Success Stories

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C Fresh Market

The U.S. Department of Agriculture labeled River Bend — one of the most ethnically diverse communities in Des Moines, Iowa — a food desert because residents lacked access to fresh, healthy, and affordable food. There had not been a grocery store there since 2004 when one closed because its prices were too high for the area’s residents.

In 2013, IFF provided a $712,000 loan to buy and renovate the former grocery store building. C Fresh Market opened as the only full-service grocery store in the low-income neighborhood. The store employs 25 people and stocks its shelves with affordable ethnic and international goods for its 16,000 diverse shoppers.

Community Housing of Wyandotte County

In 2012, Community Housing of Wyandotte County in Kansas City, Kansas, received over $1 million in financing from IFF to improve its liquidity and invest in affordable housing, including the construction of four homes and the renovation of an existing one.

The loans have helped the community developer promote home buyer education, revitalize low-income neighborhoods, and save $62,000 in annual debt service.

Globe Apartments

In 2013, Globe Apartments in Watertown, WI, received a $1.2 million loan from IFF to build a multifamily affordable housing rental development. IFF also sponsored a successful application for a $345,000 affordable housing program grant from the Federal Home Loan Bank of Chicago for the project.

People with disabilities received a resource with Globe Apartments' September 2014 grand opening. The development consists of 48 two- and three-bedroom apartments, with 12 units set aside for people with disabilities who will receive long-term supportive services through a partnership between Care Wisconsin First, Inc., and Movin' Out.

LEARN Hunter Perkins Campus

In September 2011, LEARN Charter School Network celebrated the grand opening of its fifth location, the Hunter Perkins Campus in Chicago's Auburn Gresham neighborhood. To help finance the project, IFF provided LEARN with a $1 million energy efficiency loan.

LEARN made significant renovations to a vacant parochial school building, including several "green" features such as an insulated roof, double-pane windows, and energy-efficient lighting. The Network saves about $6,000 a year on utility bills through energy efficiency upgrades.

Youth Outreach Services

When renovations at Youth Outreach Services’ Austin location came to a standstill in 2011, the Chicago agency was considering buying or leasing space — and leaving its home of 25 years.

By taking over as project manager and providing a $596,000 loan, IFF helped Youth Outreach Services keep its home. Youth Outreach Services reopened in February 2014 for the crucial business of caring for the area’s most vulnerable teens.

In 2004, we also made a $395,000 loan to Youth Outreach Services for a new facility in Melrose Park, allowing the agency to consolidate two existing offices and reduce overhead costs by $26,400 annually.