News & Media
MCC Awarded $65 Million in New Markets Tax Credit Allocation
September 25, 2023 | New Markets Tax CreditsPress Release
Michigan Community Capital (MCC) is pleased to announce their award of $65 million in New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) on Friday, September 22, 2023. For the third annual funding round in a row, MCC has been awarded the highest allocation amount available which is reflective of MCC’s track record for deploying New Markets Tax Credits into impactful and transformative projects in rural and urban communities throughout Michigan.Read More...
Welcome New Board Members
July 14, 2023 | Press Release
Michigan Community Capital recently welcomed two new board members to its Board of Directors. View the entire MCC Board of Directors here. Stephanie Osterland Chief Executive OfficerHABITAT FOR HUMANITY DETROIT Joined Michigan Community Capital Board of Directors in September 2023 After serving as Program Director at a neighboring Habitat affiliate for 8 years, Stephanie joined […]Read More...
Broadway Lofts Named a Finalist for Jack Kemp Excellence in Affordable and Workforce Housing Award
July 10, 2023 | Press ReleaseSpecial Announcement
Broadway Lofts, a development led by Michigan Community Capital, has been named a finalist for the national Jack Kemp Excellence in Affordable and Workforce Housing award from the Urban Land Institute (ULI).Read More...
Award winning month for Michigan Community Capital
June 1, 2023 | Property Updates
“We are honored to be recognized by our partners and friends at MHPN, and proud to be recognized nationally by Novogradac Journal of Tax Credits,” said Eric Hanna, president and CEO of Michigan Community Capital. “The MCC team works very hard to deliver projects that communities need, whether as a lender, developer, investor, or insurer. We are grateful to both organizations for recognizing our work and the impact it has on the communities we serve.”Read More...
ALDI Coming to Two Rural Michigan Communities
April 28, 2023 | New Markets Tax CreditsPress Release
FOR IMMEDIATE RELEASEApril 28, 2023 Iron Mountain and Sturgis soon to welcome ALDI Grocery LANSING, Mich. – ALDI Inc. is investing approximately $9.5 million to bring two new locations to rural communities in Michigan. A former Kroger location will be renovated at 811 S Centerville Road in Sturgis, and a new facility will be constructed […]Read More...