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General Purposes

Michigan CDFI Coalition

  • Program Flint Area
  • Program Area Restoring Community Vitality
  • Grant Amount $50,000
  • Grant Period January 1, 2024–December 31, 2024
  • Location Lansing, MI, United States
  • Geographic Focus Flint, Michigan

About this grant

This grant will provide general purposes support for the Michigan CDFI Coalition to ensure that low- and moderate-income individuals, businesses and communities gain access to the banking system. To meet the goal of increasing access to the banking system, the grantee will: 1) create and provide direct technical training opportunities to low- and moderate-income borrowers; 2) undertake best practice research, sharing and implementation amongst members; 3) ensure no wrong door to enter the banking system, including designing a referral system for borrowers; 4) produce and share reports on banking needs in low- and moderate-income communities based on extensive data collection; and 5) through ongoing education to policymakers, highlight the need for more resources being deployed directly to Michigan community development financial institutions.