Launched in 2023, the Michigan Affordable Housing Loan Program (MAHLP) is a visionary initiative managed and administered by IFF, in collaboration with Kent and Ottawa counties, that offers developers flexible financing for high-quality affordable housing in West Michigan. MAHLP is committed to investing in workforce and affordable housing for individuals who live, work, or have job offers in eligible West Michigan counties.
Uniting private and public resources, MAHLP initially leveraged $64.2 million in private capital, along with $17.5 million from Kent County and $10 million from Ottawa County, to create a revolving fund of $91.7 million. Funds from Kent County and Ottawa County are used exclusively for developers located in their respective county.
To date, MAHLP has provided $63.5 million to 15 borrowers to create 1,000 housing units, including Larlen Communications, which developed Southtown Lofts in Grand Rapids.
Read more about the impact of the MAHLP
