Magnet Lending Corporation
Non-profit diversified public-private partnership that supports the missions of the MEDC and MSHDA by aggregating capital and facilitating the financing & development of low income/ attainable housing. MAGNET LENDING CORPORATION IS A MICHIGAN NONPROFIT FORMED TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT, THE CREATION OF WEALTH AND JOB OPPORTUNITIES, AND TO FACILITATE INVESTMENT OF PRIVATE AND PUBLIC CAPITAL IN THE FORM OF LOW-COST, FLEXIBLE FINANCIAL PRODUCTS, COUPLED WITH DEVELOPMENT SERVICES. MLC'S FINANCIAL PRODUCTS AND DEVELOPMENT SERVICES ARE DESIGNED TO CREATE AND PRESERVE AFFORDABLE AND ATTAINABLE HOUSING, INVEST IN JOB-CREATING COMMUNITY-DRIVEN ECONOMIC DEVELOPMENT PROJECTS, AND PROMOTE THE ECONOMIC MOBILITY OF LOW- AND MODERATE INCOME RESIDENTS AND COMMUNITIES IN THE STATE OF MICHIGAN.
Founded
2020
442
Web
michigancommunitycapital.org
Address
Lansing
Home - Michigan Community Capital Investing in Places Where People Come First Michigan Community Capital acts as a partner andfacilitator in transformational projects across the state of Michigan 1. 6 BILLION Community Impact 402 MILLION New Markets Tax Credits Deployed 5. 7 MILLION SQFT Built or Rehabbed 1618 Residential Units Financed 6863 Permanent Jobs CreatedRetained 23 MILLION Loan Volume WHO WE ARE Michigan Community Capital is a 501c3 nonprofit that exists to promote community and economic development the creation of wealth and job opportunities and to facilitate investment of private and public capital in Michigan. At our core we are focused on driving economic mobility of low and moderateincome Michigan residents and communities.
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Discussions
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1. What innovative strategies can Michigan Community Capital implement to enhance the efficiency and effectiveness of financing low-income housing projects in Michigan?
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Brooklyn Simmons
2 days ago
Odpovědí v diskuzi
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2. How can community engagement be integrated into the planning and development of projects to ensure they meet the needs of low and moderate-income residents?
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Brooklyn Simmons
2 days ago
Latest reviews
Together, we can make a real impact in communities around the world. Help us bring hope and support.
Love what Michigan Community Capital is doing to create attainable housing and promote economic mobility! Together, we can build stronger communities! 💪🏽🏡
Brooklyn Simmons
Product Manager
Incredible impact! Over 6 billion in community investment shows that when we come together, we can make real change happen for low and moderate-income residents in Michigan. Let's keep pushing for progress! 🌟✨
Brooklyn Simmons
Product Manager
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