Opportunity Resource Fund’s 2012 Annual Luncheon was a success! The Luncheon was held June 13, 2012 at the University Club of MSU in East Lansing. Not only was the food delicious but it was an opportunity to honor the organizations and individuals who have paid off loans or borrowed from the Fund in 2011. It is a privilege to be able to provide resources to make a difference in our communities and to be a catalyst for change. Thank you to everyone that was in attendance.
Mortgage Burners: These organizations repaid loans in 2011.
Liberty Hill Housing Corporation: Loan was used to purchase four vacant lots to develop housing for disabled.
Lighthouse Communities, Inc: Loan was used to rehab a single family home.
Ruth Ellis Center, Inc: Loan was used to renovate a duplex to provide housing and a safe place for homeless gay, lesbian, bisexual, transgender and questioning (GLBTQ) young people in SE Michigan.
Saginaw Habitat for Humanity: Loan was used to pay off a lien on the headquarters and the location of the Habitat Restore Facility.
Springhill Housing Corporation: Loan was used for new construction of a 2-unit, affordable, condominium located in Shelby Township that accommodates disabled persons with incomes at 60% of Area Median Income.
Mortgage Borrowers: These organizations received new loans in 2011.
8900 Gratiot, LLC: Loan for new mixed use construction that will include 11 rental units for low income (60% or lower of median income) located on the northeast side of Detroit.
Citadel CDC/Guy Construction, LLC: Loan to rehab five low income single family homes in the Brightmoor neighborhood in the City of Detroit.
Harvest Now Ministries International: Loan to rehab three low income single family homes in the City of Detroit.
Lafayette Place Lofts, LLC: Predevelopment funding for rehabilitation of a downtown vacant building in the City of Pontiac for mixed use to include 54 housing rental units, 27 one bedroom and 27 two bedroom apartments for low to moderate income residents.
Manna McKinley Housing Partners, LDHALP: Loan for acquisition and rehabilitation of a vacant building to create eight rental two bedroom apartments to be rented to low income residents and located on the west side of Detroit.