Community Development Investments

Comerica is committed to building a brighter future for families and communities

As the Leading Bank for Business*, we have a long history of helping our customers achieve their goals. 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.

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 (NMTC)
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.

Our goal is sustainable community growth

Comerica remains committed to affordable housing, stimulating economic development and creating employment opportunities for families and the communities we serve.

Over $1.5 billion invested
Since 1992

$110 million committed annually
To affordable housing and economic development

Community Development Spotlight: Alvarado Park

For over 30 years, Comerica Bank has been committed to enabling affordable housing for our communities.

The Alvarado Park project aims to serve the community by providing affordable housing to at-risk seniors. Read how Comerica is helping to bring together the 90-unit affordable housing development in Santa Clara County.

Learn More

Meet Community Development Investment leadership

Michelle Lemerond
SVP, Group Manager
Community Development Banking

Contact Michelle

Kelly Solaka
VP, Relationship Manager
Community Development Banking

Contact Kelly

Steven Norkus
VP, Asset Manager
Community Development Banking

Contact Steven

*Comerica ranks first nationally among U.S. bank holding companies with greater than $70B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of September 30, 2024. Data provided by S&P Global Market Intelligence.

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

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Community Development Investments

Comerica is committed to building a brighter future for families and communities

Our goal is sustainable community growth

Community Development Spotlight: Alvarado Park

Meet Community Development Investment leadership

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