Michigan Community Fund- Low Income Housing Tax Credit 

Michigan Bankers Association has partnered with Cinnaire to create the Michigan Community Fund (MCF). Historically, financial institutions that didn’t have the means to invest a minimum of $1 million in a multi-investor tax credit had no option to invest in affordable housing. MCF has been created to benefit banks with the MBASC’s goal of ‘the Power of the Group” by bringing together a number of banks into one fund thus allowing investments as low a $500,000.

This program will enable your bank to reduce your federal tax liability through Low-Income Housing Tax Credit investments. With a superior track record of no foreclosures, a competitive rate of return to the bank through tax credits and losses, and the social and economic impact of investing in Michigan real estate, this fund provides multiple benefits to the Member Banks. For more information, contact MBA Products Division at (517) 485-3600.  Download flyer for more information.


Senior Crimestopper’s and Veteran’s Crimestopper’s Programs through CRA Partners (f.k.a. Senior Housing Crime Prevention Foundation)             

In 2009, the Michigan Bankers Association, through its for-profit subsidiary MBA Service Corporation, endorsed and partnered with CRA Partners. CRA Partners is a highly successful conduit for banks to earn risk-free CRA loans and investment credit, while achieving above market yields and helping to resolve a problem that plagues society – the exploitation and abuse of nursing home residents. Loans and investments made by banks enable CRA Partners to provide the nationally acclaimed Senior Crimestoppers program at no cost to low and moderate income senior housing facilities.

  • CRA Partners Facility Program
    This program offers banks the opportunity to gain CRA credit through making loans and/or investments to CRA Partners in order to run the Senior Crimestoppers Program. Nationally, this program has reduced all incidents of crime in participating senior housing by approximately 96%. In addition to the CRA credits and the good will the bank obtains in its community, this program also provides retail bank opportunities with residents, resident family members and employees of nursing home.  Download flyer for more information.
  • National Veterans Initiative
    The MBA has joined with CRA Partners, the American Bankers Association and the Independent Community Bankers of America to ensure safety and security for our nation's 40,000 elderly Veterans nursing home residents. By being part of the Veterans Crimestoppers program, your bank's goodwill will be recognized by 588,933 Veterans in Michigan who hold $23.7 billion dollars in net worth. The investment is at no risk, is short term and provides repeat credit each time the bank is examined.  A press release from a press conference that was held at the National Press Club in Washington, D.C. included the following statement:

For more information,contact the MBASC Products Division This e-mail address is being protected from spambots. You need JavaScript enabled to view it at (517) 485-3600.