtaining healthy food. The working group was chaired by Cameron Bertron of EFG Brownfield Partners. Other representatives were from the Colorado Health Foundation, CHFA, the Denver Department of Environmental Health, the Denver Office of Economic Development, the Colorado Enterprise Fund, the Mile High Community Loan Fund and the Rocky Mountain Farmers Union.

​​Contact Information

General inquiries, application help, ​eligibility & technical questions: 
Erin Lyng 
PUMA
720.519.0535 

 
 ​Loan inquiries up to 
$200,000: 
Alan Ramirez
Colorado Enterprise Fund
720.473.4053 

 
 ​Loan inquiries of
$200,000+: 
Tim Dolan
CHFA
303.297.7318