The Making of an Equitable Community Development Loan Product
The Making of an Equitable Community Development Loan Product
2019
Over our years of working in Detroit, we have provided more than $200 million in financing to support projects that deliver social impact. However, we also learned that a majority of that financing went to white developers despite the city’s population being 79 percent black. This article describes how Capital Impact, with a grant from the CDFI Fund, is working to create a new loan product that will support a more equitable distribution of its financing efforts.
