Grand Rapids, Mich. – September 23, 2026 -- Mercantile Bank is deploying $150,000 in matching grants to eight Michigan nonprofit organizations through the Federal Home Loan Bank of Indianapolis Community Multiplier Member Match Program, targeting affordable housing gaps statewide.
Mercantile Bank channels $150,000 through FHLBank Indianapolis matching program
The Community Multiplier program allows member financial institutions to support affordable housing nonprofits via matching grants. Mercantile's funding will back initiatives spanning housing stability, housing counseling and education, organizational capacity building, and affordable housing development and preservation.
Eight organizations across Detroit, Lansing and Grand Rapids receive grants
Recipients include Blue Water Community Action Agency and Blue Water Habitat for Humanity (Port Huron), Fair Lending Services (Lansing), Methodist Children's Home Society (Metro Detroit), Opportunity Resource Fund (Detroit, Grand Rapids, Lansing), Samaritas (Grand Rapids, Lansing, Detroit), Urban League of West Michigan (Grand Rapids), and Wayne Metropolitan Community Action Agency (Metro Detroit).
Bank cites scale as largest Michigan-founded commercial lender
Ray Reitsma, President and CEO of Mercantile Bank, said the institution is committed to expanding housing opportunities as the largest commercial bank founded and headquartered in Michigan. Sonali Allen, Community Development Officer at Mercantile Bank, noted the grants address varied local priorities, from housing stability to affordable housing development, across the nonprofit partners' service areas.