Community Development Financial Institutions Program in Michigan
Community Development Financial Institutions Program (21.020) awarded $15.2 million to recipients in Michigan in 37 grants from fiscal 2021 to 2025, 1.9% of the program's national total. Michigan First Credit Union received the most, $1.4 million.
- Awarded in Michigan$15.2 million
- Awards37
- Share of the program1.9%
- Rank among states19th of 50
- National total$807 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 4 | $500,000 |
| FY 2022 | 10 | $3.1 million |
| FY 2023 | 3 | $1.2 million |
| FY 2024 | 12 | $8.1 million |
| FY 2025 | 9 | $2.3 million |
Recipients in Michigan
| Recipient | Type | Awards | Amount |
|---|---|---|---|
| Michigan First Credit Union | Nonprofits | 2 | $1.4 million |
| American 1 Credit Union | Nonprofits | 1 | $1.0 million |
| Invest Detroit Foundation | Nonprofits | 1 | $800,000 |
| Ignite Credit Union | Other | 1 | $800,000 |
| Zeal Credit Union | Nonprofits | 1 | $800,000 |
| Financial Plus Credit Union | Nonprofits | 1 | $725,000 |
| Prosperus Detroit Micro Lending | Nonprofits | 2 | $675,000 |
| Grand Rapids Opportunities for Women | Nonprofits | 2 | $635,000 |
| Lake Superior Community Development Corp | Nonprofits | 2 | $625,000 |
| Lake Trust Credit Union | Nonprofits | 1 | $625,000 |
Open opportunities under this program
None is open or forecast on Grants.gov right now.
Questions people ask
How much Community Development Financial Institutions Program money goes to Michigan?
$15.2 million from fiscal 2021 to 2025, across 37 awards. Michigan ranks 19th of 50 states and territories for this program.
Who receives Community Development Financial Institutions Program money in Michigan?
The largest recipient is Michigan First Credit Union, with $1.4 million in 2 awards. Next are American 1 Credit Union and Invest Detroit Foundation.
Can organizations in Michigan apply now?
No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year.
Community Development Financial Institutions Program in other states
Other large programs in Michigan
- Grants to States for Medicaid
- Highway Planning and Construction
- Education Stabilization Fund
- Temporary Assistance for Needy Families
- National School Lunch Program
- Commercial Technologies for Maintenance Activities Program
- Title I Grants to Local Educational Agencies
- Special Education Grants to States
- Child Care and Development Block Grant
- Head Start