Detroit Development Fund, a community development finance institution based in Detroit, received approval of a $1 million loan from MSF to make micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck, with emphasis on businesses located in economically disadvantaged areas. Copyright © 2011- DDF is now accepting applications for the MEDC COVID-19 Relief Fund. The Detroit Regional Workforce Fund envisions a healthy community that creates the conditions for financial stability of all residents and the economic vitality of businesses in Detroit and southeast Michigan. What are the organization's current programs, how do they measure success, Sched.com Conference Mobile Apps. Crowdfunding . Summary People Technology Signals & News. Announced in March 2019, The Mid will be the biggest development in Detroit north of Mack Avenue since the 1920s. DETROIT DEVELOPMENT FUND is a company based out of 277 GRATIOT NO 3RD FL, DETROIT, Michigan, United States. Full-Time (Paid) job for a Director, Fund Development at Housing Partnership Network in Detroit, Michigan About the Detroit Development Fund DDF was established in 1996 with a mission to "improve the quality of life for residents in underserved Detroit neighborhoods." Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. Detroit Development Fund is organization and a certified community development financial institution, incorporated in … All material is the property of the City of Detroit and may only be used with permission. Sign in or create an account to view Form(s) 990 for 2019, 2018 and 2017. Whether it’s buying a home, starting a business or understanding how to pay for college, people of all ages, incomes and backgrounds count on us to help improve their lives. DDF anticipates it will provide loans to businesses that require patient, flexible working capital to re-open or re-establish operations following the relaxation of the stay-at-home orders, mandated closures, and other public health restrictions. Click here to resend it.). Detroit Philanthropy offers affordable, private coaching services that allow development professionals an opportunity to garner advice, safely discuss challenges, brainstorm new ideas, solve problems, and learn new strategies and tactics. Help us get you more of the nonprofit information you need, including: An email has been sent to the address you provided. A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. Interested Detroit small businesses can learn more about eligibility by contacting the Detroit Development Fund at 1-313-784-9547 or vholsey@detroitdevelopmentfund.com. The Organization's small business loan fund provides growth capital in the form of business loans to Detroit companies not able to obtain the necessary financing needed from traditional financing sources.Over the last few years, the target market has seen an influx of young, entrepreneurs moving into its neighborhoods bringing forth creative synergies and increased demand for housing and local businesses. The program is aimed at assisting those local businesses that have been most impacted by COVID-19 virus, such as restaurants, coffee houses, retail stores, and service providers. About. Detroit Development Fund (DDF) is a Community Development Finance Institution that provides financing to small business owners, devel-opers, building owners, contractors, and home purchasers who cannot raise the capital they need from traditional financing sources. All material is the property of the City of Detroit and may only be used with permission. Navigate the map below to understand development opportunities across Detroit. Detroit Development Fund, a Community Development Finance Institution based in Detroit, received approval of a $1 million loan from the Michigan Strategic Fund to make micro and small business loans ranging from $5,000 to $250,000 to Michigan’s small businesses in Detroit, Highland Park, and Hamtramck, with an emphasis on businesses located in economically disadvantaged areas. Want to see how you can enhance your nonprofit research and unlock more insights? Want to see how you can enhance your nonprofit research and unlock more insights? Officers, directors, trustees, and key employees, Analyze a variety of pre-calculated financial metrics, Access beautifully interactive analysis and comparison tools, Compare nonprofit financials to similar organizations, Revenue and expense data for the current fiscal year, CEO, Board Chair, and Board of Directors information, *with the ability to download the data for 2019, 2018, 2017, 2016, 2015. SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. IV. All material is the property of the City of Detroit and may only be used with permission. The Detroit Development Fund is a small business lender, giving grants in the form of a loan. The Detroit Community Development Mini-Grant Fund Presented in partnership with Community Development Advocates of Detroit (CDAD), with support from J.P. Morgan Chase, this fund is designed to support the crucial work of Detroit community development and neighborhood organizations. The Detroit Development Fund will get a loan of up to $1 million to distribute as microloans to small businesses in Detroit, Highland Park and Hamtramck that are reopening following shutdowns due to … Detroit Community Loan Fund (DCLF) is a Community Development Financial Institution (CDFI) and low-profit limited liability company (L3C), created by Detroit Development Fund and Invest Detroit. to get more GuideStar Nonprofit Profile data today! Learn More Detroit Development Fund is a small business bureau based in Detroit, MI that was founded in 1996. In this short case study, learn how and why the Kresge Social Investment Practice made an investment in Detroit Development Fund. Over the years, the Fund provided over $42 million in financing to over 300 companies with businesses and projects in Detroit. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with … This profile for Detroit Development Fund is located in Detroit, MI. A verification email has been sent to you. detroit development fund Detroit Development Fund’s mission is to improve the quality of life in underserved Detroit neighborhoods and for Detroit residents. This organization is required to file an IRS Form 990 or 990-EZ. Businesses can use these loans primarily for working capital, acquiring machinery and equipment, and inventory. Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Businesses interested in applying for a loan should contact us by phone at (313) 784-9623, or by email at vholsey@detroitdevelopmentfund.com. Detroit Development Fund. The fund is a new tool for Capital Impact’s long-time commitment to equitable development and inclusive growth in Detroit. This relief fund will provide general operating grants in amounts up to $5,000 to … This organization has no recorded board members. The program is aimed at assisting those local … "DDF helped us to avoid looking for investors and helped us stay afloat in the process.". 2020Detroit Development FundAll Rights Reserved. Already have a GuideStar Account? Fund Development Coaching But it doesn’t have to be! The products and services we offer Small Business Loans Recommendations Received (17) Dwight non Crank. Sign in. We finance small businesses headquartered in the city of Detroit which have traditionally faced obstacles in obtaining financing, but have demonstrated growth potential. The Affordable Housing Leverage Fund (AHLF) is a partnership between Detroit Local Initiatives Support Corporation (LISC), the City of Detroit Housing & Revitalization Department (HRD), 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 address housing challenges in … If it is your nonprofit, add a problem overview. This means valuing and promoting diversity in our business practices and working with our partners and communities to combat systemic racism. Ioby utilizes a crowd-funding platform to connect community centered business owners with funding and support. The community development financial institution assists in revitalizing economically distressed areas of Detroit by providing loans and technical assistance to small-business owners, developers, building owners and contractors. Learn more Read some of our success stories or apply for a loan. Detroit, MI, United States ; www.detroitdevelopmentfund.com + Contact Info (313) 784-9547; About; Contact; Back to Top ; Fast-track your prospect research with a Professional plan upgrade. Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. Crowdfunding . This guarantee supported the second-round funding for the Detroit Entrepreneurs of Color Fund. It is inspiring. About the Detroit Development Fund DDF was established in 1996 with a mission to "improve the quality of life for residents in underserved Detroit neighborhoods." 102 Detroit Development Fund jobs available on Indeed.com. Key to this vision is a competitive core city workforce that connects to and propels economic growth in the region and state. The CDFI community has moved to the front of the house in Detroit. Ioby utilizes a crowd-funding platform to connect community centered business owners with funding and support. DDF provides loans and technical assistance to small business owners, developers, building owners, contractors, and subcontractors who cannot get all of the capital they need from traditional financing sources. Detroit Community Loan Fund (DCLF) is a Community Development Financial Institution (CDFI) and low-profit limited liability company (L3C), created by Detroit Development Fund and Invest Detroit. This fund provides a new tool to increase Capital Impact’s long-time commitment to equitable development and inclusive growth in Detroit, by deploying low-cost and flexible construction financing to minority developers who live in and around Detroit — with a preference given to graduates of Capital Impact’s Equitable Development Initiative. and who do the programs serve? Or we could have described the work of the Detroit Development Fund and Invest Detroit in supporting Goldman Sachs’ 10,000 Small Businesses program, which is underwriting scores of entrepreneurs and makers across the city. Learn More D&B Reports Available for Detroit Development Fund Network Visualizer Advertisements. Our mission is to improve the quality of life in underserved Detroit neighborhoods and for Detroit residents. Save. Apply to Project Coordinator, Grant Writer, Administrative Assistant and more! The SNF 2.0 areas are listed below, with updates on their progress from Katy Trudeau, deputy director of Detroit's planning and development department: Grand … Invest Detroit is strongly committed to doing its part to ensure equitable opportunity, voice, and partnership in every facet of our work and throughout Detroit. Information taken from third-party sources is believed to be accurate, however no representation or warranty, expressed or otherwise, is made to, and no reliance should be placed on, the fairness, accuracy, completeness or timeliness of the information contained herein. As of 2019 they had $1.7 million in revenue and $22 million in assets. The Affordable Housing Development and Preservation Fund will be administered by City of Detroit Housing and Revitalization Department (HRD). Detroit Development Fund is organization and a certified community development financial institution, incorporated in … Detroit Development Fund is a non profit, community development organization in Detroit, Michigan, providing business loans and technical assistance. We strive to be the One Bank people most value and trust. Register now. Need the ability to download nonprofit data and more advanced search options? Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. Profile Last Updated: 02/27/2020 Grant Information Last Updated: 02/28/2020. Detroit Development Fund is a non-profit (501(c)(3)) organization. They provide term loans and lines of credit for small business owners, among other loans. The … DETROIT DEVELOPMENT FUND | 39 followers on LinkedIn. Please check your inbox in order to proceed. This website is for informational purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any services or security which may be referenced herein. Click on the link in that email Because the Fund stays aligned with local revitalization strategies, in 2014 it moved forward with providing start-up and neighborhood business financing in an effort to provide smaller companies the proper business technical assistance to get started and/or to scale their company for growth, with a continued goal of creating additional jobs for Detroit residents and more viable neighborhood communities. Back to Top. Detroit Development Fund is a small business bureau based in Detroit, MI that was founded in 1996. About the Detroit Development Fund DDF was established in 1996 with a mission to “improve the quality of life for residents in underserved Detroit neighborhoods.” A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. Detroit Development Fund . A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. For information about the City of Detroit's Web site, email the Web Editor. SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. Detroit Driven; Detroit Innovation; Early Education Matters; Equitable Development; Good Food; Michigan Nightlight; Nonprofit Journal Project; On the Ground; Parnters in the Arts; Powering the Mitten; Resilient Neighborhoods; State of Health; STEM Hub; Stories of Change; Voices of Youth DDF delivers its products to the people and communities in the city Detroit Development Fund, a community development finance institution based in Detroit, received approval of a $1 million loan from MSF to make micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck, with emphasis on businesses located in economically disadvantaged areas. Check out what Detroit Development Fund will be attending at Detroit Startup Week 2017 (Rolling Program Additions) See what Detroit Development Fund will be attending and learn more about the event taking place May 19 - 26, 2017 in Detroit, MI, United States. This grant provides general operating support to Detroit Development Fund (DDF), an important member of the community development ecosystem supporting Detroit's neighborhoods. Some key layers to explore are: To purchase city owned property and /or buildings - select Detroit Land Bank Authority and/or City Owned properties; To understand development opportunities - select Request for Proposals; To understand planning areas in Detroit - Explore Planning and Housing Priority Areas SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. Try a low commitment monthly plan today. As of 2019 they had $1.7 million in revenue and $22 million in assets. about GuideStar Pro. The Diversity in Development – Detroit Loan Fund … Sponsored. (Don't see an email in your inbox? 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