2009 – 2010 Board of Trustees

Gregg Christenson, Chair ~ Flagstar Bank

Cedric Flounory, Vice Chair/Secretary ~ Internal Revenue Service

Harriet B. Saperstein, Treasurer~ Urban Consultant

Ruben Acosta ~ Williams Acosta PLLC

Sr. Margaret Alandt, IHM

Gehad Alawan ~ Islamic Center of America

Joseph Bassett ~ Retired Accountant

The Rev. Elizabeth Morris Downie

J. David Ivers ~ Metropolitan Detroit AFL-CIO

Thomas H. Seabron ~ MorganStanley Smith Barney

Tony Spokojny ~ Attorney at Law

Rachel White ~ Comerica Bank

Timothy D. Wittlinger ~ Clark Hill PLC

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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