Expanding opportunities in America’s cities

Capital Impact Partners

Arlington, Va.
$2 million

Awarded

Committed:
2015

This guarantee supports the Detroit Neighborhoods Fund, which invests in projects that accelerate opportunity, job growth, density and a higher quality of life for all local residents. The fund provides loans to multifamily residential, mixed use and healthy food retail real estate projects in Midtown, the greater Woodward Corridor (New Center, North End and Eastern Market) and other specifically identified distressed Detroit neighborhoods. JP Morgan Chase modeled the fund after the Woodward Corridor Investment Fund, of which Kresge was the key architect, demonstrating the foundation’s ongoing influence on real estate development and finance in the city.

Area Served

Area Served:
Detroit, Mich.