GRAND RAPIDS, MI – Horizon Bank announces donation to Inner City Christian Federation (ICCF). The donation, in the amount of $10,000, will be used to support the Community Homes Initiative Program that focuses on renewing and restoring homes to families – preserving these properties for affordable housing.
The Community Homes Initiative started back in 2017 when ICCF purchased a portfolio of 177 properties from an out-of-state investor. ICCF is currently in the third year of a five year $4,355,050 renovation period designed to create and preserve housing in West Michigan. The investor was an absentee landlord which meant many of the properties in the portfolio were neglected and not in good condition. With home prices rising much faster than wages the need for affordable housing is paramount for many marginalized families in the community.
While over 160 of the properties acquired by ICCF have been renovated, there are still 14 properties that need work in order to be safe affordable homes for neighbors in need. Horizon’s grant funds will help ICCF finish renovating one more house, for one more family in need of a place to call home.
“The affordable houses crisis did not stop during the pandemic it only intensified,” said Michelle Covington, Vice President of Advancement at the Inner City Christian Federation. The support we have received from Horizon Bank allows ICCF to provide a safe affordable home to one more family need. We cannot do this critical work alone and we are so grateful for this partnership”, continued Covington.
About Inner City Christian Federation
ICCF is the oldest non-profit affordable housing provider in the state of Michigan. Active in the Grand Rapids area since 1974, ICCF serves more than 2,200 households a year through its programs and services. Program offerings include Family Haven emergency shelter, over 600 units of affordable rental housing, newly constructed homes for purchase, homeownership education and financial counseling. Visit www.iccf.org for more information.
About Horizon Bancorp, Inc.
Horizon Bancorp, Inc. is an independent, commercial bank holding company serving Indiana, and Michigan through its commercial banking subsidiary, Horizon Bank. Horizon Bancorp, Inc. may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.
Contact: Amy Phares
Public Relations Manager
Phone: (219) 874-9208
Fax: (219) 873-2628