Expanding opportunities in America’s cities

Community Reinvestment Fund

Minneapolis, Minn.
$6 million guarantee

Awarded

Committed:
2016

A CDFI that is a servicer for nontraditional loan portfolios that include small business loans, residential mortgages and financing for community facilities. Kresge's guarantee to CRF’s Detroit Home Mortgage Fund will make available a mortgage loan product for owner-occupant purchasers of under-valued properties in Detroit, which will allow borrowers to borrow above appraised values and typical bank limits and will support necessary rehabilitations.

Area Served

Area Served:
Detroit, Michigan