Building Fund
No-interest capital for equitable residential development in Detroit.
Applications are closed
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Program Overview
The Building Fund provides no-interest development loans to residential developers of African descent who are building in Detroit. Our goal is to support equitable development that strengthens communities and creates generational wealth.
This program recognizes that access to affordable capital is one of the biggest barriers to real estate development, especially for developers from underrepresented communities.
Get More InformationDeveloper Requirements
- Applicant must be a developer of African descent.
- The project must be located in Detroit
- The project must focus on residential development
- Prior development experience or relevant certifications are required
Loan Terms
Interest Rate
0%
No interest, ever.
Repayment Terms
5 years
Flexible repayment structure
Payment Structure
- First payment due 3 months after closing
- Partial payments during construction phase
- Full monthly payments begin upon project completion or 1 year after closing, whichever comes first
Draw Process
Segment 1 — 33%
Initial disbursement at loan closing
Segment 2 — 33%
After inspection and milestone completion
Segment 3 — 34%
Final disbursement upon inspection
Required Documentation
- Personal and business credit reports
- Collateral (investment property)
- Detailed scope of work
- Project pro forma
- Construction schedule
- Proof of funds beyond loan amount (personal investment required)
Join the movement
Choose your funding
level.
Every dollar you invest goes directly to supporting Black entrepreneurs and initiatives across Detroit. No amount is too small.
Choose your funding level
Also via Cash App: $bldetroit
Collective impact at your level
If 100,000 Detroiters join, that's $5.2M a year.
At just $1 per week, 100,000 Detroiters generate over $5.2M in community investment — every single year.