From vacant lots to affordable housing: How developers are using predevelopment assistance to revitalize Ypsi and beyond
Predevelopment assistance was a vital tool in creating Ypsilanti's new Dorsey Estates and other similar developments.
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.
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 Nonprofits and neighbors provide insight, pride, propel 49507 community development
IFF, a community development financial institution based in Illinois, has invested and shown a commitment to uplifting communities by providing financial support all over the state, including Grand Rapids neighborhoods. Part of IFF’s investment in Grand Rapids has been focused on the 49507 zip code, centered in a collection of neighborhoods southeast of downtown Grand Rapids. They're working with local nonprofits including Amplify GR and LINC UP and neighborhood residents to help propel development.
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.
Commongrounds uses co-op model to serve missing needs of the community
Traverse City's Commongrounds is a mixed-use building, offering affordable housing, co-working space, a coffee shop, child education center, and performance venue. It's the first real estate cooperative in northern Michigan.
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.
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. City and state government, neighborhood developers including Forsberg Real Estate, and area nonprofits are working together to address homelessness in greater Lansing and to attract residents to Eaton Rapids.
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. Through financial support from IFF, and through partnerships with local organizations including MiGen, the health network continues to provide a life-changing impact on the patients it serves.
