ELGA Credit Union Awards $75,000 to Support Affordable Housing and Community Development
ELGA Credit Union has awarded $75,000 in grant funding to four nonprofit organizations supporting affordable housing, home preservation and workforce development initiatives in Michigan communities.
Through the Federal Home Loan Bank of Indianapolis (FHLBI) Community Multiplier – Member Match program, ELGA Credit Union is awarding $18,750 each to Communities First, Inc., Active Boys in Christ, Renewal Under Growth, Inc. and Saginaw-Shiawassee Habitat for Humanity.
The Community Multiplier – Member Match program provides grants to FHLBI member financial institutions to support targeted affordable housing initiatives, with participating institutions providing a 25% matching commitment.
"Strong communities start with opportunities for people to build stable, secure futures," said Terry Katzur, President and CEO of ELGA Credit Union. "We're proud to be partnering with these organizations as they work to address housing needs, strengthen the communities and create pathways for individuals and families to thrive."
Each organization will use the funding to support local housing and community development efforts:
- Communities First, Inc. will provide Housing Supportive Services to help families access resources, build financial stability and work toward long-term housing security.
- Active Boys in Christ will support its Housing Stability & Workforce Pathways Initiative, providing skilled trades training and paid work-based learning opportunities to young people in the Flint area through residential rehabilitation projects.
- Renewal Under Growth, Inc. will advance its Handyman Workforce & Affordable Housing Preservation Initiative, training up-and-coming handymen and helping them launch businesses that provide home maintenance services to low-income homeowners in Genesee County and surrounding communities.
- Saginaw-Shiawassee Habitat for Humanity will continue supporting its Homeownership, Critical Home Repair and Home Preservation programs, helping community members access safe, affordable housing and remain in their homes.
Together, the initiatives address housing needs through home preservation, housing stability, workforce development and opportunities for affordable homeownership.
Through partnerships like these, ELGA Credit Union continues to invest in programs designed to strengthen communities and help individuals and families build more secure financial futures.
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