Woodward Corridor Investment Fund

As home to some of Detroit’s largest institutions and employers, major medical and academic campuses and arts and entertainment venues, the Woodward Avenue Corridor area has a high demand for multi-income, mixed use and transit friendly housing options. To meet that need, Capital Impact Partners, a certified nonprofit community development financial institution, convened a number of local and national partners to launch the Woodward Corridor Investment Fund. This $30 million Fund offers long-term, fixed rate loans with competitive terms for the building and renovation of multi-family and mixed-use properties. In addition to attracting residents and commercial activity, the fund’s goal is to create social impact by establishing a sustainable corridor model and expand economic opportunity for all residents.

Investment: $250,000 to the Woodward Corridor Investment Fund in partnership with the Kresge Foundation Social Investment Practice to spur transformative real estate ventures to advance the physical development goals of the Woodward Corridor.