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MERCANTILE BANK AND FEDERAL HOME LOAN BANK OF INDIANAPOLIS AWARD $2.2 MILLION IN AFFORDABLE HOUSING GRANTS TO WEST MICHIGAN NONPROFITS
Mercantile Bank ("Mercantile") in partnership with the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), is proud to announce the allocation of $2.2 million in Affordable Housing Program (AHP) grants to three nonprofit organizations in West Michigan. These grants will support projects that collectively add over 10,000 square feet of housing and create 28 new affordable units, addressing a critical shortage of housing options for individuals and families.
About this update from Mercantile Bank Corporation
[{"type":"text","content":"This collaboration will expand affordable housing options and drive investment in neighborhoods and the local economy","length":117,"tagName":"p","attribs":{}},{"type":"text","content":"GRAND RAPIDS, Mich., Jan. 13, 2026 /PRNewswire/ -- Mercantile Bank ("Mercantile") in partnership with the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), is proud to announce the allocation of $2.2 million in Affordable Housing Program (AHP) grants to three nonprofit organizations in West Michigan. These grants will support projects that collectively add over 10,000 square feet of housing and create 28 new affordable units, addressing a critical shortage of housing options for individuals and families.","length":532,"tagName":"p"},{"type":"image","alt":"Mercantile Bank (PRNewsfoto/Mercantile Bank)","displaySize":"","headline":null,"caption":"Mercantile Bank (PRNewsfoto/Mercantile Bank)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":52,"url":"https://media.zenfs.com/en/prnewswire.com/178a5b93c38496c406844ec403c07b99"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EQCOeAhaamEo7Ad8hGglJA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTkyO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/178a5b93c38496c406844ec403c07b99","width":400,"height":52}},"href":"https://mma.prnewswire.com/media/2677970/MB_Horizontal_Gold_Black_Logo_MBWM.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Affordable housing doesn't just change individual lives, it strengthens communities. When people have a stable home, it creates ripple effects. Children thrive in school, health outcomes improve, and neighborhoods become more resilient," said Sonali Allen, SVP, Community Development Officer at Mercantile Bank. "These grants represent an investment in the long-term well-being of West Michigan, and we're proud to work alongside FHLBank Indianapolis and our nonprofit partners to make that vision a reality."","length":538,"tagName":"p"},{"type":"text","content":"Along with FHLBank Indianapolis awarded grants, Mercantile Bank contributed funds toward each of these initiatives, reinforcing its commitment to community development and housing stability across Michigan. The projects funded through this collaboration include:","length":267,"tagName":"p"},{"type":"list","ite...