MERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVES
Mercantile Bank (MBWM) has partnered with the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) through their Community Multiplier program, facilitating over $200,000 in grant funding to six nonprofit organizations across Michigan. The initiative focuses on affordable housing projects, with Mercantile Bank providing a 10% matching funds commitment.
The selected nonprofits include ICCF Community Homes, Safe Haven Ministries, Kalamazoo Neighborhood Housing Services, Capital Area Housing Partnership, Community Housing Network, and Northwest Michigan Action Agency. These organizations will receive grants ranging from $25,000 to $125,000 to support various housing initiatives, including homebuyer education, supportive services, and transitional and permanent housing solutions.
Mercantile Bank (MBWM) ha collaborato con la Federal Home Loan Bank di Indianapolis (FHLBank Indianapolis) attraverso il loro programma Community Multiplier, facilitando oltre 200.000$ in finanziamenti a fondo perduto per sei organizzazioni no-profit nel Michigan. L'iniziativa si concentra su progetti di edilizia abitativa accessibile, con Mercantile Bank che offre un impegno di fondi di controparte del 10%.
Le organizzazioni no-profit selezionate includono ICCF Community Homes, Safe Haven Ministries, Kalamazoo Neighborhood Housing Services, Capital Area Housing Partnership, Community Housing Network e Northwest Michigan Action Agency. Questi enti riceveranno sovvenzioni che vanno da 25.000$ a 125.000$ per sostenere diverse iniziative abitative, tra cui l'educazione per gli acquirenti di case, servizi di supporto e soluzioni abitative transitorie e permanenti.
Mercantile Bank (MBWM) se ha asociado con el Federal Home Loan Bank de Indianápolis (FHLBank Indianapolis) a través de su programa Community Multiplier, facilitando más de $200,000 en fondos de subvención para seis organizaciones sin fines de lucro en Michigan. La iniciativa se centra en proyectos de vivienda asequible, con Mercantile Bank comprometiéndose a aportar un 10% de fondos de contrapartida.
Las organizaciones sin fines de lucro seleccionadas incluyen ICCF Community Homes, Safe Haven Ministries, Kalamazoo Neighborhood Housing Services, Capital Area Housing Partnership, Community Housing Network y Northwest Michigan Action Agency. Estas organizaciones recibirán subvenciones que van desde $25,000 hasta $125,000 para apoyar diversas iniciativas de vivienda, incluyendo educación para compradores de vivienda, servicios de apoyo y soluciones de vivienda transitoria y permanente.
Mercantile Bank (MBWM)는 Community Multiplier 프로그램을 통해 인디애나폴리스 연방주택대출은행(FHLBank Indianapolis)과 협력하여 미시간의 여섯 비영리 단체에 20만 달러 이상의 보조금 자금을 지원했습니다. 이 이니셔티브는 저렴한 주택 프로젝트에 중점을 두며, Mercantile Bank는 10% 매칭 펀드 약속을 제공합니다.
선정된 비영리 단체는 ICCF Community Homes, Safe Haven Ministries, Kalamazoo Neighborhood Housing Services, Capital Area Housing Partnership, Community Housing Network, Northwest Michigan Action Agency입니다. 이 단체들은 주택 구매자 교육, 지원 서비스, 임시 및 영구 주택 솔루션을 포함한 다양한 주택 사업을 지원하기 위해 25,000달러에서 125,000달러 사이의 보조금을 받게 됩니다.
Mercantile Bank (MBWM) s'est associée à la Federal Home Loan Bank d'Indianapolis (FHLBank Indianapolis) dans le cadre de leur programme Community Multiplier, facilitant plus de 200 000 $ de subventions pour six organisations à but non lucratif du Michigan. Cette initiative se concentre sur des projets de logements abordables, Mercantile Bank s'engageant à fournir un financement complémentaire à hauteur de 10%.
Les organisations sélectionnées sont ICCF Community Homes, Safe Haven Ministries, Kalamazoo Neighborhood Housing Services, Capital Area Housing Partnership, Community Housing Network et Northwest Michigan Action Agency. Ces organismes recevront des subventions allant de 25 000 $ à 125 000 $ pour soutenir diverses initiatives de logement, notamment l'éducation des acheteurs, les services de soutien ainsi que des solutions de logement transitoire et permanent.
Mercantile Bank (MBWM) hat im Rahmen ihres Community Multiplier-Programms eine Partnerschaft mit der Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) geschlossen und so über 200.000 US-Dollar an Zuschüssen für sechs gemeinnützige Organisationen in Michigan bereitgestellt. Die Initiative konzentriert sich auf Projekte für bezahlbaren Wohnraum, wobei Mercantile Bank eine 10%ige Eigenmittelzusage gibt.
Zu den ausgewählten gemeinnützigen Organisationen gehören ICCF Community Homes, Safe Haven Ministries, Kalamazoo Neighborhood Housing Services, Capital Area Housing Partnership, Community Housing Network und Northwest Michigan Action Agency. Diese Organisationen erhalten Zuschüsse zwischen 25.000 und 125.000 US-Dollar, um verschiedene Wohnungsbauinitiativen zu unterstützen, darunter Käuferbildung, Unterstützungsdienste sowie Übergangs- und Dauerwohnlösungen.
- Partnership with FHLBank Indianapolis provides over $200,000 in grant funding for affordable housing initiatives
- Strategic expansion across five regions in Michigan through six nonprofit partnerships
- Diverse range of housing support services including education and transitional housing
- 10% matching funds commitment demonstrates direct financial investment in community development
- None.
Over
This partnership reflects the Bank's deep and ongoing commitment to the communities it serves. By working hand-in-hand with nonprofits and FHLBank Indianapolis, Mercantile Bank is helping expand access to affordable housing for individuals and families throughout
The grants will support various initiatives, from homebuyer education and supportive services to transitional and permanent housing, tailored to meet the diverse needs of communities across five regions. Nonprofit partners include:
- ICCF Community Homes -
Grand Rapids - Safe Haven Ministries -
Grand Rapids Kalamazoo Neighborhood Housing Services-Kalamazoo - Capital Area Housing Partnership -
Lansing - Community Housing Network –
Troy /Macomb - Northwest Michigan Action Agency –
Cadillac /Traverse City /Petoskey
Each nonprofit partner was selected for its dedication to expanding housing access and improving quality of life in its area.
"Our work with these nonprofits goes beyond funding," said Sonali Allen, SVP, Community Development Officer at Mercantile Bank. "We're building partnerships with these nonprofits that include financial education and support services to help individuals and families not only find housing but enhance the tools they need to maintain long-term stability and independence."
The Community Multiplier program enables member banks to amplify the reach of their community investments, leveraging the power of collaboration to maximize local impact. With a
As a community bank, Mercantile Bank remains committed to delivering solutions that support housing equity, financial empowerment, and stronger communities across the state.
About Mercantile Bank
Mercantile Bank is a wholly owned subsidiary of Mercantile Bank Corporation. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest
Federal Home Loan Bank of
FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members' customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its
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SOURCE Mercantile Bank
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