State Result
Impact Data for Michigan
The CDFI Fund makes an impact by providing awards to organizations that make credit, capital, and other critical financial services available to disadvantaged businesses and low-income communities throughout the country. View state impact data by our CDFI Program and NMTC Program awardees to the right, and view the full list of awards made to organizations in this state below.
AMOUNT OF NMTC INVESTMENTS
$1,780,483,275
NUMBER OF NMTC INVESTMENTS
156
AMOUNT OF CDFI LOANS
$7,485,092,396
NUMBER OF CDFI LOANS
314,809
Award History
| Awardee | City | State | Year | Program | Amount |
|---|---|---|---|---|---|
| First Independence Bank | Detroit | MI | 2013 | BEA | $323,000 |
| FM Financial Credit Union | Flint | MI | 2013 | CDFI-TA | $46,272 |
| Invest Detroit CDE | Detroit | MI | 2013 | NMTC | $28,000,000 |
| Lake Superior Community Development Corp. | L'Anse | MI | 2013 | NACA-FA | $250,000 |
| Opportunity Resource Fund | Lansing | MI | 2013 | CDFI-FA | $1,347,000 |
| Chi Ishobak, Inc. | Dowagiac | MI | 2012 | NACA-TA | $145,962 |
| Community Investment Support Fund | Detroit | MI | 2012 | CDFI-TA | $96,400 |
| First Independence Bank | Detroit | MI | 2012 | BEA | $120,578 |
| Invest Detroit Foundation | Detroit | MI | 2012 | CDFI-FA | $1,453,806 |
| Northern Shores Community Development, Inc. | Petoskey | MI | 2012 | NACA-TA | $149,999 |