News & Views Coalition launches effort to reduce child poverty in Detroit by connecting families with expanded Child Tax Credit June 17, 2021 Nearly 20,000 Detroit children can be lifted out of poverty if every eligible family takes advantage of an expanded Child Tax Credit (CTC) within the American Rescue Plan, a coalition of city and civic leaders announced today. The one-year expanded provision of up to $3,600 per child under the age…
News & Views New Economy Initiative announces $1.2 million Kresge grant for 6 CDOs, 25 small businesses in Detroit’s commercial corridors June 16, 2021 The New Economy Initiative (NEI) today announced a $1.2 million grant from The Kresge Foundation for a new Anchor Business Grant Program, aiming to impact underserved small businesses and communities located in key commercial corridors in Detroit. The program will provide grant support and practical assistance to 25 anchor businesses…
News & Views 2020 annual report report on Kresge’s racial justice grantmaking available now June 16, 2021 ‘Our Common Purpose’ highlights longstanding commitment to racial justice and showcases partners’ response to a tumultuous year through video stories The Kresge Foundation’s 2020 Annual Report, “Our Common Purpose: Centering Racial Justice in Kresge’s Work,” is out today and acknowledges that expanding opportunity in America’s cities cannot happen without…
News & Views Rapson: Pulse nightclub shooting anniversary reminds us that fuller protections for LGBTQ+ community still needed June 15, 2021 Five years ago this past Saturday, a single gunman entered Pulse nightclub in Orlando on “Latin Night” at 2:00 a.m. and started shooting. He left 49 dead and 53 others wounded. President Biden put the tragedy into perspective when he wrote: “Five years ago, we suffered the deadliest attack affecting…
Award Fresno Housing Authority This program-related investment loan will allow the Fresno Housing Authority the flexible capital needed to pursue a robust pipeline of Low Income Housing Tax Credit projects in Fresno between 2020 and 2022 and to test new ideas and objectives, including Black homeownership, motel conversion, and Naturally Occurring Affordable Housing (NOAH).
Award LISC (Detroit Affordable Housing Leverage Fund) The Affordable Housing Leverage Fund (AHLF) is a partnership between the City of Detroit Housing & Revitalization Department,, the Local Initiatives Support Corporation (LISC), and the Michigan State Housing Development Authority (MSHDA) to provide affordable housing developers and owners with streamlined access to financial tools that are specifically designed to…