Ready to scale your innovative housing solution? We can help.
It’s time to bring the most promising housing and health programs to create lasting benefits for even more communities in Detroit. As a human and social service provider working in Detroit, you know firsthand how hard it can be to find the resources to implement and scale solutions that advance your community mission. Building a budget through donor fundraising and chasing grants is resource- and time-intensive, often comes with strings attached, and can fall short of what you really need to make your program work.
A new partnership between the Quicken Loans Community Fund, the City of Detroit Department of Housing and Revitalization, and the outcomes-based capital firm Quantified Ventures is addressing this challenge. Through this new financing approach that connects outcomes with payments, we are helping Detroit service organizations tap into alternative funding streams—with more flexibility and the resources needed to scale.
To help secure this capital, we are providing free transaction consulting services to at least one local organization, enabling them to finance growth based on anticipated success.
We are currently soliciting proposals for holistic and innovative housing programs that, absent capital, do not have a viable path to full implementation and scale. Through this initiative, we will provide free transaction structuring services to develop investor-ready deals, and bring all parties to the table.
Opportunity At A Glance
At least one award to a single Service Provider organization (or team of Service Provider organizations)
Awarded team(s) will put forward high-impact initiatives that are tackling holistic housing issues in Detroit
Awarded team(s) will have an opportunity to work with Quantified Ventures, an outcomes-based capital firm, and to engage one or more Payors (e.g., health systems)
Anticipated term of engagement is 12 months
September 24, 2019 | RFP Release
October 16, 2019, 10:30am Central Times | Informational Webinar (optional)
October 30, 2019 from 9am-11am ET | In-person workshop in Detroit, MI. Please email DetroitRFP@QuantifiedVentures.com for more information, and to RSVP.
December 16, 2019 | Submissions due
March 2020 | Awardee(s) notified
This opportunity is now live! All Detroit human and social service providers with innovative programs at the intersection of housing and health are encouraged to apply.