Detroit Development Fund is a non-profit (501(c)(3)) organization and a certified community development financial institution, incorporated in the state of Michigan. Detroit Development Fund was created in 1998 with an initial mission of helping revitalize an economically distressed target area in Detroit's far East side neighborhoods.
It now operates throughout the City of Detroit. Detroit Development Fund provides loans and technical assistance to small business owners, developers, building owners, contractors, and subcontractors who cannot get all of the capital they need from traditional financing sources.
It now operates throughout the City of Detroit. Detroit Development Fund provides loans and technical assistance to small business owners, developers, building owners, contractors, and subcontractors who cannot get all of the capital they need from traditional financing sources.
Services
Ace Investment Group
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In 2003, Moses Shepherd, a perpetual entrepreneur, decided to read a few real estate books and purchase his first property. After remodeling the house, he was able to sell it quickly for a profit. A year later Mr. Shepherd founded Ace Investment Group, which has purchased over 100 properties and has 7 full time employees.
Astro Coffee
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Prior to returning to Detroit in 2008, Astro Coffer owner Dai Hughs served coffee in some of the world's great cities including, London and Sydney to name a few. The shop, located at 2124 Michigan Avenue in the heart of Corktown, sources its beans from roasters around the country.
In addition to espresso drinks and individually drip-brewed cups of coffee, Astro offers cakes, scones and other sweets, as well as fresh sandwiches prepared by his wife/partner Jess Hicks.This website does not constitute or contain an offer or solicitation of any kind and none should be inferred.
In addition to espresso drinks and individually drip-brewed cups of coffee, Astro offers cakes, scones and other sweets, as well as fresh sandwiches prepared by his wife/partner Jess Hicks.This website does not constitute or contain an offer or solicitation of any kind and none should be inferred.
Cass Cafe
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Chuck Roy opened Cass Caf in 1993 after falling in love with the Cass Corridor neighborhood as a student at Wayne State University. With the help of Detroit Development Fund and the Michigan Saves program, Mr. Roy is currently rehabbing the restaurant -replacing the roof, HVAC units, lighting and windows.
Creative Arts Center
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Located in the former 3rd Police Precinct near I-75 & Vernor Avenue near the foot of the Ambassador Bridge in Mexicantown, the Creative Arts Center is an example of how a nonprofit developer, Southwest Housing Solutions, with a vision can transform a derelict property. This website does not constitute or contain an offer or solicitation of any kind and none should be inferred.
Daughters Convenience Store
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Marlene Brooks the owner of Daughters Convenience Store is in a historical landmark building in Downtown Detroit that has a number of long-time tenants that live in the building. She is optimistic that people are coming back to downtown to live and work so that we can keep expanding our product line.
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