Michigan Capital Fund For Housing Hands Out Awards

June 19, 2002
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LANSING — The Michigan Capital Fund for Housing last week marked its third annual Partners Luncheon and Awards program by bestowing statewide honors on the Grand Rapids-based Inner City Christian Federation (ICCF) and the chairman of the Allegan County Consortium.

ICCF is a not-for-profit housing development and housing support service corporation, which has built or reconstructed more than 387 units of affordable housing in the last 27 years. Today, ICCF builds 16 to 18 houses per year for home ownership, and serves more than 750 families per year through its Family Haven emergency shelter, affordable rental program, and homeownership education and services.

A $10,000 check was presented to ICCF at the awards celebration in East Lansing.

“We are extremely proud to recognize such an outstanding organization as ICCF and applaud its effort to continue providing affordable housing to low-income area residents,” said MCFH President Mark McDaniel.

John Peterson was recognized individually for several efforts. A former employee of Allegan County Community Health, Peterson is now chairman of the Allegan County Consortium, a supportive housing project that targets people with mental, physical and developmental disabilities, as well as those suffering from substance abuse or who are homeless.

To date, the organization has developed six sites of supportive housing in Allegan County, one of which is Mystic View Apartments, a 40-unit development available to family households earning at or below 60 percent of the area’s median income. Peterson also was instrumental in furthering a partnership with the Allegan County Housing Authority to rehabilitate the units.

Peterson received a $2,500 check at last Wednesday’s luncheon celebration.

The Michigan Capital Fund for Housing is a nonprofit housing corporation with offices in Lansing and Detroit that has raised more than $200 million of investment equity, permanent debt financing and predevelopment funds throughout Michigan since 1993 in an effort to create quality, affordable housing for the economically disadvantaged.

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