Member Connection

Genisys Secures $1.5 Million to Support Affordable Housing Development

Genisys Credit Union has secured $1.5 million in grant funding from the Federal Home Loan Bank of Indianapolis to support the development of 138 affordable housing units in partnership with Lighthouse MI and Community Housing Network.

The funding will support two separate projects aimed at expanding access to stable, affordable housing for Michigan residents facing rising housing costs and economic pressures.

“Whether people are renting or buying, Michigan residents are struggling to afford their homes. The rising cost of housing, coupled with increased prices on groceries, utilities, healthcare, and childcare, many people are being pushed to the brink of their budgets,” said Jackie Buchanan, President and CEO of Genisys Credit Union. “When you have a place to call home, it gives you a stable foundation for a future. Genisys is dedicated to ensuring that opportunity remains within reach for all of our neighbors. By securing these grants, we support community partners who are driving forward affordable housing efforts amid this growing crisis.”

Since 2025, Genisys has secured $3.2 million in funding through the Federal Home Loan Bank of Indianapolis Affordable Housing Program, sponsoring the development of 229 affordable housing units across Michigan. These projects are made possible through partnerships with Lighthouse MI and Community Housing Network, nonprofit organizations focused on housing assistance, hunger solutions and support services.

According to the National Association of Realtors, housing costs have risen an average of 56% since 2020, placing homeownership out of reach for many working families and individuals. The newly awarded grants will support the following developments:

Lighthouse MI – Lighting the Way Campaign ($1 million)

Lighthouse MI will construct a 98?unit homeless shelter as part of its campus redevelopment project at its Pontiac headquarters. This marks the third grant Genisys has secured for Lighthouse MI, bringing the total to $2.7 million and supporting the development of 192 affordable housing units across three Pontiac developments.

"Genisys Credit Union has been an incredible partner in Lighthouse's mission to bring stable, affordable housing and emergency shelter to our community," said Ryan Hertz, CEO of Lighthouse. "Through their help securing previous Federal Home Loan Bank of Indianapolis (FHLBI) grants, we've been able to develop 94 units of affordable housing in Pontiac. The current grant will support our shelter expansion project, helping families emerging from crisis situations. We are grateful to Genisys for their continued dedication to ensuring every person in our community has a safe place to call home."

Community Housing Network – Lincoln Avenue Lofts ($500,000)

Community Housing Network will develop a 40?unit affordable housing project in Port Huron known as Lincoln Avenue Lofts. Twenty of the units will be reserved as permanent housing for residents transitioning out of homelessness. While Community Housing Network primarily serves Southeast Michigan, including Oakland and Macomb counties, the organization has expanded statewide in response to rising housing costs in rural communities. This will be its first housing development in Port Huron.

“As our first housing development in Port Huron, Lincoln Avenue Lofts shows what’s possible when community partners come together. We are grateful to Genisys Credit Union for helping bring affordable, stable housing to this community and for their commitment to a stronger, more inclusive future for all,” said Kirsten Elliott, President & CEO of Community Housing Network.

Through these investments, Genisys Credit Union continues to support long?term housing stability across Michigan. The 138 new affordable housing units reflect the impact of community partnerships working to ensure more residents have access to safe and stable housing.