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Progress Dashboard

Where have we been?

Where have we been?

Where are we now?

Phase 1 Phase 2 Phase 3

Phase 1 (2016)

We recruited stakeholders to analyze the problem, created a beginning set of system elements, and began considering a framework for a Detroit community development system.

Phase 2 (2017-2018)

We formed an Advisory Council, conducted extensive research resulting in a specific set of challenges and created Task Forces to respond to those challenges and develop test-projects for most of the elements.

Phase 3 (2019-2020)

Stakeholders will champion elements of the system, working closely with CDOs and GROs, by “test-piloting” project ideas:

  • Coordination of Capacity Building Services
  • Community Development Career Navigation Model
  • Neighborhood Vitality Success Framework
  • Neighborhood Voice and Advocacy Framework
  • At least two city-CDO funded partnerships

Simultaneously we will:

  • Activate the System Capitalization element
  • Establish a governance/oversight structure
  • Develop a process to resolve CDO coverage for all neighborhoods
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Deadline June 30: Apply for the Diversity in Development – Detroit Loan Fund

June 30, 2020

Capital Impact Partners’ Diversity in Development – Detroit Loan Fund application is now open through June 30! If you are a real estate developer of color in Detroit, be sure to apply; interested candidates must be locally based, identify as racial or ethnic minorities and have projects with at least five residential units in the city of Detroit.
APPLY NOW
Applications and all requested materials should be submitted by 5:00 p.m. on Tuesday, June 30. Required materials include:
  • Current Project Budget (sources and uses)
  • Current 5‑Year Cash Flow Projections
  • Historical Financial Statements (applicable if you are rehabilitating an operating property)
  • Project Timeline
  • Development Team Statement(s) of Qualifications

If you have already applied, please be sure that you have submitted the complete list of required documents.

After June 30, they will review all applications and determine which projects are ready to move forward through their lending process. They expect to notify applicants whether or not they are moving forward in July.

For more information or to submit an application, please visit their Diversity in Development – Detroit Loan Fund webpage. For questions, please reach out to Nicholas Pohl at (313) 230‑1255 or npohl@capitalimpact.org .

Details

Date:
June 30, 2020
Event Category:

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