The North Flint Food Market (NFFM) was developed by the North Flint Reinvestment (NFR), a 501(c)(3) community development corporation focused on battling economic and environmental injustices, with $6.8million in New Markets Tax Credit (NMTC) allocation provided by Michigan Community Capital (MCC).

The North Flint Food Market project includes the renovation of a roughly 21,255-square-foot, single-story, vacant building on the north side of the city of Flint. As a cooperatively owned grocery store, North Flint Food Market gives members an opportunity to invest in their neighborhood while filling a void let by the nearby closures of large franchise markets in north Flint, a documented food desert. A full-service grocery area of 11,800 square feet will offer robust produce, dairy, meat and frozen departments, supported by an optimal level of work and storage area. A 1,300-square-foot room will function as a community event center that will be available for event rentals and informal gatherings.

The project is the second phase of NFR’s four-part plan for the comprehensive redevelopment and revitalization of the Pierson Road Corridor from Clio Road to North Saginaw Street. The geopgraphy is indentified in the City of Flint’s Imagine Flint Master Plan as one of the most undersupplied retail markets in Flint.

US Bank’s community investment and tax credit division is supporting the project by investing $2 million in tax credit equity in the transaction. Additional leveraged loan sources to NFR include grant awards from CS Mott Foundation, Ruth Mott Foundation, Community Foundation of Greater Flint, Local Initatives Support Corporation Flint, State of Michigan Department of Labor and Economic Opportunity Program, the Federal Healthy Food Financing Initiative program, and Community Development Block Grant Funds from the City of Flint.