MITF has closed two new loans since the last publication of the newsletter:

• CAP Nonprofit Housing
  Amount of Loan: $172,000
  City: Ypsilanti
  Number of units: 2
  Activity type: Homeownership
  
  
• Medic-Air Respiratory & Medical Supplies
  Amount of Loan $15,000
  City: Detroit
  Activity type: Medical Supply

We commend the work of these borrowers, and wish them the best of luck in their endeavors.

The July edition of the Michigan Interfaith Trust Fund Community Quarterly will be arriving soon. This month's newsletter will feature great articles on the following topics:

• Former MITF Board Chair, Eugene Kuthy, winning the Terrance Duvernay award at the 2006 Affordable Housing Conference
  
• The re-opening Twingo's Euro Café in Midtown Detroit
  
• An MITF affordable housing loan project in Detroit
  
• The (mostly) new faces at MITF: Deb Fedewa, Karen Gasperoni, and Zack Pohl

Check back here for updates, and keep an eye on the mail for the new newsletter. Remember, if you would like to receive a copy of the Community Quarterly in the mail, please take a moment to join our mailing list.

The Michigan Interfaith Trust Fund is pleased to now be able to offer one-stop financing to developers of mixed use projects that involve both commercial and residential space. Potential borrowers need only submit one application and will have only one contact person at the Interfaith Trust.

If you are interested in learning more about this loan product simply contact any Loan Officer or the Director of Lending at the Interfaith Trust. You can also download a copy of the new application right here on our website.

As much as we love closing new loans at MITF, we always have a special affection for borrowers who repay their loans. Thirteen borrowers have repaid their loans with MITF since the first of the year, and we congratulate them on this achievement:

• Sacred Heart/St. Elizabeth CDC, Detroit
  
• Clean in Detroit, Detroit
  
• Homestretch Nonprofit Housing Corp., Benzonia
  
• Sacred heart/St. Elizabeth CDC, Detroit
  
• Synergy Nonprofit Housing Corp., Grand Rapids
  
• A.F.B., LLC Dba Agave, Detroit
  
• Alpha Base Inc., Detroit
  
• Brazelton Florist, Inc., Detroit
  

Well, it's only June right now, but since events always seem to pile up near the end of a work year, we figured it wasn't too early to get the word out. Please mark it down in your calendars: November 9, 2006 is the date of MITF's annual "Evening for Economic Justice".

As always, this year's event will commence at Focus: HOPE's wonderful facilities in Detroit.

Hardcopy save-the-date postcards will be going out in the mail very soon, and more detailed information will follow later in the summer/fall with the formal invitations. Keep an eye on the mail for those.

The Michigan Interfaith Trust Fund is pleased to now be able to offer one-stop financing to developers of mixed use projects that involve both commercial and residential space. Potential borrowers need only submit one application and will have only one contact person at the Interfaith Trust.

If you are interested in learning more about this loan product simply contact any Loan Officer or the Director of Lending at the Interfaith Trust. You can also download a copy of the new application right here on our website.

The July edition of the Michigan Interfaith Trust Fund Community Quarterly will be arriving soon. This month's newsletter will feature great articles on the following topics:

• Former MITF Board Chair, Eugene Kuthy, winning the Terrance Duvernay award at the 2006 Affordable Housing Conference
  
• The re-opening Twingo's Euro Café in Midtown Detroit
  
• An MITF affordable housing loan project in Detroit
  
• The (mostly) new faces at MITF: Deb Fedewa, Karen Gasperoni, and Zack Pohl

Check back here for updates, and keep an eye on the mail for the new newsletter. Remember, if you would like to receive a copy of the Community Quarterly in the mail, please take a moment to join our mailing list.

MITF has closed two new loans since the last publication of the newsletter:

• CAP Nonprofit Housing
  Amount of Loan: $172,000
  City: Ypsilanti
  Number of units: 2
  Activity type: Homeownership
  
  
• Medic-Air Respiratory & Medical Supplies
  Amount of Loan $15,000
  City: Detroit
  Activity type: Medical Supply

We commend the work of these borrowers, and wish them the best of luck in their endeavors.

As much as we love closing new loans at MITF, we always have a special affection for borrowers who repay their loans. Thirteen borrowers have repaid their loans with MITF since the first of the year, and we congratulate them on this achievement:

• Sacred Heart/St. Elizabeth CDC, Detroit
  
• Clean in Detroit, Detroit
  
• Homestretch Nonprofit Housing Corp., Benzonia
  
• Sacred heart/St. Elizabeth CDC, Detroit
  
• Synergy Nonprofit Housing Corp., Grand Rapids
  
• A.F.B., LLC Dba Agave, Detroit
  
• Alpha Base Inc., Detroit
  
• Brazelton Florist, Inc., Detroit