Created in 2004 out of a merger of two community development funds that date back to the 1980s, the Opportunity Resource Fund (formerly named the Michigan Interfaith Trust Fund) offers a variety of loan products, and underwrites projects for affordable housing, economic development, pre-development, and mixed-use development throughout the state of Michigan. To date, the fund has lent $21.9 million for affordable housing, leveraging an additional $73.7 million, and has helped develop nearly 2,000 housing units. The fund has also made 47 economic development loans worth a total of $2.4 million, leveraging an additional $16 million, and has helped create 192 jobs.
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