How is the Trust Fund Helping Michigan?

August 17, 2009 by Melodie · Leave a Comment
Filed under: Michigan Development News 


Throughout the Trust Fund’s 24 year history, our loan programs have had the following impact on the communities we serve.

  (accumulative totals as of June 30, 2009)

2,062 housing units assisted

270 loans for affordable housing

$26.5 million loaned for affordable housing

$79.6 million leveraged from other sources for affordable housing

 

337 jobs created through economic development lending

125+ (minimum) childcare slots created by economic development lending

128,235 square feet developed or rehabbed

55 loans for economic development

$2.6 million loaned for economic development

$16.6 million leveraged from other sources for economic development

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    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