Grant awarded to Southwest Housing Solutions…

“One of the Michigan Interfaith Trust Fund’s borrowers was recently awarded a grant from the U.S. Department of Labor.  The Trust Fund has made three loans to Southwest Housing Solutions.  Most recently we closed on a $550,000 loan in December to refinance the Springwells Partners project which consisted of 54 affordable apartments and 6,500 square feet to commercial space. 

Congratulations Southwest Solutions and keep up the good work.  Click here for the full story.”

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• 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.

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• 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