2307
Below Poverty
32%Age 17 or Younger
27%Age 65 or Older
14%Minority Status
83%Uninsured
9%Housing Units
1170Housing Cost Burden
29%Unenmployed
7%No Vehicle
30%$10,000 to $40,000
The DDF Micro Loan Fund was designed to assist small businesses and aspiring entrepreneurs in Detroit, Hamtramck, and Highland Park. DDF Micro Loan Fund provides capital to small businesses in their initial stage of development with the purpose of supporting businesses who have the potential to flourish and expand when given the right tools and support.
The Detroit Neighborhood Fund was originally intended to position east-side neighborhoods to participate in and benefit from the major economic development and investment planned for Detroit’s east riverfront. When the collapse of the regional and national economy stalled these plans, the Detroit Neighborhood Fund became a critical neighborhood resource that helped stabilize this strategically important part of the city, preparing it for revitalization. Detroit Neighborhood Fund investments helped the neighborhoods weather the economic downturn by investing in the community capital and key new anchoring assets that will retain and attract residents to the neighborhoods in the coming years. With a resurgence of interest in city living among younger adults, and with the growing Midtown neighborhood at capacity, the near-east side is well positioned to take advantage of the residential demand generated by the city’s “Live/Work” programs.
CFSEM Ford Foundation; Kellogg Foundation