Congratulations HomeStretch Nonprofit Housing Corporation

The Michigan Interfaith Trust Fund wants to congratulate HomeStretch Nonprofit Housing Corporation in Traverse City for successfully repaying two loans to the Trust Fund on Monday, June 29^th.  These were the twelfth and thirteen loans that the Trust Fund has made to HomeStretch.  Both loans were used to build four three-bedroom condominium townhouses in Traverse City.  Originally HomeStretch had planned to sell the homes to low income families but now plans to rent them to recently homeless families.  A local social service agency will provide these families with supportive services to ensure their success.  HomeStretch was able to repay the Trust Fund loan with a generous grant from the Michigan State Housing Development Authority. 

• 

• Mission Statement

  The Michigan Interfaith Trust Fund fosters economic and social justice by providing loans and technical assistance for affordable housing and economic development throughout Michigan.

• Sign up for our Email
• 

• Recent Posts

  • 2010 Annual Luncheon
  • MSHDA low-interest loans for home improvements!

• Good Search

  
  GoodSearch keywords to search for

• Our Work

  Throughout the Trust Fund’s 25 year history, our loan programs have had the following impact on the communities we serve.

  (as of March 31, 2010)

  • 2,123 housing units assisted
  • 273 loans for affordable housing
  • $27.3 million loaned for affordable housing
  • $80.2 million leveraged from other sources for affordable housing
  • 412 jobs created through economic development lending
  • 125+ (minimum) childcare slots created by economic development lending
  • 134,735 square feet developed or rehabbed
  • 60 loans for economic development
  • $3 million loaned for economic development
  • $17.4 million leveraged from other sources for economic development