Detroit Development will make Investments/Loans for predevelopment or preconstruction purposes in affordable housing projects, multi-family rehab, and other projects including commercial developments that stimulate neighborhood revitalization. Read More.
Detroit Development anticipates that most borrowers will be small to medium-sized developers, rehabbers, and contractors. We will also consider projects being developed by non-profit developers, including community development corporations and faith-based institutions… Read More.
Michigan Saves and Detroit Development have partnered in a loan program that allows businesses save money and energy, with financing energy efficient upgrades such as the installation of new lighting, food storage/cooking equipment, or refrigeration, or comprehensive renovations to the building. Read More.
The purpose of the DCLF and Detroit Development’s small business lending program has been to support the growth of Detroit-based business, particularly those owned by entrepreneurs of color and by women. It targets small businesses with growth potential and management insight… Read More.
Detroit Development’s contractor lines of credit will provide financing for contractors that are related to a specific contract or purchase order. Read More.