MI07 Stories and Data

MI07 Stories

OFN Story: Michigan CDFI Finances Family-Owned Automotive Recycling Business
Detroit CDFI coalition amplifies positive outcomes in communities across the city
Lebowsky Center
Harbor Shores

MI07 Fact Sheet

CDFIs stand in the gap for communities that have long been overlooked, offering the tools, capital, and support that empower people to lift themselves up by their bootstraps. From revitalizing main streets to helping families buy their first homes, CDFIs turn potential into progress. With timely and full support from the Treasury Department, these institutions can continue delivering measurable impact, fueling self-reliance, entrepreneurship, and generational change in America’s most underinvested communities

-Kevin FItzgerald, Opportunity Resource Fund, East Lansing, MI

CDFIs provide an important unique opportunity support communities by creating opportunities for underbanked companies and individuals to pull themselves up by their bootstrap by creating new businesses, housing and strengthening financial composites

-Kevin FItzgerald, OppFund, East Lansing, MI

CDFIs provide financial services, education and loans to support economic growth and development for families and small businesses. Many qualify, but are unable to secure needed funding through mainstream, traditional financial sources. The work of CDFIs enriches our communities and the quality of life for residents.

-Sheilah Clay, Purposeful Consulting, LLC, Farmington Hills, MI

Map of MI07 CDFI Branches and Stories