MSUFCU Awards $75,000 Grant to Support Affordable Housing in Grand Traverse County
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) is proud to announce a $75,000 Community Multiplier grant to Habitat for Humanity Grand Traverse Region to tackle the critical shortage of affordable workforce housing in Northern Michigan.
The funding, secured through the Federal Home Loan Bank of Indianapolis’ Community Multiplier-Member Match program, will directly support the Homes at Carriage View Commons development, a 15-home neighborhood planned for Garfield Township in Grand Traverse County.
More than simply providing a temporary place to live, Habitat partners purchase their homes with affordable mortgages that will give families the opportunity to build equity, establish long-term financial stability, and put down roots in a community they are proud to call home.
The county remains one of the fastest-growing regions in Northern Michigan, creating an increasingly competitive and challenging housing market for essential workers and middle-income families.
“Access to safe, affordable homeownership is foundational to the financial well-being of any community,” said MSUFCU President and CEO April Clobes. “As housing costs continue to outpace wages across Michigan, we are proud to partner with Habitat for Humanity Grand Traverse Region and FHLBank Indianapolis to turn the vision for Carriage View Commons into a reality. Investing in workforce housing isn’t simply about building homes — it’s about building long-term security for local families and strengthening the economic fabric of Grand Traverse County.”
The Community Multiplier – Member Match is a grant program available to financial institution members of the FHLBank Indianapolis. The program offers grants up to $60,000 each with a minimum 25% matching commitment from the member financial institution to target affordable housing initiatives.
“We are deeply grateful to the entire team at MSUFCU for their partnership and continued support in championing affordable housing and financial stability,” said Wendy Irvin, President and CEO for Habitat for Humanity Grand Traverse Region. “The FHLBank Indianapolis grant represents a meaningful commitment to Habitat GTR’s Homes at Carriage View Commons. This award truly demonstrates MSUFCU’s leadership in advancing solutions to our regional housing challenges.”
ABOUT MSUFCU
MSU Federal Credit Union (MSUFCU) was founded in 1937 and is headquartered in East Lansing, Michigan. It is the largest university-based credit union in the world. With over $9.3 billion in assets, MSUFCU serves more than 415,000 members with the support of over 1,400 employees. The credit union operates 38 branch locations throughout Michigan and Illinois, while offering a comprehensive suite of services and brands — Oakland University Credit Union, Artichoke Credit Union, AlumniFi, Collegiate, and Pillur — through online and mobile platforms. Recognized as a leader in innovation and as a great place to work, MSUFCU continually seeks new ways to enhance the member experience and strengthen the communities it serves. For additional information, visit msufcu.org.
ABOUT HABITAT FOR HUMANITY GRAND TRAVERSE REGION
Habitat for Humanity Grand Traverse Region is an independent, nonprofit organization; every donation made stays in the community to serve the people of Grand Traverse, Kalkaska, and Leelanau Counties. It is an affiliate of Habitat International and associated with Habitat Michigan. For more information, visit habitatgtr.org.
ABOUT FEDERAL HOME LOAN BANK OF INDIANAPOLIS
FHLBank Indianapolis is a regional bank in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to provide access to low-cost funding for its member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members’ customers. FHLBanks are privately capitalized and funded, and they receive no congressional appropriations. One of 11 independent regional cooperative banks across the United States, FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions, and community development financial institutions. For more information, visit fhlbi.com.
