The city of Detroit announced plans to raise $130 million in partnership with Invest Detroit as well as the Kresge Foundation and other local philanthropic and public organizations in an effort to provide commercial improvements, affordable housing, and streetscape and park improvements in seven
Recently, the This week Kimberlee R. Cornett, Managing Director of the Krege Foundation's Social Investment Practice, wrote about some of the work the Kresge Foundation has made possible as a funder and partner to CDFIs.
The Kresge Foundation has announced first-round investments totaling $14 million to expand opportunity for low-income individuals in American cities.
The Kresge Foundation is awarding $3 million to Boston Community Capital's (BCC) loan fund to invest in Massachusetts' Gateway Cities, small to mid-size regional cities with industrial histories.