The 74,000-member ASI Federal Credit Union, a community development credit union that serves the greater New Orleans area, has received a $3 million grant which is meant to help entrepreneurs seeking to bring healthier food to low-income neighborhoods.

These areas are colloquially known as "food deserts" and  helping to shrink them is a goal of the Healthy Food Finance Initiative, an effort of U.S. Treasury's Community Development Financial Institutions Fund.

The CDFI fund announced grants totaling $25 million spread among 12 community development financial institutions, including ASI.

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