FARMINGTON HILLS, Mich. - Michigan National Bank and the Detroit Alliance for Fair Banking said they had made final a new $785 million three-year community development action plan.

The plan details specific lending goals for small business, residential mortgage, and consumer and commercial real estate in Detroit. It also includes programs to identify and solicit local minority-owned businesses and use nontraditional credit sources for applicants with no credit history to provide home improvement loans.

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