Michigan Community Capital
Michigan Community Capital is a 501(c)(3) nonprofit CDFI and CDE that deploys New Markets Tax Credits, CDFI loans, and direct real estate development to drive economic mobility for low- and moderate-income Michigan residents through housing, jobs, and healthy food access projects.
- Company typePrivate
- Founded2005
- HeadquartersLansing, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Michigan Community Capital firmographics
Firmographics- Name
- Michigan Community Capital
- Legal name
- Michigan Community Capital
- Website
- https://michigancommunitycapital.org
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Michigan Community Capital is a 501(c)(3) nonprofit CDFI and CDE that deploys New Markets Tax Credits, CDFI loans, and direct real estate development to drive economic mobility for low- and moderate-income Michigan residents through housing, jobs, and healthy food access projects.
- Ownership category
- akta.pro rank
Michigan Community Capital industry classification
Industry- Product category
- Community Development Finance
- NAICS
- Grantmaking and Giving Services (81321), Community Housing Services (62422)
- SIC
- Miscellaneous Business Credit Institution (6159), Investors, Nec (6799)
- akta.pro primary industry
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)
- akta.pro secondary industries
- Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ), Public Works & Municipal Infrastructure (Streets, Stormwater, Facilities) (BPAIACAF)
Keywords
Where Michigan Community Capital is headquartered
LocationHeadquarters
- HQ city
- Lansing
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Michigan Community Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- New Markets Tax Credits: MCC receives NMTC allocations from the U.S. Department of Treasury CDFI Fund and deploys them to projects that create quality jobs, healthy food access, and mixed-use attainable housing. Since 2005, MCC has received $510 million in NMTC allocations and invested them into more than 40 projects statewide.
- CDFI Lending: MCC provides low-cost, flexible loans including real estate loans (construction and/or permanent financing), bridge loans for tax increment financing reimbursements, and predevelopment loans customized to project needs. They serve as a trusted partner with nonprofits, governments, and businesses throughout Michigan.
- Development Equity Investment: MCC develops for-sale and rental affordable and attainable housing as developer and investor. Their rental properties are held long-term and managed on-site by MCC staff. Properties are mixed-use, located in walkable communities with access to amenities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Michigan Community Capital product offering
Product offeringCore offering
Michigan Community Capital is a nonprofit 501(c)(3) public charity and certified CDFI/CDE that deploys New Markets Tax Credits and flexible loan products to support community development projects across Michigan. It funds mission-focused projects that create or preserve affordable and attainable housing, expand healthy food access in underserved markets, and create quality jobs in low- and moderate-income communities. The organization also directly develops, owns, and manages rental affordable housing properties long-term.
Product overview
Michigan Community Capital offers a unified portfolio of three core community development financial products: New Markets Tax Credits (NMTC) for attracting private capital to low-income community projects, CDFI Lending providing flexible loan products including real estate loans, bridge loans, and predevelopment financing, and Community Development involving direct real estate development of affordable and attainable housing. These products work together to support the company's mission of driving economic mobility for low- and moderate-income Michigan residents through housing creation, job opportunities, and healthy food access projects.
Differentiator
Problem solved
Functional benefit
Products and services
- New Markets Tax Credits Federal tax credit program deployed by MCC as a certified CDE that attracts private capital to projects supporting low- and moderate-income households and communities in Michigan, focused on quality job creation, healthy food access, and mixed-use attainable housing.
- CDFI Lending
Quantifiable outcome
- Created/retained 7,453 permanent jobs
- +4 more outcomes
Companies that use Michigan Community Capital
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles3 records
Michigan Community Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Michigan Community Capital partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Eastern Market Partnership (Detroit)coreEastern Market Corporation partnered with MCC and public-private coalition to open Shed 7, a 43,000 SF wholesale food distribution facility.
- RJR DistributioncoreMajor wholesale anchor tenant at Eastern Market Shed 7, utilizing the 43,000 SF facility for food distribution operations.
- Michigan Economic Development Corporation (MEDC)coreState economic development agency supporting MCC's missions through financing and development partnerships for low-income and attainable housing, and brownfield redevelopment.
- Michigan State Housing Development Authority (MSHDA)coreState housing authority supporting MCC's missions by facilitating financing for low-income housing and community redevelopment throughout Michigan.
Scale indicators12 records
Recent moves6 records
Expansion highlights4 records
Michigan Community Capital competitors and assessment
Company assessmentDirect peers
- IFF: Midwest-based CDFI that partners with MCC on community development lending and real estate financing. Competes and collaborates in the same affordable housing, food access, and community facility financing space across Michigan and the broader Great Lakes region.
- Coastal Enterprises Inc. (CEI): State-focused CDFI and CDE in Maine that combines NMTC deployment, lending, and direct business/investment activity. Highly analogous to MCC's vertically integrated CDFI/CDE/developer operating model, but in a different geography.
- Cinnaire: Multi-state CDFI and CDE based in Michigan that co-invests in NMTC projects alongside MCC (e.g., Broadway Lofts, Tommy Car Wash Systems). Competes for the same pool of Michigan developers, banking partners, and federal allocations, making it the most direct comparable.
- Invest Detroit: Detroit-focused CDE that co-invests with MCC on NMTC projects including Eastern Market Shed 7 and Hollingsworth Logistics Group. Operates in the same Michigan low-income community development niche with overlapping deal sourcing and banking partner ecosystem.
- Craft3: Pacific Northwest CDFI and CDE offering flexible financing, NMTC deployment, and real estate development services to underserved communities. Operates a comparable integrated CDFI/CDE/development model to MCC but across Oregon, Washington, and Alaska.
Regional players
- Michigan Economic Development Corporation (MEDC): State economic development agency that MCC explicitly supports in its mission and partners with on financing and development. Comparable as a Michigan-focused development actor providing overlapping grants, programs, and project co-funding, though as a state agency rather than a private nonprofit.
Broad incumbents
- Enterprise Community Partners: National nonprofit CDFI and CDE operating a broad community development portfolio including NMTC deployment, affordable housing finance, and development advisory. Comparable to MCC as a larger incumbent with overlapping mission and product set, though at national rather than state-level scale.
- Local Initiatives Support Corporation (LISC): National CDFI active in Michigan that deploys NMTCs, lends to community developers, and finances affordable housing and facilities. Operates an overlapping product suite with MCC but at far greater geographic scale, serving as a broad incumbent benchmark.
- U.S. Bancorp Impact Finance: Subsidiary of U.S. Bank serving as NMTC investor on multiple MCC projects (ALDI, Hollingsworth). A broad incumbent providing institutional NMTC equity and competitive comparable for community development capital providers.
- JPMorgan Chase Community Development Banking: Major bank's community development arm that co-invests in NMTC projects with MCC (including Eastern Market Shed 7) and competes for high-impact CRA-eligible deals. Comparable as a large-scale source of NMTC equity and community development capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Michigan Community Capital social profiles
Digital presenceMichigan Community Capital compliance and trust
Trust signalCompliance2 records
Michigan Community Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Michigan Community Capital leadership team
Management profileNumber of profiles
Profiles4 records
Michigan Community Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Michigan Community Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Michigan Community Capital
What does Michigan Community Capital do?
Michigan Community Capital is a nonprofit 501(c)(3) public charity and certified CDFI/CDE that deploys New Markets Tax Credits and flexible loan products to support community development projects across Michigan. It funds mission-focused projects that create or preserve affordable and attainable housing, expand healthy food access in underserved markets, and create quality jobs in low- and moderate-income communities. The organization also directly develops, owns, and manages rental affordable housing properties long-term.
Is Michigan Community Capital a public or private company?
Michigan Community Capital is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Michigan Community Capital founded?
Michigan Community Capital was founded in 2005. It employs 11 to 50 people.
Where is Michigan Community Capital based?
Michigan Community Capital is headquartered in Lansing, United States, in the North America region.
How does Michigan Community Capital make money?
Three revenue lines are on record. New Markets Tax Credits are the primary driver. The others are CDFI Lending and development Equity Investment.
Who are Michigan Community Capital's main competitors?
Direct peers on record are IFF, Coastal Enterprises Inc. (CEI), Cinnaire, Invest Detroit and Craft3. Michigan Economic Development Corporation (MEDC) is listed as a regional player. Broad incumbents are Enterprise Community Partners, Local Initiatives Support Corporation (LISC), U.S. Bancorp Impact Finance and JPMorgan Chase Community Development Banking.
Does Michigan Community Capital have an API?
No public API is recorded for Michigan Community Capital.
What industry is Michigan Community Capital in?
Michigan Community Capital's product category is Community Development Finance. Its primary akta.pro industry code is BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance), with a secondary code of BPAIACAJ, Housing & Neighborhood Services (Local Housing Programs). Its NAICS code is 81321 and its SIC code is 6159.