This guarantee supports a line of credit to be used to complete construction on the Liberal Arts building, which houses the Marygrove middle and high school classes. It also covers costs to begin construction on the Immaculata building, which will house the elementary program. View Website

This loan will allow Michigan Saves to carry out a project lending directly to homeowners, small businesses and nonprofits located in low- and moderate-income areas of Detroit for energy retrofitting, building electrification and solar panel installation. The loan will allow Michigan Saves to address a critical market gap, as areas of Detroit and other low-to-moderate income areas of the state do not get their fair share of lending capital for this purpose. View Website

This guarantee supports BlocPower’s goals of increasing energy retrofitting and “electrification” (elimination of on-site fossil fuel combustion) in the most disinvested city neighborhoods by supporting its ability to attract significant capital market investment. The guarantee also will support the first “whole-of-city” approach to these issues through BlocPower’s partnership with Ithaca, New York . View Website

A CDFI, Seed Commons specializes in financing worker-owned cooperatives via non-extractive financing. This program-related investment loan will allow them to expand lending capacity. Seed Commons operates akin to a “fund of funds” model wherein it provides capital for mission-aligned loans made by a network of local community organizations. View Website

beam (formerly Edquity) addresses the ongoing issue of students dropping out of college due to a financial emergency of less than $500 by offering the only end-to-end emergency aid platform in the market. It provides colleges and universities a way to increase the retention of their most at-need students by improving the efficacy of emergency cash assistance programs. View Website

Invest Detroit Foundation will partner with Kresge to build a new $11 million fund that will focus on providing minority-led development firms with the balance sheet equity needed to build their development firms. The Fund will also provide technical assistance to accelerate a developer’s ability to scale and create greater economic impact in the City of Detroit. View Website

The Memphis Medical District Investment Fund seeks to remedy the appraisal gap in mixed-use commercial real estate in the market by forward-committing permanent financing based on a loan-to-cost ratio paired with a flexible construction loan. The goal is to pull forward what would be15-20 years of development in the district into the next 5-7 years. View Website

This guarantee helped to facilitate the flow of rental assistance to qualifying Detroit households to ensure more Detroiters are able to access the Federal COVID-response funding and stay in their homes. View Website

This guarantee will support, in part, a pooled fund that will provide Detroit CDFIs with liquidity that enables them to initiate new lending. Detroit Small Business Recovery Fund (DSBRF) is a new emergency response loan program designed to support Detroit small businesses and nonprofits as they reopen, stabilize, and grow after COVID-19. The program leverages and combines existing infrastructure, networks, and relationships within Detroit’s CDFI community to build a scalable source of financing for participating partners. View Website