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.

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