Community Development Lending and Investment

Community Development Lending

Let our team of experienced advisors help you navigate the complexities of Low-Income Housing Tax Credits (LIHTCs) and other tax credit-qualified investments with the knowledge and insight you need to make decisions with confidence. From land purchases through construction and development, our construction financing experience helps you optimize every opportunity.

Learn more about custom financing solutions, including the loan options below. Comerica is a proud member of the Federal Home Loan Bank System of Dallas.

Construction loans

Bridge financing

Raise Your Expectations^® of what a bank can be.

Expect more than just accounts and rates. Expect dedicated 1-on-1 service and access to Comerica’s full range of capabilities, including cash and treasury management solutions, foreign exchange services and personal wealth management.

Dedicated to our communities

American Community Developers and Comerica Bank joined forces in 1992 with the goal of offering affordable housing to the families and communities we serve. We’ve both remained committed to this shared vision through the decades of helping our local neighborhoods, and recently completed a project in Detroit, Michigan.

Schedule a consultation now.

Contact Andrew Wong at aawong@comerica.com or 561-961-6688 for more information on
Community Development Lending.

Lean on our history to create a stronger future.

As the Leading Bank for Business*, we have a long history of helping businesses grow. And for the last three decades, our Community Development Investment Group’s commitment to affordable housing has helped communities prosper through our Low-Income Housing Tax Credit-qualified investments.

Comerica remains committed to stimulating economic development and creating employment opportunities in distressed areas through New Market Tax Credit-qualified investments with the goal of enriching and improving lives in the communities we serve.

Over $1.5 billion invested

since 1992

$110 million committed annually

to affordable housing and economic development

Community Development Investments

Comerica Bank's Community Development Investments Group is committed to helping communities prosper by providing necessary equity to support real estate developments that generate tax credits.¹

Low-Income Housing Tax Credit Investments

Made through third-party syndicators, LIHTC investments let investors leverage tax benefits in exchange for creating and/or preserving affordable housing.

Historic Rehabilitation Tax Credit Investments

Made directly with developers, these investment projects benefit low- to moderate-income communities through affordable housing, job creation and/or by providing community services.

New Markets Tax Credit Investments

Primarily made through third-party syndicators, NMTC investments help stimulate business and real estate development in low-income communities in exchange for a federal tax credit.

Small Business Investment Company (SBIC) Investments

Made through investment funds, SBIC investments supply capital to support the growth, expansion and modernization of small businesses and middle-market companies across a diverse range of industries.

Schedule a consultation now.

Contact Michelle Lemerond at mmlemerond@comerica.com or 313-222-3729 for more information on Community Development Investing.

Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal professional regarding your specific situation.

*Comerica ranks first nationally among U.S. financial holding companies with greater than $60 billion in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of December 31, 2023. Data provided by S&P Global Market Intelligence.

¹Projects must be located within Comerica Bank’s primary markets.

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Community Development Lending and Investments