Core Community Partners

What Core Community Partners does

Core Community Partners (CORE) is a non-profit Community Development Financial Institution (CDFI) founded in 2019 and headquartered in Bingham Farms, Michigan, that provides flexible capital and technical assistance to affordable housing developers across Michigan. CORE operates as a non-profit affiliate of MHT Housing, Inc., a 501(c)(3) organization that has developed over 6,000 affordable housing units since 1990, sharing executive leadership between the two entities.

CORE's product portfolio centers on three lending tracks — predevelopment lending, construction lending, and acquisition lending — complemented by consulting services and technical services that span development finance, construction oversight, property management, asset management, and compliance. Its underlying capability is financial structuring expertise rather than a proprietary technology platform: CORE deploys its own capital alongside the multi-disciplinary support of its MHT Housing affiliation, using complex public-private financing stacks including tax-exempt bonds, 4% Low Income Housing Tax Credits (4% LIHTC), Historic Tax Credits, and subordinate gap financing. The organization does not disclose proprietary software, APIs, or AI/ML tooling; product differentiation rests on domain expertise and bundled service delivery.

CORE's business model is non-profit and mission-driven: revenue is generated from interest income, loan fees, and principal repayments on deployed loans, supplemented by paid consulting and technical services engagements and subsidized by CDFI Fund capital (including a $500,000 award received from the U.S. Department of the Treasury CDFI Fund in April 2023). Pricing is quote-based and not publicly disclosed. CORE's go-to-market is relationship-driven enterprise field sales — deal flow originates through the MHT Housing referral network, direct contact (phone, email, website form), and the visibility of affiliated brands — targeting Michigan-based non-profit and faith-based affordable housing developers, community foundations, and select for-profit developers. Geographic focus is concentrated in Michigan with stated intent to expand throughout the state and beyond.

Name

Core Community Partners

Legal name

CORE Community Partners

Website

https://corecommunitypartners.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Core Community Partners is a Michigan-based non-profit CDFI that provides predevelopment, construction, and acquisition lending plus consulting and technical services to affordable housing developers across the state, operating as a non-profit affiliate of MHT Housing, Inc.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Civic and Social Organizations (813410), Professional Organizations (81392)

SIC

Services-Social Services (8300), Investors, Nec (6799)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Community Foundations (BPAGAKAB), Community Development Credit Unions (CDCUs) (FSABAEAC)

Keywords

• Affordable housing lending
• Community development finance
• CDFI lending services
• Predevelopment construction loans
• Affordable housing consulting

Headquarters

HQ city

Michigan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Lending interest and loan repayments: CORE deploys its own capital as predevelopment, construction, and acquisition loans to affordable housing projects, generating revenue from interest income, loan fees, and principal repayments over the life of each facility.
2. Consulting and technical services: CORE provides paid consulting and technical services covering development finance, construction oversight, property management, asset management, and compliance for affordable housing projects.
3. CDFI capital and investing: As a CDFI-certified non-profit, CORE accesses mission-aligned capital (including from the U.S. Department of the Treasury CDFI Fund) and invests in affordable housing and community development projects, generating returns that are recycled into further lending.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

CORE Community Partners is a non-profit CDFI that deploys flexible capital and technical expertise to support affordable housing and community development in Michigan. It offers predevelopment, construction, and acquisition loans to non-profit and for-profit developers, paired with consulting and technical services covering development finance, construction oversight, property management, asset management, and compliance. Its offerings are structured around affordable housing finance stacks using tax-exempt bonds, 4% LIHTC, Historic Tax Credits, and subordinate gap financing.

Product overview

CORE Community Partners is a non-profit, mission-driven organization offering a unified set of affordable housing and community development financial services rather than a modular software product. Its portfolio centers on three Lending products — Predevelopment Lending, Construction Lending, and Acquisition Lending — which together provide flexible capital across the affordable housing development lifecycle. These are complemented by two advisory offerings, Consulting Services and Technical Services, and are underpinned by an institutional Partnership Services program delivered in affiliation with MHT Housing, Inc. The Lending, Partnership, and Services tracks are presented on the site as interconnected pillars that combine CORE's own capital with technical expertise to support partners throughout Michigan.

Differentiator

Problem solved

Functional benefit

Products and services

• Lending Flexible lending products supporting affordable housing and community development transactions in Michigan, encompassing predevelopment, construction, and acquisition financing for non-profit and for-profit developers.
• Predevelopment Lending Predevelopment loan funding provided to neighborhood-based, non-profit organizations to assist with the preservation of multi-family affordable housing transactions, often paired with technical assistance, construction, and property management support.
• Construction Lending Construction financing for developers rehabilitating or building affordable housing properties, enabling projects such as the Northern Michigan property damaged by fire to return units to the community faster.
• Acquisition Lending Acquisition loans to faith-based and non-profit organizations for vacant properties being repositioned into affordable housing, including a Detroit transaction supporting 60 new senior multi-family affordable housing units.
• Consulting Services Advisory engagements for complex mixed-use, mixed-income redevelopments (such as a 340-unit downtown Detroit project) involving tax-exempt bond financing, LIHTC, Historic Tax Credits, secondary gap financing, local tax incentives, and other sources.
• Technical Services Technical assistance for new construction of mixed-use, mixed-income developments (e.g., the 135-unit Sterling Heights, Michigan project), including support with tax-exempt bond financing, 4% LIHTC, subordinate gap financing, and local sources.

Quantifiable outcome

• MHT Housing has developed over 6,000 affordable housing units since 1990
• +3 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered flagship and minor.

• MHT Housing, Inc.flagshipStrategic or Co-development PartnerMHT Housing, Inc. is a non-profit 501(c)(3) organization that has been involved in the development of over 6,000 affordable housing units since 1990. CORE operates as a non-profit affiliate of MHT Housing, gaining comprehensive understanding of the development process and support across development finance, construction, property management, asset management, and compliance. MHT's executives (T. Van Fox, Andy Martin) also serve as CORE's President and Vice President.
• GJD Consulting LLCminorImplementation/ SI/ Consulting PartnerGregory J. DeMars, Esq., Owner of GJD Consulting LLC, serves on CORE's Board of Directors, providing legal/consulting advisory support.
• Continental ManagementminorOthersT. Van Fox serves as President of Continental Management in addition to his role as CORE's President, indicating an organizational/administrative affiliation.
• MHT ManagementminorOthersT. Van Fox serves as President of MHT Management alongside his role at CORE and MHT Housing, indicating shared leadership and operational affiliation.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Capital Impact Partners: CDFI providing loans, equity, and capacity-building advisory for community development and affordable housing — directly comparable product set and target developer segments.
• Self-Help Ventures Fund: CDFI affiliate of Self-Help Credit Union providing flexible loans for affordable housing and community facilities, often paired with technical assistance — comparable lending-plus-services model.
• Low Income Investment Fund (LIIF): CDFI focused on financing affordable housing, child care, and community facilities for low-income communities; comparable lending-plus-technical-assistance model and federal capital sources.
• National Equity Fund: Syndicator of low-income housing tax credits that partners with mission-driven developers nationwide; comparable LIHTC-centric developer financing model with technical services.
• Enterprise Community Partners: National CDFI deploying loans, tax credit equity, and advisory services for affordable housing developers — closely mirrors CORE's predevelopment/construction/acquisition lending plus consulting stack.
• Reinvestment Fund: CDFI financing affordable housing, education, and healthy food access with strong policy and analytics capability; comparable mission-aligned lending plus technical assistance.
• Local Initiatives Support Corporation (LISC): National CDFI providing flexible loans, equity, and technical assistance for affordable housing and community development — directly comparable mission, funding mix (CDFI Fund, banks), and bundled capital-plus-services offering.

Regional players

• Invest Detroit: Michigan-focused CDFI and community development lender/equity investor in Detroit — directly comparable geography and target developers, with overlapping deal ecosystem.

Broad incumbents

• NeighborWorks America: National network supporting ~250 affordable housing and community development nonprofits with capital and technical assistance; overlaps with CORE's nonprofit-developer focus and CDFI-aligned ecosystem.
• Michigan State Housing Development Authority (MSHDA): State housing finance agency issuing tax-exempt bonds and allocating LIHTC in Michigan — sets pricing, demand, and policy parameters in which CORE operates and is a frequent co-lender.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Core Community Partners