Historic Timeline
- 1984: Planning began for Michigan
Housing Trust Fund (MHTF) via the Michigan Housing
Coalition funded by a grant of $125,600 from Michigan State Housing Development
Authority (MSHDA).
- 1985: MHTF is incorporated.
- 1986: Capitalization of MHTF began
(first loan received from Adrian Dominican Sisters).
- 1987: MHTF made its first loan to
Salem Housing Task Force.
Planning began for what would become the Bishop H.
Coleman McGehee Economic Justice Fund.
- 1988: MHTF hires its first paid
staff.
Bishop H. Coleman McGehee brings plan for an Economic
Justice Ministry to the National Convention of the
Episcopal Church meeting in Detroit.
- 1989: The convention of the Diocese
of Michigan creates an Economic Justice Commission (EJC)
whose first priority was a development of a community
loan fund. The Trustees of the Diocese and the Economic
Justice Commission established the Bishop H. Coleman
McGehee Economic Justice Fund.
MHTF begins providing technical support in partnership
with Michigan LISC, Michigan Housing
Coalition, Development Training Institute, and Habitat for Humanity-Michigan.
- 1990: MHTF founding Executive
Director leaves. The Trust Fund hires its second
Executive Director and formalizes its Technical
Assistance program.
EJC and McGehee Fund receive grant from Lilly Endowment
with a matching component from the National Church and
the Diocese to assist three Detroit nonprofits with
advance planning for successful bootstrap operations.
- 1991: MHTF reaches $1 million+ in
cumulative affordable housing loans.
- 1992: McGehee Fund holds first
Celebration Dinner.
MHTF sponsors its first rural conference.
- 1993: McGehee Fund makes first
business development loan to Core City Neighborhoods and
first nonprofit facility loan to St. Francis Episcopal
Church in Grayling for a community counseling center.
MHTF revises mission to focus more clearly on the social
justice reasons for assisting with affordable housing
development.
- 1994: Interfaith investment received
from the Sisters of Mercy Regional Community of Detroit
by the McGehee Fund.
MHTF committed $1 Million to Detroit’s new
Empowerment Zone application.
- 1995: New Episcopal Diocese of
Eastern Michigan maintains its participation in McGehee
Fund.
MHTF celebrates 10-year anniversary.
- 1996: The Trustees of the Diocese of
Michigan resolve to transition the McGehee Fund to become
an Interfaith Fund.
MHTF receives certification as a Community Development Financial
Institution (CDFI).
- 1997: MHTF Executive Director leaves
and Fund hires third Director.
McGehee Fund receives grant from Community Foundation to
hire part-time loan officer.
- 1998: McGehee reaches $1 Million+ in
investments with MHTF.
- 1999: MHTF receives first award from
CDFI Fund.
Episcopal Diocese of Western Michigan makes first
investment in McGehee Fund.
- 2000: The Michigan McGehee Interfaith Loan Fund is
incorporated with a new Board of Directors.
MHTF begins planning with four other Lansing-based
nonprofits for a comprehensive shared office space.
- 2001: McGehee Fund relocates to
community-based building, hires additional full-time
staff (fund development and loan officer) and celebrates
10 years.
MHTF commissions comprehensive organizational review,
retains Rennslearville Institute, and begins new
strategic planning process.
- 2002: MHTF relocates Lansing
headquarters, establishes Detroit office, and receives
second award from CDFI Fund.
McGehee Interfaith Fund receives official transfer of
assets and liabilities from Trustees of the Diocese of
Michigan.
Discussions begin regarding possibility of merge.
A dual task force is founded to explore merge.
Founding Executive Director of McGehee Fund retires.
- 2004: WE MERGE! The new Michigan
Interfaith Trust Fund is formed.
