This series, Block by Block, is supported by FHLBank Indianapolis and CEDAM, and follows emerging and diverse developers building affordable housing in Michigan.
Sometimes nonprofits need help to fulfill their mission of helping others within their communities. For Volunteers of America Michigan, when costly necessary roof repairs and upgraded lighting came up, they found a supportive partner in IFF. The community development financial institution that has provided millions of dollars of loans to five of the VOA Michigan thrift stores.
Michigan’s first-ever Statewide Housing Plan was released in June 2022, almost three years ago. A little over the halfway point of the comprehensive five-year plan, stakeholders and collaborative partners look at just how critical regional housing partnerships are in their own communities — moving the needle forward across the entire state.
FHLBank Indianapolis HomeBoost program offered up to $15,000 in down payment and closing and counseling costs assistance in its pilot year. For the program's return, those who qualify can receive up to $25,000.
Quality child care is necessary, but not always available or affordable. The MiLEAP Caring for MI Future: Facilities Improvement Fund has launched a $59 million fund to provide new and expanding home-based and center-based facilities across the state.
Michigan communities are repurposing spaces to bring services, create meeting places, and meet the many needs of neighborhood residents.
As part of the Region I Regional Housing Partnership, the Capital Area Housing Partnership, and the Tri-County Regional Planning Commission are tasked with developing local action plans to address the housing crisis.
Although headquartered in Indiana, the FHLBank of Indianapolis provides access to grant programs and resources for small businesses throughout Michigan. The Elevate Grant aims to generate more economic opportunity for all and helps small businesses like Mushroom House Tours in Charlevoix and The Poke Bowl in Flint to level up.
Michigan has a huge housing shortage. To address this need, many communities are utilizing community land trusts, like ICCF, to ensure affordable homeownership for generations to come.
Corktown Health has evolved and grown from offering end-of-life services during the HIV/AIDS epidemic to providing primary care for the LGBTQ community.
As part of the Make it in Michigan Strategy, the state of Michigan has new finance tools and opportunities to convert vacant land into housing via the Transformational Brownfield Fund and tax increment funding.
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