Federal grants to Invest Detroit Foundation
Invest Detroit Foundation in Detroit, Michigan received $6.4 million in federal grants from fiscal 2021 to 2025, across 5 awards. Its largest program was Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with $2.4 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$6.4 million
- Awards5
- Awarded in FY 2025$0
- Largest award$2.4 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 0 | $0 |
| FY 2023 | 2 | $3.0 million |
| FY 2024 | 2 | $1.6 million |
| FY 2025 | 0 | $0 |
Programs that fund Invest Detroit Foundation
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $2.4 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Economic Development Initiative, Community Project Funding, and Miscellaneous grants | 1 | $850,000 |
| Community Development Financial Institutions Program | 1 | $800,000 |
| Congressional Grants | 1 | $600,000 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 3 | $5.0 million |
| Department of Housing and Urban Development | 1 | $850,000 |
| Small Business Administration | 1 | $600,000 |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $2.4 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: economic development initiative, community project funding/congressional directed spending awards are authorized under the consolidated appropriations act, 2022 public law 117-328 and the explanatory statement for division l of that act. Projects selected for community project funding/congr | Economic Development Initiative, Community Project Funding, and Miscellaneous grants | August 20, 2024 | $850,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $800,000 |
| FY 23 congressional community project invest detroit foundation | Congressional Grants | May 1, 2023 | $600,000 |
Questions people ask
How much federal grant money does Invest Detroit Foundation get?
$6.4 million in 5 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Invest Detroit Foundation the most?
The Department of the Treasury, with $5.0 million in 3 awards. The Department of Housing and Urban Development and the Small Business Administration follow.
What is Invest Detroit Foundation's largest federal grant?
$2.4 million under Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with its first action in the period on April 10, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Invest Detroit Foundation?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Economic Development Initiative, Community Project Funding, and Miscellaneous grants.
Other grant recipients in Detroit
- City of Detroit
- Wayne State University
- Wayne County Airport Authority
- City of Detroit
- Suburban Mobility Authority for Regional Transportation
- Matrix Human Services
- Detroit Housing Commission
- Wayne Metropolitan Community Action Agency
Largest federal grant recipients in Michigan · Federal grants in Michigan