Urban Studies and Planning Commons^™

Food Systems Financing Action Plan, Noah Holmes Foster

Master of Urban and Regional Planning Capstone Projects

Food insecurity is a well-documented issue in Virginia and throughout the United States. Food enterprises, especially those in under-resourced communities, often lack access to the credit needed to start or expand their operations due to the narrow profit margins of food enterprises. Community development financial institutions (CDFIs), such as Virginia Community Capital (VCC) address this issue by providing low-interest financing to food businesses that can increase food security and strengthen local economies. Food systems financing is a developing field for VCC and other CDFIs, and changes to standard practices are required to ensure that lending is as accessible as possible …