Michelle Lemerond

COMERICA BANK

Michelle M. Lemerond is senior vice president of Comerica Bank’s Community Development Investments Group (“CDI”), which was created in 1992 to acquire equity interests in partnerships or limited liability companies that would generate tax credits (Federal LIHTCs, HTCs, New Market Tax Credits, and/or State Tax Credits) for Comerica Bank and/or its affiliates. In addition, the group provides capital for SBIC investments and renewable energy technologies. Comerica’s CDI group currently manages equity interests in approximately 240 partnerships or limited liability companies, with a book value of approximately $520 million. Total commitments as of June 30,2024 were approximately $1.5 billion. All 240 partnerships or limited liability companies generate tax credits for Comerica Bank and/or its affiliates as well as credit under the Community Reinvestment Act (“CRA”). The CDI group originates $110 million annually in tax credit investments that develop or revitalize affordable housing properties and/or promote economic development throughout Comerica Bank’s retail footprint. The group also identifies lending opportunities that support the acquisition and construction of affordable housing as well as economic development. Lemerond earned a master’s degree in Business Administration from Wayne State University and received a bachelor’s degree in Accounting from Michigan State University.