Michigan Community Capital Secures Funding for Statewide Low-Income Housing and Brownfield Redevelopment Projects

Michigan Community Capital (MCC) proudly announces the successful completion of its latest funding round, raising a significant investment aimed at bolstering its ongoing mission to support low-income and attainable housing throughout the state. As a leading non-profit diversified public-private partnership, MCC has dedicated the last 16 years to bridging the capital gap in Michigan’s underserved communities. This latest round of funding, amounting to $50 million, will be pivotal in furthering MCC’s efforts to facilitate the financing and development of affordable housing and the redevelopment of challenging brownfield sites. With a renowned track record of raising over $380 million in federal New Markets Tax Credits, MCC has played a central role in creating and rehabilitating more than 1,400 housing units and 3 million square feet of commercial, retail, and industrial space. The impactful services offered by MCC—including housing equity initiatives, bridge and gap lending, and property insurance for Low-Income Housing Tax Credit projects—underscore its commitment to fostering economic development and job creation across Michigan. This infusion of capital will not only enhance MCC's capacity to support community resilience but will also provide critical resources to local developers and municipalities seeking efficient pathways to sustainable growth. For more information about Michigan Community Capital and its transformative work, visit michigancommunitycapital.org. Through this funding, MCC remains steadfast in its mission to empower Michigan’s communities and improve the quality of life for its residents.