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Grand Rapids Business Journal
Courtesy First National Bank of Michigan
First National Bank of Michigan is making a $1 million investment to support affordable housing development in partnership with Cinnaire and the Michigan Bankers Association Service Corporation.
The investments, announced last week, are part of First National Bank of Michigan’s (FNBM) commitment to expanding access to high-quality affordable housing, a key driver of economic mobility and family stability, the bank said.
“FNBM has partnered with Cinnaire over the past 14 years in several of these investments supporting the communities we serve,” said Dan Bitzer, the bank’s CEO.
As the Business Journal reported Dec. 7, Cinnaire and MBASC recently announced the closing of the partnership’s sixth affordable housing investment fund the largest fund in its joint history generating $16 million to support the development and rehabilitation of nine apartment communities across Michigan. These development
First National Bank of Michigan Announces Investment in Fund to Develop Affordable Housing in Michigan Communities
Image provided by: First National Bank/2020
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and last updated 2020-12-17 13:41:53-05
LANSING, Mich. â First National Bank of Michigan (âFNBMâ) has announced a $1,000,000 investment to support affordable housing development in partnership with Cinnaire and the Michigan Bankers Association Service Corporation (MBASC). The investments are part of First National Bank of Michiganâs commitment to expanding access to high-quality affordable housing, a key driver of economic mobility and family stability.
âFNBM has partnered with Cinnaire over the past 14 years in several of these investments sup-porting the communities we serveâ, said Dan Bitzer, FNBM CEO.