How CDFIs help Flint businesses find the capital and connections to grow
The Flint & Genesee Economic Alliance works with community lenders and other partners to help local businesses overcome financing and space challenges.
Block by Block
This series, Block by Block, is supported by FHLBank Indianapolis and CEDAM, and follows emerging and diverse developers building affordable housing in Michigan.
Volunteers of America Michigan’s mission made possible by social enterprise thrift stores; support from IFF
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.
Regional Housing Partnerships do the critical work locally to move needle on Statewide Housing Plan
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.
Partner Partner Content FHLBank Indianapolis first-time home ownership program making Michiganders’ dreams a reality
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.
MiLEAP fund provides essential equipment, upgrades for child care facilities
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.
Repurposing community assets strengthens communities in Pontiac and Detroit
Michigan communities are repurposing spaces to bring services, create meeting places, and meet the many needs of neighborhood residents.
Regional Housing Partnerships addressing need for affordable housing
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.
Partner Partner Content Elevate grants help small Michigan businesses level up
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.
Community land trusts make home ownership possible for more Michiganders
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.
CDFI funding helps Corktown Health expand services for Detroit area’s LGBTQ residents
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.
