Independent Bank Wins Four Affordable Housing Grants in Michigan
Independent Bank Corporation has secured four Affordable Housing Program grants from the Federal Home Loan Bank of Indianapolis, the most in Michigan for 2025. Collaborating with Cinnaire Solutions, CHN Housing Partners, Woda Cooper Companies, and MHT Housing, they will develop or rehabilitate 205 affordable housing units in Michigan. The grants are part of a $34 million initiative supporting affordable housing across Indiana and Michigan.
Independent Bank Corporation has been awarded four Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of Indianapolis (FHLBI), the most of any institution in Michigan for 2025. These grants are part of a competitive process that saw 43 recipients across Indiana and Michigan, with a total of $34 million awarded to support affordable housing initiatives. Independent Bank is collaborating with Cinnaire Solutions Corporation, CHN Housing Partners, Woda Cooper Companies, Inc., and MHT Housing Inc. to develop or rehabilitate a total of 205 affordable housing units through projects such as 4401 Rosa Parks, Archdale Senior Apartments, Gesu Senior in Detroit, and Shea Ravines I in Wyoming, Michigan. The funding is shared among multiple organizations involved in these projects. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corporation published the original content used to generate this news brief on November 25, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
