MMCDC is a non-profit organization that provides capital resources and innovative ideas to assist in successful business and community development throughout Minnesota and the Midwest. We provide financial assistance to:
- Businesses for the creation of jobs. Help Me Grow My Business
- Communities for new development. Help Me Grow My Community
- Individuals for homeownership. Help Me Afford A Home
Our work includes:
Business Lending – We offer lending for new business and business expansions that generally serve to improve the community, such as the creation of new jobs, with loans ranging from $5,000 to $20,000,000.
Community Development and Technical Assistance – We identify community needs and create solutions, including the development of apartment buildings, homes with affordable payments and new subdivisions.
Affordable Housing Initiative – We manage rental properties that accommodate everyone from low-income and handicapped individuals to senior citizens in need of assisted living. We also restore buildings for affordable rental housing.
Home Loan Division – We provide affordable loans for home purchase and home repair by using a combination of low-interest loan products and down payment assistance.