First National Bank of Michigan (FNBM) has announced a $1,000,000 investment to support affordable housing development in partnership with Cinnaire and the MBA Service Corporation (MBASC) 2025 Michigan Community Fund. These investments will support projects in Holland, Lansing, Grand Rapids, and are part of FNBM commitment to expanding access to high-quality affordable housing In the communities it serves.

Cinnaire and MBASC recently announced the closing of the partnership’s eleventh affordable housing investment fund, generating $67 million to support the development and rehabilitation of multiple apartment communities across Michigan. These developments will provide more than 495 units of affordable housing to local communities. FNBM has invested in equity funds sponsored by Cinnaire and MBASC as part of the company’s overall commitment to investing in the people and the communities they serve.

“The MBASC is proud that Michigan Bankers Association member First National Bank of Michigan has invested $1 million in the 2025 Midwest Community Fund,” stated Jill Verscheure, Senior Vice President, of MBA Service Corporation. “Banks are an integral part of the communities that they are in by creating long-term positive changes for individuals and businesses. We are grateful for FNBM’s passion for creating and improving affordable housing for people in their communities.”

“Our synergistic partnership with the MBASC has supported thousands of affordable homes across Michigan, creating positive impact for hundreds of families, seniors and people with special needs said Pam Hetz, Cinnaire Senior Vice President, Cinnaire Equity Partners. “At a time when one in four households struggle to pay rent, preserving and developing affordable housing is more important than ever. We look forward to working with FNBM to ensure Michigan residents have access to safe, affordable housing.”

About Cinnaire

Cinnaire is a nonprofit financial partner that supports community and economic revitalization initiatives through creative investments, loans and development services. Since 1993, Cinnaire has invested $6.3 billion to develop 1107 housing communities in 10 states, providing 69,279 affordable apartment homes for more than 149,000 individuals and families and has provided community development loans to support the creation/retention of commercial, mixed-use, and community space. In its mission to change lives and transform neighborhoods into thriving communities, Cinnaire has helped to create or retain over 98,000 jobs and leverage $11.7 billion in economic impact. www.cinnaire.com

About the Michigan Bankers Association Service Corporation

The MBA Service Corporation (MBASC) is a wholly owned subsidiary of MBA. The mission of MBASC is to develop, maintain, and provide access to quality products and services that will benefit MBA member banks and improve their competitive position and increase their profitability. https://www.michigan.bank

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