The plan was developed jointly with the Detroit Alliance forFair Banking. Under the plan, the company will commit to $105million in home mortgage loans, $60 million in consumer loans, $35million in commercial real estate lending and $12 million in smallbusiness lending.Through emphasis on commercial lending andinvestment, the company intends to finance the development,purchase, rehabilitation or construction of multifamily structuresor commercial complexes in low-to-moderate income areas of thecity.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.