Detroit Development Fund

Our mission is investing in the people, businesses, and communities in underserved neighborhoods in the city of Detroit, creating jobs, affordable housing, and overall economic equity.
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// MISSION

Our mission is investing in the people, businesses, and communities in underserved neighborhoods in the city of Detroit, creating jobs, affordable housing, and overall economic equity.


// KEY SERVICES PROVIDED

The Detroit Development Fund (DDF) provides loans/access to capital to entrepreneurs who do not qualify for traditional bank funding. Its services also provide a much-needed safe alternative to predatory products, with lower interest rates, fl exible terms, and ongoing coaching and consultation throughout the life of the loan.

DDF delivers its services with the goal of creating and ensuring racial and economic equity for all Detroit entrepreneurs while promoting a healthy financial environment for the city鈥檚 residents and families.

DDF is also a Detroit forerunner in providing capital access to minority- and BIPOC-owned businesses in low-to-moderate-income neighborhoods through its Entrepreneurs of Color Fund, which provides loans ranging from as low as $5,000 to $350,000.

DDF services include:

鈥 Small-business and micro loans.

鈥 Contractor lines of credit.

鈥 Late-stage predevelopment loans.

鈥 Preconstruction loans.


// LEADERSHIP

Ray Waters, President
Deborah Jones, Chief Operating Officer


// CONTACT INFORMATION

3031 W. Grand Blvd., Suite 505
Detroit, MI 48202
313-800-5387