ASI Federal Credit Union
ASI Federal Credit Union (ASI) is using HFFI financing for the Healthy Foods Revolving Loan Fund, which was created in 2011 to strengthen the healthy food distribution network in the New Orleans area. Thus far, ASI has financed the city's first food co-op, a new grocery chain flagship headquarters, and several smaller projects. The Healthy Foods Revolving Loan Fund will continue providing assistance in financing to the 66 New Orleans census tracts identified as food deserts. You can find more information here.
Source of money: HFFI CDFI-Financial Assistance Program
Low Income Investment Fund
Low Income Investment Fund (LIIF) is using HFFI funding to provide financing and technical assistance to food markets located in, or planning to locate in, low- to-moderate-income communities that lack access to affordable, healthy food. LIIF has funded projects in Louisiana, New York, and Pennsylvania. Some of the funds from the award were used to support the transformation of a 65,000-square-foot abandoned supermarket in New Orleans into the ReFresh Market, an integrated healthy food center. You can find more information about LIIF here and about ReFresh Market project here.
Source of money: HFFI CDFI-Financial Assistance Program
Note: LIIF is a CDFI headquartered in California, but LIIF is also working in Louisiana, New York, and Pennsylvania.