Detroit Development Fund

Detroit Development Fund is a certified community development financial institution, incorporated in the state of Michigan. Detroit Development Fund was created in 1998 with an initial mission of helping revitalize an economically distressed target area in Detroit’s far East side neighborhoods. It now operates throughout the City of Detroit. Detroit Development Fund provides loans and technical assistance to small business owners, developers, building owners, contractors, and subcontractors who cannot get all of the capital they need from traditional financing sources. It delivers its products and services with the goals of revitalizing businesses and neighborhoods in Detroit, Michigan, creating economic equity, and promoting a healthy environment.

Loan Relief: DDF creates low interest micro-loans for local neighborhood businesses to preserve and create jobs. Funding will provide loan relief for Detroit Community Loan Fund/Biz Loan for four businesses in good standing.