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 |
|---|---|---|---|---|---|
| Prosperus Detroit Micro Lending | Detroit | MI | 2022 | CDFI-ERP | $500,000 |
| Michigan First Credit Union | Southfield | MI | 2022 | CDFI-FA | $640,000 |
| Public Service Credit Union | Romulus | MI | 2022 | CDFI-ERP | $4,957,678 |
| Michigan Women's Foundation, The | Detroit | MI | 2022 | CDFI-FA | $560,000 |
| Cinnaire New Markets LLC | Lansing | MI | 2022 | NMTC | $60,000,000 |
| Grand Rapids Opportunities for Women | Grand Rapids | MI | 2022 | CDFI-TA | $125,000 |
| Ignite Credit Union | Allegan | MI | 2022 | CDFI-ERP | $3,470,374 |
| Invest Detroit CDE | Detroit | MI | 2022 | NMTC | $45,000,000 |
| Lake Superior Community Development Corp. | L'Anse | MI | 2022 | SDL | $119,324 |
| Chi Ishobak, Inc. | Dowagiac | MI | 2022 | CDFI-ERP | $2,065,699 |