Philanthropic Foundation

There are significant opportunities for impact investors and high performing Development Finance Agencies to collaborate on filling the capital gaps facing cities and neighborhoods working to support urban revitalization. Impact investors can become a major source of capital to grow, create jobs and spur economic and community development in urban areas.

We have created several partnership opportunities for impact investors within our work. Our investors are foundations and high net worth individuals who are willing to invest in a riskier, or lower-return product, because the social impact story is compelling.

Here is what makes us a good pipeline partner of impact deals:

Mission Alignment – Real estate is a key driver of both economic outcomes and quality of life for citizens. We are the only regional economic development agency focused on the public ownership and financing of real estate, for the purpose of building the foundation for job creation and sustainable communities where residents have the opportunity to participate in economic prosperity;

Right Tools -- We are structured to be able to take on calculated real estate and financing risks that advance public objectives;

Technical Expertise & Relationships with Community Development Corporations – We are an effective intermediary between community “boots on the ground” and capital sources.


Foundations and impact investors looking to support urban revitalization should consider partnering with us to unlock transformative development.


Our Impact Investing Programs:

For Urban Manufacturing: The Redevelopment Authority’s Patient Capital Note program has raised $8.8 million from accredited investors interested in community impact. This is a below-market impact investment focused on the return of principal. Local investors view the trade-off of investment earnings for quality jobs. Learn more.

For Neighborhood Business Districts: The Redevelopment Authority has designed a unique place-based redevelopment strategy to restore vibrant neighborhood retail and commerce with a focus on inclusivity and engagement of small, neighborhood-based enterprise. The DREAM Loan Fund is a commercial revolving loan fund that makes real estate based loans designed to provide financing for capital improvements in places where the market won’t go. DREAM was seeded through a $5 million loan from The Kresge Foundation. Learn More.


Increasingly, companies and individuals are seeking investment options that offer social impact as well as traditional return. We offer a number of avenues to invest wisely and make an impact in our community.