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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).

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…

Eight Black-led Community Development Organizations in New Orleans share $750,000 from new foundation-backed fund

June 11, 2021

Enterprise Community Partners (Enterprise) has launched the New Orleans Community Development Organization (CDO) Fund, an initiative that will provide critical operating support to Black-led New Orleans nonprofits that serve as anchors of the city’s neighborhoods. Eight local organizations will share the CDO Fund’s first $750,000 in philanthropic funding, using it…

Quote from Chantel Rush, managing director, Kresge American Cities Program: "“What we’ve learned in Detroit is that CDOs that are deeply rooted in place have a powerful understanding of neighborhood histories, desires and assets. This puts them in a unique position to advance community priorities."

Mission, Money & Markets: Is 2021 a turning point for the Opportunity Zones incentive?

June 10, 2021

Four years ago, Opportunity Zones brought fervor to the real estate world and intense debate to the community development finance sector. Opportunity Zones (OZ) allow investors to reduce their tax bill on capital gains if they invest those gains into a qualified opportunity zone fund. Keeping gains invested for 10…

A open window sframes a suburban house and neighborhood from inside a construction project.

Marygrove Conservancy

This guarantee backs a loan provided by the Northern Trust company to facilitate a New Markets Tax Credit transaction to finance the construction of an early childhood education center on the Marygrove campus. In addition, Kresge will provide certain guarantees to the New Markets Tax Credit Lenders (Cinnaire, Capital Impact…

Greenprint Partners

The purpose of this convertible note is to enable Greenprint Partners to make certain enterprise-level investments such as hiring its first Chief Financial Officer, completing a strategic planning process, and developing new markets. Greenprint’s mission and focus is to bring the benefits of green stormwater infrastructure to communities that are…

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