Homeless Heroes

A PUBLICATION OF GREAT LAKES CAPITAL FUND

VOLUME 22 | ISSUE 1 | 2015

HOMELESS HEROES FIGHTING FOR THE MEN AND WOMEN WHO FOUGHT FOR FREEDOM

FEATURES

HEROES TO HOMELESS................................................ 6

VETERAN SUPPORT PROGRAMS.................................. 11

THE HISTORY OF VETERAN AFFAIRS............................ 14

ENHANCED USE LEASE: CREATING PERMANENT VETERAN HOUSING.............. 16

24

GIVING BACK........................................................... 18

THE HEROES WITHIN................................................. 24

6

DEPARTMENTS

CEO’s MESSAGE.......................................................... 5 Serve Those Who Served

EVENTS & HAPPENINGS............................................ 30

ADVERTISER INDEX..................................................... 38

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GOVERNING BOARD

CEO’s MESSAGE

Wendell Johns, Chair Former SVP, Fannie Mae Michael J. Taylor, Secretary/Treasurer PNC Bank Catherine A. Cawthon Fifth Third CDC Derrick K. Collins Chicago State University Christine R. Hobbs Former Director, Freddie Mac Multifamily William C. Perkins Wisconsin Partnership for Housing Development, Inc.

SERVE THOSE WHO SERVED

BY MARK MCDANIEL, CEO/PRESIDENT GREAT LAKES CAPITAL FUND

Robert Rossiter AIG Federal Saving Bank James W. Stretz George K. Baum & Company Donald F. Tucker Don Tucker Consulting Paul J. Weaver Former SVP and Controller, FHLBI

CORPORATE OFFICERS Mark S. McDaniel, President & CEO Christopher C. Cox, CFO James L. Logue III, COO Kevin Crawley, Executive Vice President Jennifer A. Everhart, Executive Vice President Rick Laber, Executive Vice President Marge Novak, Executive Vice President Jim Peffley, Executive Vice President Lansing Headquarters 1118 S. Washington Avenue Lansing, MI 48910 Phone 517.482.8555 Detroit Office 1906 25th Street Detroit, MI 48216 Phone 313.841.3751 Illinois Office 225 West Washington, Suite 1350 C Chicago, IL 60606 Phone 708.781.9603 Indianapolis Office 320 N. Meridian, Suite 1011 Indianapolis, IN 46204 Phone 317.423.8880 Wisconsin Office 2 E. Mifflin Street, Suite 101 Madison, WI 53703 Phone 608.234.5291 Delaware Office 100 W. 10th Street, Suite 302 Wilmington, DE 19801

This edition of Avenues is very special to me. Since childhood, I’ve had a high regard for those who have served in the military. At around age 10, I learned my grandfather was in the army and sent to France in World War I. My first job was working for my grandfather. He gave me a pair of work boots, which turned out to be his boots from the Army. They were proudly worn until I outgrew them.

My grandfather, Sargent Harley McDaniel, was a leader of “men” and I believe his time in the military gave him the ability to develop those attributes. He served in the 85th Division, 390th Engineers, Company F. He was drafted in 1917 and returned home in 1919. He trained at Camp Custer in Battle Creek, Michigan. They were known as the Custer Men. He shipped over to France to work in the supply depots, but his division got split up: half sent to fight in Siberia Russia against the Bolsheviks and the remaining half were scattered across the American Expeditionary front as replacement groups. He served in the battles of St. Miheil and the Somme. I’ve read the history of these battles, how miserable and gruesome they were and understand now why he never spoke much of it. I’ve had a great appreciation for Military service ever since. I have been a Son of the American Legion member of Legion Post 300 in Lake City for several years and have had the honor to march in their Memorial Day parade and raise

This magazine is published quarterly by the Great Lakes Capital Fund (GLCF) to provide readers with information on affordable housing and economic and community development resources. This publication is copyrighted. The reproduction of Avenues to Affordability is prohibited by law. For additional copies, comments, concerns or to be added to the mailing list, please contact the Great Lakes Capital Fund office at 517.482.8555 or visit www.capfund.net.

Editorial and Advertising Mary McDaniel, CMP • Alternative Solutions, LLC 517.333.8217 • mcdaniel64@comcast.net Graphic Design Melissa Travis • Ink Ideas Graphic Design, LLC 989.272.3101 • www.inkideasgraphicdesign.com

(CONTINUED ON PAGE 36) 5

HOMELESSNESS

BY MICHELLE ADAMS, VOLUNTEERS OF AMERICA

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GREAT LAKES CAPITAL FUND

F

or months, a homeless Veteran stood in front of the Veterans’ Affairs Medical Center in Battle Creek, Michigan, with a sign reading “homeless Veteran.” He had suffered from a post-traumatic stress injury, other mental health issues and struggled with homelessness for eight years.

At first glance, this case could be seen as a lesson of what happens when a nation neglects its responsibilities to its Veterans. But there is more to the story than meets the eye.

The U.S. Department of Veteran Affairs, the U.S. Department of Housing and Urban Development and the U.S. Interagency Council on Homelessness recently announced a 33 percent reduction in Veteran homelessness from 2010 to 2014. The VA and other federal, state, local and private agencies are developing new approaches to Veteran homelessness, including a focus on preventing homelessness from occurring in the first place.

As for the Veteran in the example above, he’s no longer standing in front of the VA. Staff at Volunteers of America Michigan stepped in to help him connect with VA resources and other federal programs. Within hours, the Veteran received housing and employment assistance. Stories like this only begin to capture the complex issue of Veteran homelessness within the Great Lakes Region.

Nobody is ready to declare victory yet in the battle against Veteran homelessness. And homelessness is not the only threat facing Veterans. Long-term health problems can affect Veterans.

They may suffer from post-traumatic stress disorder (PTSD) and other mental health issues, effects of exposure to hazardous and harmful materials, traumatic brain injuries, physical injuries to limbs, and visual and auditory impairments. In addition to PTSD, suicide rates amongst Veterans are twice as high compared to their civilian counterparts. This information came from a report compiled by News21, a Carnegie-Knight Initiative on the Future of Journalism Education that analyzed information from Center of Disease Control and American Community Survey.

Despite the challenges, Veterans can claim achievements unmatched by their civilian counterparts. The VA administers a comprehensive report that captures the demographics of Veterans versus non-Veterans. These reports state Veterans are twice as likely to hold managerial and professional occupations. They also have a lower rate of living below the poverty level and have higher rates of having public and private health insurance. Veterans provide a strong set of skills in the workplace, such as loyalty to a team, reliable work ethic, motivated productivity and comprehensive communications skills.

Military service requires great sacrifice by families, and returning to normalcy can be a struggle. Female Veterans face their own struggles, including traumatic brain injuries, post-traumatic stress disorder and military sexual trauma. Military sexual trauma can

AVENUES TO AFFORDABILITY

affect as many one in five women in the military, stated in a report by the American College of Obstetricians and Gynecologists.

Women who suffer from sexual trauma suffer from additional problems, such as sexual dysfunctions and reproductive issues.

Women may not even identify themselves as Veterans, so extra caution must be used when addressing them.

While female Veterans (who are expected to grow from 9 percent of the Veteran population to nearly 17 percent in the next 40 years) may face their own issues, they have advantages over their non-Veteran counterparts. The VA reports that female Veterans are less likely to live in poverty, are more likely to have public and private healthcare, and earn on average more than $7,400 than non-Veteran females. They hold managerial and professional positions at a higher rate than non-Veteran females.

According to the National Coalition for Homeless Veterans (NCHV), Veterans currently account for 12 percent of the total homeless population and for 9.1 percent of the overall population, according to the U.S. Census Bureau.

Wartime Eras and Veteran Numbers within the glcf coverage area

• World War II (Dec 7, 1941-Dec 31, 1946) 259,730 Veterans • Korean War (Jun 27, 1950-Jan 31, 1955) 435,876 Veterans • Vietnam Era (Feb 28, 1961-May 7, 1965) 1,576,646 Veterans • Desert Storm/Shield (Aug 2, 1990-Apr 6, 1991) • Global War on Terrorism (OIF, Mar 17, 2003-Aug 31, 2010) • Operation New Dawn (OND, Sep 1, 2010-Dec 15, 2011) • Global War on Terrorism (OEF, Oct 7, 2001-present) Total number of Veterans: 4,334,756 Peacetime Veterans: 1,314,755 Source: U.S. Department of Veterans Affairs totals for NY, WI, IL, IN, MS, DE, PA, MI, MD

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America’s Wars AMERICAN REVOLUTION (1775-1783) Total U.S. Servicemembers1................................. 217,000 Battle Deaths......................................................... 4,435 Non-mortal Woundings........................................... 6,188 WAR OF 1812 (1812-1815) Total U.S. Servicemembers.................................. 286,730 Battle Deaths......................................................... 2,260 Non-mortal Woundings........................................... 4,505 INDIAN WARS (APPROX. 1817-1898) Total U.S. Servicemembers (VA estimate)............... 106,000 Battle Deaths (VA estimate)...................................... 1,000 MEXICAN WAR (1846-1848) Total U.S. Servicemembers.................................... 78,718 Battle Deaths......................................................... 1,733 Other Deaths (In Theater)...................................... 11,550 Non-mortal Woundings........................................... 4,152 CIVIL WAR (1861-1865) Total U.S. Servicemembers (Union).................... 2,213,363 Battle Deaths (Union).......................................... 140,414 Other Deaths (In Theater) (Union)......................... 224,097 Non-mortal Woundings (Union)........................... 281,881 Total Servicemembers (Conf.)2.......................... 1,050,000 Battle Deaths (Confederate)3.................................. 74,524 Other Deaths (In Theater) (Confederate)3,4............... 59,297 Non-mortal Woundings (Confederate).................. Unknown SPANISH-AMERICAN WAR (1898-1902) Total U.S. Servicemembers (Worldwide)................ 306,760 Battle Deaths............................................................ 385 Other Deaths in Service (Non-Theater)...................... 2,061 Non-mortal Woundings........................................... 1,662 WORLD WAR I (1917-1918) Total U.S. Servicemembers (Worldwide)............. 4,734,991 Battle Deaths....................................................... 53,402 Other Deaths in Service (Non-Theater).................... 63,114 Non-mortal Woundings....................................... 204,002 WORLD WAR II (1941 –1945) Total U.S. Servicemembers (Worldwide)........... 16,112,566 Battle Deaths..................................................... 291,557 Other Deaths in Service (Non-Theater).................. 113,842 Non-mortal Woundings....................................... 670,846 Living Veterans5.............................................. 1,711,000

KOREAN WAR (1950-1953) Total U.S. Servicemembers (Worldwide)............. 5,720,000 Total Serving (In Theater).................................. 1,789,000 Battle Deaths....................................................... 33,739 Other Deaths (In Theater)........................................ 2,835 Other Deaths in Service (Non-Theater).................... 17,672 Non-mortal Woundings....................................... 103,284 Living Veterans................................................ 2,275,000 VIETNAM WAR (1964-1975) Total U.S. Servicemembers (Worldwide)6........... 8,744,000 Deployed to Southeast Asia 7............................ 3,403,000 Battle Deaths8...................................................... 47,434 Other Deaths (In Theater)8..................................... 10,786 Other Deaths in Service (Non-Theater)8................... 32,000 Non-mortal Woundings9...................................... 153,303 Living Veterans5, 10........................................... 7,391,000 DESERT SHIELD/DESERT STORM (1990-1991) Total U.S. Servicemembers (Worldwide)............. 2,322,000 Deployed to Gulf............................................... 694,550 Battle Deaths............................................................ 148 Other Deaths (In Theater)........................................... 235 Other Deaths in Service (Non-Theater)...................... 1,565 Non-mortal Woundings.............................................. 467 Living Veterans5, 10........................................... 2,244,583 AMERICA’S WARS TOTAL (1775 -1991) U.S. Military Service during Wartime.............. 41,892,128 Battle Deaths..................................................... 651,031 Other Deaths (In Theater).................................... 308,800 Other Deaths in Service (Non-Theater).................. 230,279 Non-mortal Woundings.................................... 1,431,290 Living War Veterans11.................................... 16,962,000 Living Veterans (Periods of War & Peace)......... 23,234,000 GLOBAL WAR ON TERROR (OCT 2001 -) The Global War on Terror (GWOT), including Operation Enduring Freedom (OEF) and Operation Iraqi Freedom (OIF), are ongoing conflicts. For the most current GWOT statistics visit the following Department of Defense Website: http://siadapp.dmdc.osd.mil/personnel/CASUALTY/gwot_ component.pdf

NOTES: 1. Exact number is unknown. Posted figure is the median of estimatedrange from 184,000 – 250,000. 2. Exact number is unknown. Posted figure is median of estimated range from 600,000 – 1,500,000. 3. Death figures are based on incomplete returns. 4. Does not include 26,000 to 31,000 who died in Union prisons. 5. Estimate based upon new population projection methodology. 7. Department of Defense estimate 8. Covers period 11/1/55 – 5/15/75 9. Excludes 150,341 not requiring hospital care 10. Defense Manpower Data Center (DMDC) estimate, as of 4/09, doesnot include those still on active duty and may include veterans who served in Iraq and Afghanistan. 11. Total will be more than sum of conflicts due to no “end date”established for Persian Gulf War. Source: Department of Defense (DOD), except living veterans, which are VA estimates as of Sep 2010.

There were 4,526 homeless Veterans in the state of Michigan in 2013, based on information from the Michigan Homeless Information System provided by the Michigan Coalition Against Homelessness. Over 89 percent were male. Veteran males who were homeless tended to be older, while homeless female Veterans were younger and living in households with children. Thirty-five percent of the homeless Veterans were homeless for the first time.

NHCV found that multiple factors can cause homelessness: lack of affordable housing or livable income, no access to healthcare.

Numerous Veterans suffer from Post-Traumatic Stress Disorder and some struggle from substance abuse. Military work does not always easily translate to civilian jobs, so sometimes it is difficult to find employment.

In addition to secure housing, some Veterans need access to nutritional meals, basic physical health care, substance abuse aftercare, mental health counseling and personal development and empowerment. Veterans also should be provided with job assessment, training and placement assessment. The most successful programs to help combat Veteran homelessness combine housing with case management and a goal of gainful employment.

Volunteers of America Michigan (VOAMI) programs feature a combined methodology of supportive services to help end Veteran homelessness.

A VA-funded program launched by Volunteers of America in

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MILITARY • Air Force and Air Force Reserves: Nation’s source of air and space power. Usually operates planes, helicopters and satellites • Army and Army Reserves: Dominant land power.

Guards U.S. installations and properties throughout the world o Army National Guard: Elite group of warriors who dedicate a portion of their time to serve their nation • Coast Guard and Coast Guard Reserves: Monitors domestic waterways. Does rescues, law enforcement, drug prevention and clears waterways • Marine Corps and Marine Reserves: U.S. rapidreaction force. Trained to fight by land and sea.

Referred to “first boots on the ground” • Navy and Navy Reserves: Primarily occupies sea (also can occupy air and land). Secures and protects oceans around the world to create peace and stability. Makes seas safe for travel and trade.

Source: Military.com

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9

HOMELESSNESS

2013 called Supportive Services for Veteran Families (SSVF) helps low-income Veterans by preventing them from falling into homelessness, or rapidly rehousing those who are homeless. It provides case management and financial support. Services can include rental assistance, eviction prevention, help paying for daycare as parents seek housing, legal services and referrals to other services.

This program covers 12 counties, ranging from Lansing to Lake Michigan.

During the first fiscal year (October 31, 2013, to Sept 30, 2014) of the 12-county SSVF program, more than 532 families were screened. The program permanently housed 189 families who were literally homeless and 106 families that were at risk of homelessness, exceeding its goals for the first year. The program provides a vital asset to the 12 counties it assists in Michigan.

In 2014, Volunteers of America was

awarded a second SSVF program, this time to cover metro Detroit.

Since 2008, VOAMI has operated another program called Homeless Veterans Reintegration Program. HVRP is a U.S. Department of Labor program that helps find gainful employment for Veterans through a customized approach focusing on Veterans’ interests. In the initial assessment phase, Veterans work with staff to review their job search plan. If the Veteran has barriers to employment (e.g., substance abuse, financial difficulty, etc.), staff works with the Veteran to overcome those barriers. This process may also include enrollment into the SSVF program. In the enrollment stage, staff helps Veterans with job searches and works on professional development. Once a Veteran receives a placement in employment, they receive follow-up care for up to nine months.

During the first quarter (July 1-Sept 30,

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FOR 75 YEARS.

2014) of the program’s current fiscal year, staff enrolled more than 150 Veterans, and more than 70 received employment. The actual goals for clients assessed and placed in employment exceeded the projected goals by over 110 percent. This program has far exceeded its goals for the first part of the year.

Volunteers of America Michigan has found that a combined approach of housing, employment and individual case management can help end Veteran homelessness.

The approach worked for the aforementioned Veteran who went from panhandling in front of the VA to being housed and employed. Volunteers of America Michigan hopes to continue these types of success stories.

MICHELLE ADAMS IS THE WRITING AND PUBLICATIONS SPECIALIST AT VOLUNTEERS OF AMERICA, MICHIGAN. SHE CAN BE REACHED AT MADAMS@VOAMI.ORG.

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GREAT LAKES CAPITAL FUND

COMMUNITY

VETERAN SUPPORT PROGRAMS

BY CARLY BRIN, GREEN & HEALTHY HOMES INITIATIVE, DETROIT-WAYNE COUNTY Green & Healthy Homes Initiative Detroit-Wayne County (GHHI DetroitWayne County) is comprised of 50 partner organizations dedicated to creating healthy, safe and energy efficient homes for children and families in Detroit and Wayne County. The GHHI Detroit-Wayne County aligns, braids and coordinates resources to best ensure that Detroit and Wayne County residents receive support for green job training, healthy homes housing remediation, and personalized education on best practices for keeping a safe and healthy home. Many of those residents include Veterans. Below are stories from two GHHI Detroit-Wayne County partners that help Veterans.

DETROIT TRAINING CENTER REINTEGRATION GRANT PROVIDES NEW OPPORTUNITIES After being laid off from his auto factory job during the 2008 recession, personal problems mounted for Army Veteran Ronald Allix. He eventually found himself divorced, homeless and struggling.

In August, Allix, 46, along with 13 other Veterans ages 25-to-60, graduated from the Blight Removal and Heavy Equipment Training Program at the Detroit Training Center, under a grant program funded by the department. All of them were placed in local jobs. Allix applied for the program after seeing a flyer at Detroit Rescue Mission Ministries, which received a grant of $300,000 through the Homeless Veterans Reintegration Program in 2013. Today Allix holds state licenses in asbestos and lead abatement and a certificate in heavy equipment operation. He has been hired as a general construction laborer paying $12.75 an hour and is preparing to move AVENUES TO AFFORDABILITY

out of the shelter. “This was a life-changing experience for me,” Allix said. “Without the program I would likely still be stuck because I didn’t have a clear path in mind to get into anything else.” According to Patrick Beal, chief executive officer at the Detroit Training Center, “Veterans are great candidates for job placement; they are disciplined and eager to learn new skills. We focus our training on skills in demand by employers.”

CLEARCORPS DETROIT VETERAN NEEDS HEAT TOO A Veteran applied to the DTE Energy

Test and Tune-Up Program and after his furnace was inspected, the HVAC vendor decommissioned his furnace due to large amounts of CO emissions (500+ ppm) coming from a cracked heat exchanger.

The HVAC vendor informed CLEARCorps Detroit that the Veteran was in need of a The Veteran furnace replacement. resided in a mobile home which required an EMC motor and that incurred additional cost that CLEARCorps Detroit did not have. The manager of the Test and Tune-Up program called the applicant and informed him of the additional cost needed to replace his furnace.

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COMMUNITY

The applicant sent in a $200.00 money order and received financial assistance from the American Legion organization in the amount of $400.00 with the help of CLEARCorps Detroit staff. This combined amount of $600.00 was just what the applicant needed to receive a furnace replacement.

After facing many obstacles, phone calls, and mishaps, the applicant finally received a call from the HVAC vendor.

The applicant stated, “I’m glad that I had a chance to work with CLEARCorps Detroit and work with American Legion and it was great that you guys gave us an opportunity to seek help. With all the work you guys did, it helped me quite a bit. The furnace replacement saved our lives even the lives of my animals. They even came a week early and it was the weekend. You don’t find that often.”

We are pleased to announce that this

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This furnace replacement will save this family money on their energy bill and they don’t have to worry about CO emissions.

GREEN & HEALTHY HOMES INITIATIVE, DETROIT-WAYNE COUNTY OVERVIEW Through its network of partners, GHHI Detroit-Wayne County has been able to accomplish great things for the families of Wayne County, such as making 2,048 units statewide and 296 units in the City of Detroit lead safe by the Lead Safe Homes Program through the Michigan Department of Community Health since 1997. Enrolling 270 people in green jobs training through Detroiters Working for Environmental Justice since December 2011. 215 people received employment and, of those, 72 were employed in green and healthy homes related fields. Since

2002, 4,251 homes have received Healthy Homes’ related services through the City of Detroit Planning And Development Department’s City Wide Lead, ChildHelp, Minor Home Repair, Senior Emergency Home Repair and Neighborhood Strategic Area program. Lastly, 10,769 visits have been made for lead poisoned children by the Institute for Population Health (formerly the City of Detroit Department of Health & Wellness Promotion) since the mid-1990s.

The Green & Healthy Homes Initiative, Detroit-Wayne County works through many different avenues to ensure that Wayne County families have safe and healthy places to live. The initiative works as an advocate to seek and support the conduct of local dialogues with landlords, regulators, funding agencies, and others in Detroit and Wayne County to encourage them to implement healthy homes standards in the housing units that they control. Green and Healthy Homes also focuses on policy making to facilitate the adoption and implementation of local housing and health codes to encompass standards for private sector rental owners and/or homeowners. Examples include the implementation of basic maintenance codes and additional requirements for healthy home interventions when owners improve a property.

The Green & Healthy Homes Initiative will continue working towards reducing housing-related health risks to increase the quality of life for children and families in Detroit and Wayne County, including Veterans.

CARLY BRIN IS AN ADMINISTRATIVE ASSISTANT AT

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SOURCES: U.S. DEPARTMENT OF LABOR-DOL NEWS-

WAYNE

COUNTY

AT

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HEALTHYHOMES.ORG OR VISIT OUR WEBSITE AT WWW.DETROITGREENANDHEALTHYHOMES.ORG.

LETTER, CLEARCORP DETROIT, GHHI DETROIT-WAYNE COUNTY,

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VETERAN AFFAIRS

THE

O F V E T E R A N A F FA I R S The Department of Veterans Affairs (VA) is responsible for providing essential services to our nations Veterans. The United States has one of the most inclusive systems of assistance, with three branches working together to support those who have served. These departments include the Veterans Benefits Administration

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(VBA), the Veterans Health Administration (VHA) and the National Cemetery Administration (NCA).

With roots tracing back to 1636, the VA has evolved throughout the years. The pilgrims passed one of the first laws to support disabled soldiers and set the tone for Veteran care for the years to follow. In

1776, the Continental Congress encouraged participation in the Revolutionary War by offering pensions to disabled soldiers, and later provided direct medical and hospital care to Veterans. In 1811, the federal government authorized the first medical facility specifically for Veterans, followed by the expansion of the Veterans

GREAT LAKES CAPITAL FUND

assistance program to include widows and dependents with pension benefits as well.

Moving into the World War I era, Congress established a new system for Veterans benefits. This new system included programs for disability compensation, insurance for service personnel and Veterans and rehabilitation for those who were disabled. After World War I, all the different Veterans programs were combined into the Veterans Bureau. Because World War I was the first fully mechanized war, many soldiers were exposed to harmful gases, chemicals and fumes that required special treatment after the war. Many of the existing VA hospitals were originally National Home, Public Health Service or Veterans Bureau hospitals during this period after World War I. The second consolidation of Veterans programs occurred in 1930.

President Herbert Hoover signed Executive Order 5398, creating the Veterans Administration to “consolidate and coordinate Government activities affecting war veterans”. After World War II, there was a major increase in the Veteran population, which led Congress to enact many new benefits for Veterans, the most noteworthy being the GI Bill. This bill placed VA second to the War and Navy Departments in funding and personnel priorities and modernized the VA for a new generation of Veterans.

Today, we have the three different branches of the VA. The Veterans Benefits Administration is responsible for providing a variety of services to Servicemembers, Veterans and their families. These services are provided through five different departments within the VBA, including the Office of Economic Opportunity, the Office of Field Operations, the VBADoD Program Office, the Office of Strategic Planning and the Office of Disability Assistance. The Veterans Health Administration is the largest integrated health care system. The VHA consists of 150 medical centers, almost 1,400 community-based outpatient clinics, community living centers, Vet Centers and Domicillaries. These facilities, along with many independent licensed health care practitioners work to provide care for millions of Veterans

AVENUES TO AFFORDABILITY

each year. Lastly, the National Cemetery Administration honors Veterans and their families by providing final resting places in national shrines and with lasting tributes to honor their service and sacrifice to our Nation. All three of these divisions work to provide care, honor and support

to our Nations Veterans. As the Veteran population continues to evolve, the VA will continue to adapt to meet the needs of our Veterans as best they can.

FOR MORE INFORMATION ABOUT THE VA, VISIT WWW.VA.GOV.

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VETERAN HOUSING

ENHANCED USE LEASE:

CREATING PERMANENT

VETERAN HOUSING

BY JOSEPH CARINGELLA, MILNER AND CARINGELLA, INC.

In 1990, Mitch Milner and Associates was engaged by Catholic Charities to work in partnership with the Veterans Administration to create housing for homeless veterans on the south side of Chicago, Illinois. Catholic Charities created St. Leo’s Residences, 141 studio apartments for homeless Veterans. As part of the transaction to create the permanent housing, a Community Based Outreach Clinic or CBOC was created adjacent to the project in order for the Veterans to be able to access healthcare services from the VA. Through that partnership, Milner and Associates identified an unmet need throughout the country: permanent supportive housing for homeless Veterans. Back in 1990, there were approximately 300,000 homeless Veterans, about one-third of the total homeless population.

In 2006, Milner and Associates became Milner and Caringella, Inc. (MCI) with the hope of rolling out a national program to create housing for homeless Veterans. In 2007, Joseph Caringella became a member of the National Coalition for Homeless Veterans because of his work and knowledge of creating permanent housing for this population. We have been successful in creating units for homeless Veterans in Minnesota, Michigan, Illi16

nois, Indiana, and California. MCI has also worked on projects in Wisconsin, Washington State, Nebraska, and Louisiana that were completed by other local Veteran groups. MCI is currently working on homeless Veteran projects in New York, Illinois, Indiana, Texas and the District of Columbia.

The majority of our Veteran’s projects are not located on VA Campus’s. This is because in order to obtain site control for VA land a sponsor needs to enter into an enhanced use lease (EUL), which could take years to acquire. The EUL agreement facilitates in the use of VA land for non-VA purposes, such as Veteran housing. We were successful in obtaining an EUL on a VA Campus in Battle Creek, Michigan. This allowed for the construction of the Silver Star Apartments on this campus, one of the first of this kind. A lot of negotiation goes into these forms of leases, but the main concept for winning approval was the calculation of in-kind contribution provided by the sponsor to the Veterans.

Currently, we are working with the City of Marion and the VA Northern Indiana Healthcare System to create permanent supportive housing for homeless Veterans in Marion, Indiana. In November 2011, the sponsors submitted a proposal to the VA for a EUL on the Marion and Fort Wayne, Indiana VA Campus’. Unfortunately, VA’s authority to act on the EUL ran out at December 31, 2011 and they were not able to grant the sponsors site control of the respective properties. The VA authority was reinstated during 2013 through an act of Congress. Luckily, the sponsor for Marion took a duel path approach to obtaining a site and determined that the land adjacent to the Marion VA Campus was a City of Marion park that was underutilized. The sponsor obtained conditional site control from the City of Marion and completed a 9% tax credit application in 2014 to obtain funding for the project.

Currently, there are numerous EUL project across the country that the VA and sponsors are trying to close and start construction for housing for homeless Veterans. Milner and Caringella, INC. is currently working with Mercy Housing Lakefront on their EUL in Danville, Illinois. We have the expertise and experience to work with the VA to get these projects to the finish line.

GREAT LAKES CAPITAL FUND

ABOUT MILNER AND CARINGELLA Milner and Caringella, Inc. (MCI) provides housing consultant and turnkey development experience along with housing policy and advocacy experience to create affordable housing. MCI works with both for-profit and not-for-profit businesses to build unique public/private partnerships between private housing developers and public agencies to build new housing opportunities.

Since 1985, MCI have provided housing sponsors with development services including applying for and securing project financing and rental subsidies, and guiding project design and concept, property acquisition, selection of key development team members including architect, contractor, lawyer and other professionals; overall supervision and direction of project closing and implementation tasks, organization of property management and staffing plans, monitoring and oversight of construction, and the integration of social service plans and employment plans for affordable housing transactions. Milner and Caringella have been involved with the development of approximately 3,250 affordable housing units valued at over $300 million.

Milner and Caringella, INC. has secured many types of financing for affordable housing transactions, including 9% and 4% Low-Income Housing Tax Credits, HOME and CDBG funding, below market rate mortgages and grants from local, state and national government sources, HUD Insured mortgages, commercial financing, Federal Home Loan Bank awards, bond transactions and other sources. Milner and Caringella have successfully obtained Project Based Section 8 or VASH for its special needs, supportive housing projects. Milner and Caringella is also a HUD Certified Rental Assistance Demonstration (RAD) Expediter. Our most recent created projects include Lincoln Apartments, 75 units in Indianapolis, IN; Navy Village, 68 units in Los Angeles, California; Hope Manor II Apartments, 73 units and Hope AVENUES TO AFFORDABILITY

Manor Apartments, 50 units both located in Chicago, Illinois; Piquette Square Apartments, 150 units located in Detroit, Michigan; Silver Star Apartments, 76 units located on the Battle Creek VA Medical Campus in Michigan; and 141 units at St. Leo Residence located in Chicago, Illinois.

The Evergreen Place Assisted Living Projects created 122 units in Litchfield and Streator, Illinois.

Other projects in development include 50 units in Marion, Indiana; 48 units for families in Canandaigua, New York; 75 units in Perry Point, Maryland and 75 units at the former Walter Reed Hospital in Washington, DC. We are also under contract with Public Housing Authorities in Salt Lake City, Utah, Texarkana, Texas and Duluth, Minnesota to develop affordable housing.

Mr. Milner has an urban planning background and more than 30 years of experience in the affordable housing industry. Mr. Caringella, a Certified Public Accountant and a Housing Tax Credit Certified Professional from the National Home Builders Association, worked as a public accountant for 16 years providing services to lenders, equity providers and sponsors of affordable housing. Mr. Caringella is currently a board member of the National Coalition of Homeless Veterans (NCHV).

IF YOUR ORGANIZATION IS CURRENTLY ENTERED INTO AN EUL WITH THE VA AND YOU WOULD LIKE TO ENGAGE MILNER AND CARINGELLA TO DETERMINE THE NEXT STEPS FOR THE PROJECT, PLEASE FEEL FREE TO CONTACT MITCHELL MILNER AT (847) 433-8084 OR JOSEPH CARINGELLA AT( 847) 433-8085.

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GLCF VETERAN HOUSING

I

GIVING BACK

n 2009, President Obama called for an end to Veteran homelessness by the close of 2015. The VA, along with partners and supporters is determined to meet that challenge through the Homeless Veterans Outreach Initiative. Great Lakes Capital Fund has supported this initiative from the beginning. In fact, GLCF President and CEO, Mark McDaniel has been passionate about supporting homeless Veterans for the past 15 years. Although it was not feasible in the past, in recent years GLCF has been able to utilize low income tax credits to support the development of housing specifically for Veterans. Today, GLCF along with many partners have made multiple investments to support projects that house formerly homeless Veterans. Piquette Square, Lincoln Apartments and Silver Star Apartments, have all contributed to the 33 percent reduction in Veteran homelessness from 2010 through 2014.

LINCOLN APARTMENTS Located in Indianapolis, Indiana, Lincoln Apartments serve 75 of Indianapolis’ formerly homeless Veterans. These apartment homes provide on-site counseling 18

ABOUT THE INDIANA PERMANENT SUPPORTIVE HOUSING INITIATIVE RECOGNIZING THE NEED FOR PERMANENT SUPPORTIVE HOUSING, WHICH PROVIDES HOUSING COUPLED WITH SUPPORT SERVICES TO THE CHRONICALLY HOMELESS, THE INDIANA PERMANENT SUPPORTIVE HOUSING INITIATIVE (IPSHI) WAS LAUNCHED IN 2008 AS A COLLABORATION BETWEEN IHCDA, THE CORPORATION FOR SUPPORTIVE HOUSING (CSH), THE DIVISION OF MENTAL HEALTH AND ADDICTION, AND GREAT LAKES CAPITAL FUND. AS A PART OF IPSHI, CSH AND IHCDA CREATED THE INDIANA SUPPORTIVE HOUSING INSTITUTE WHICH IS AN INTENSIVE, INTERACTIVE, TECHNICAL TRAINING PROGRAM TO HELP ORGANIZATIONS MOVE PROJECTS FROM CONCEPT TO COMPLETION. GREAT LAKES CAPITAL FUND

and support services to military Veterans in a Permanent Supportive-Housing setting. They are the first of its kind in Indianapolis. Lincoln Apartments were strategically built within a mile from the VA Medical Center (in partnership with the Department of Veteran affairs) and immediately north of a community health center on the City’s Westside.

The apartments are located at a former iron foundry, which had sat vacant since 1962 when the iron works foundry closed.

Lincoln Apartments was nominated for the Affordable Housing Finance, Reader’s Choice Award for the nation’s best developments of 2013-2014. The apartment received recognition in the Special Needs Category.

In order to realize financing sources for the $11.6 million development, Lincoln partners had to engage private, public, and nonprofit entities every step of the way.

Starting with remediation efforts of the former iron works foundry site, development partners worked with the City to have the land donated and cleaned up with $450,000 in grants from the Environmental Protection Agency (EPA) and the Department of Housing and Urban Development (HUD) and $50,000 from the state brownfields program.

To supplement the Housing Tax Credits that were used to cover much of the development cost, the City of Indianapolis kicked in $500,000 of HOME funds from HUD. Federal Home Loan Bank of Indianapolis made an AHP Award of $500,000 through their member bank, the National Bank of Indianapolis.

Volunteers of America Indiana have coordinated support services and continued care for residents. Services focus on AVENUES TO AFFORDABILITY

continued stabilization of housing for the veteran and their development of skills, including healthy lifestyles, relationship building/reunification, appropriate utilization of community resources, employment counseling, improved financial stability and community involvement.

Participation in services is voluntary and is based on those areas the veteran seeks to make changes in his/her life.

Others vital to the development’s success include the Indiana Housing and Community Development Authority (IHCDA), who allocated $10 million in federal Housing Tax Credits along with an additional $300,000 grant to finance the deal. Great Lakes Capital Fund (GLCF) syndicated the purchase of these tax cred-

its to provide $10 million in equity for Lincoln Apartments.

“As Indiana’s second permanent supportive housing development directly serving our Veterans, I congratulate the public and private collaboration and community efforts that came together to establish the Lincoln Apartments for the Indianapolis community,” said Lt. Governor Sue Ellspermann, who chairs the IHCDA board. “It is our goal to find solutions for providing safe and stable housing that is available to all residents, especially our Hoosier Veterans who have given so much to our country.”

The development team, who participated in the 2011 Indiana Permanent Supportive Housing Institute includes:

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GLCF VETERAN HOUSING

Building Blocks Non-Profit Housing Corporation (a non-profit affiliate of GLCF); Volunteers of America of Indiana, Inc.; Milner and Caringella; Roudebush VA Medical Center; Keystone Construction and Axis Architects.

“I can’t think of a better way to honor and help those who have given of themselves to protect our precious freedom.” said Indianapolis Mayor Greg Ballard. “This project is a symbol of the compassion, caring and the responsibility we have to care for our Veterans who have fallen on hard times.”

SILVER STAR In 2009 Great Lakes Capital Fund (GLCF), Frontier Development Group, Medallion Management, and its many partners delivered the first Housing Tax Credit development in Michigan to provide Permanent Supportive-Housing to formerly homeless Veterans. In 2010 Silver Star (Phase I) received nationwide recognition in the Affordable Housing Finance Readers Choice Award.

In 2013, Phase II of Silver Star was completed, providing an addi-

tional 100 Permanent Supportive-Housing apartment homes and bringing the total development cost for Silver Star Phase I and II to $25 million.

Today, Silver Star Apartments is home to 175 formerly homeless Veterans who are getting a second chance at living a fulfilling, independent life.

The project site is adjacent to a Veterans Administration (VA) Medical Center, which provides primary and secondary levels of medical care, acute and chronic psychiatric care, substance abuse care and ambulatory care to 131,800 Veteran enrollees.

Silver Star is currently the only tax credit property to be built on VA land in the United States. This one-of-a-kind model maximizes the accessibility of supportive services to meet the needs of the Veterans. In addition to the services provided by the VA, Summit Pointe and Family Home Care Services also provide medical care, employment training, case management, and other community outreach services.

Under the Housing Tax Credit model, Veteran residents pay

30 percent of their income towards rent. Apartment amenities include refrigerators, stoves, garbage disposals, microwaves, and central air conditioners. Development amenities include a workout room, movie-theater, and community room with kitchen.

Common space for on-site supportive services and employment training programs is also included.

GLCF financed over $12 million in equity for Phase II construction of Silver Star, in addition to the $4.7 million invested in Phase I of the project.

“When I moved in to the Silver Star Apartment Homes, I felt blessed, happy and content. The move was exciting, at times… overwhelming knowing I had a home I feel safe and secure in,” said United States Army and Navy Veteran Brian Young. “I came from the streets not knowing on a daily basis if I was going to have a mat to sleep on or a blanket to cover myself with. Silver Star and its staff have changed my life and for that I will be forever grateful.”

“Silver Star holds a special place in my heart. It has been a hurling effort to develop this community to serve our nation’s Vet-

.

erans,” President and CEO of Great Lakes Capital Fund, Mark McDaniel remarked. “My grandfather was one of the ‘Custer Men’ who served in the 85th Division 310th Engineers Company F during World War One. He trained here, went to war, and for the last 2 of his 96 years, lived next door at the VA Hospital. The support of our investors and the developer’s passion to serve Veterans, honors not only his commitment, but that of the hundreds of thousands who have come after.”

“Silver Star is the best demonstration of how the housing first model, coupled with readily available support services, provides positive life changes for residents who have proudly given their service for our country and the freedoms we enjoy,” Managing Member for Frontier Development Group, Marv Veltkamp, said.

“Access to high quality, affordable housing is a fundamental need for everyone,” said Patrick Lonergan, Fifth Third Bank Senior Vice President. “Providing supportive services that people need to stabilize their lives with that housing can make a permanent difference for our Veterans and their families. Fifth Third Bank

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AVENUES TO AFFORDABILITY

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GLCF VETERAN HOUSING

is honored to invest in our Veterans through our participation in Silver Star Apartments. We congratulate everyone involved with bringing this innovative and critical development market and appreciate the opportunity to be part of it.”

Michigan State Housing Authority (MSHDA) provided a HOME Loan in the amount of $2.7 million and Permanent Loan financing in the amount of $1.3 million to Silver Star II. This unprecedented development could not have been completed without the unique collaboration between the developers, and the Department of Veterans Affairs, Michigan State Housing Development Authority (MSHDA), the Battle Creek Veterans Affairs Medical Center, the VA Domiciliary, HRI of Kalamazoo County, Summit Pointe of Calhoun County, and Family Home Health Care Services.

Frontier Development Group and Medallion Management is the developer and property manager for both Phase I and II of Silver Star. Other development partners for Silver Star include; Wolverine Construction, as Phase II’s general contractor; Progressive ae Architects, as the development’s Phase II’s architect; Fryling Construction, Phase I contractor; Economides Architects, Phase I architect.

PIQUETTE SQUARE In Detroit, Michigan, Piquette Square provides 150 apartment homes in a setting specifically designed for formerly homeless

Veterans. Plans for the development began in 2006, in partnership with Detroit-based nonprofit, Southwest Housing (part of Southwest Solutions). In 2010, Piquette Square Apartment Homes opened its doors to Detroit’s formerly homeless military Veterans.

GLCF contributed $7.8 million in equity to finance the $20 million Permanent Supportive-Housing development.

Patriot’s Day 2014, a beautiful new park was dedicated at Piquette Square. The new park allows the residents of Piquette to better enjoy the site’s limited green space -- as the development is situated in the heart of old-Industrial Detroit, where Ford’s first Model T car rolled off the line.

Just before the park dedication a VIP event was held to honor two special Veterans, who were recognized for turning the dream of Piquette Square into the reality that it is today.

Gene Kuthy, Board member for Southwest Solutions; and Dennis Quinn, Senior Vice President at Great Lakes Capital Fund, are both military Veterans who have dedicated their civilian lives to revitalizing communities and ensuring all people have access to a quality, safe place to live.

The new park at Piquette Square pays tribute to both Kuthy and Quinn with an engraved brick marker by the Army flagpole for Dennis and the Navy flagpole for Gene.

Piquette Square is a mixed-use building, with 11,000 square feet of commercial space available on the first floor. Piquette

Square is one of the largest housing developments established for formerly homeless Veterans in the nation. The development re-used vacant parcels that was formerly the historic Studebaker Factory, which was destroyed by fire in 2005.

Southwest Solutions provides and coordinates numerous supportive services that are available on-site for residents and include: mental health counseling, substance abuse treatment, onsite job training, computer labs and other educational programs.

The development is conveniently located within 1.5 miles of the VA Hospital and the Detroit Medical Center, providing easy access to comprehensive care for residents.

Piquette Square is an award-winning development. It has been recognized with a Novogradac Journal of Tax Credits Development of Distinction Award for its vision and outstanding contributions in the field of tax credit development.

“Piquette Square is making a small, but instrumental impact in helping and housing the nearly 4,000 homeless Veterans in the Detroit area by providing them with a safe and affordable place to live,” said GLCF President and CEO, Mark McDaniel. “These types of developments perfectly demonstrate how vital Housing Tax Credits are.”

Avenues to Affordability would like to thank Ashlee M. Barker for her contribution to the publication in 2013 and 2014. Barker authored the article, The Beginning, which appeared in the 20th anniversary edition – Issue 1, 2013. The article was reprinted in Issue 3, 2014 as part of our DMI coverage. Avenues apologizes for the oversight in not providing her byline in both instances.

Barker joined Great Lakes Capital Fund in 2006. She currently serves as Community Impact Analyst, focusing on Community Development Financial Institution (CDFI) initiatives and related capacity building through GLCF’s CDFI affiliate, Capital Fund Services (CFS). Barker is also engaged in social and economic impact assessments; grant writing and management; market research and analysis. Barker graduated from Michigan State University with a Bachelor’s of Science in Urban and Regional Planning (BSURP) and is wholly dedicated to creating social and economic opportunity in disadvantaged communities.

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GLCF VETERANS

THE HEROES WITHIN Considering this issue of Avenues’ special coverage on U.S. Veterans, we couldn’t pass up the opportunity to give recognition to GLCFs own veterans working within the organization. Following are their personal stories.

DENNIS QUINN Dennis Quinn entered the United States Army in 1971. He was initially drafted at the age of 19 and was one of the last groups to be drafted during the Vietnam War. He was trained for a Military Occupational Specialty and served as a Combat Infantryman. Dennis was inducted in Des Moines, Iowa and was then sent to Northern California to Fort Ord for training. In September of 1971, Dennis shipped out to Vietnam. He landed in Saigon, Vietnam after a long flight with multiple stops for fuel. He was then assigned to the 101st Airborne Division. He served in this division for six months, until most of his unit was deployed back to the United States. Because Dennis had just arrived in Vietnam, he did not return with the rest of his division. Instead, he was transferred to the 1st Cavalry Division. In the 1st Cavalry, Dennis was in charge of carrying the radio for his squad. He liked this role because he always knew what was going on.

Whether it was when they would receive their next food drop or the next assignment, Dennis was one of GREAT LAKES CAPITAL FUND

the first few people to hear about it. As the radio carrier, Dennis also worked with the Forward Observer which he really enjoyed, and periodically assisted in planning ambushes and air strikes.

After a year in the jungles of Vietnam, Dennis returned to the United States, with about a year left in his enlistment. He was soon placed at Fort Hood in Texas. There was a bit of an adjustment period upon his initial return. While he had been in Vietnam, life in the U.S. had continued to go on and change, making it hard for him to jump right back into things, he felt as though he was constantly playing catch up to those who had not served. As his two-year term was coming to an end, he was asked to sign up for six more years in the service. Dennis was offered $10,000 to stay on and was given the option to choose where he would be placed next.

Dennis took this offer and he and his family relocated to West Europe.

During his time in West Europe, Dennis and his family traveled all throughout the country, and also to many surrounding countries. His time there was somewhat of a decompressing period. He was able to adjust back to a normal routine, while still participating in monthly training sessions with the Army. His job in Europe was to train for a possible attack from Russia during the Cold War period.

With two years left in his enlistment, Dennis returned to the United States once again. He moved to Fort Lewis in Washington and spent the rest of his military time there. Dennis lived near Mt. Rainer and had a breathtaking view of the mountain range for the remainder of his military service.

At the end of his enlistment, Dennis was accepted at Iowa State University. He originally majored in Business, but quickly found his passion for Urban Planning.

His first job was as a City Planner for the city of Orlando, Florida. During his time in Florida, Dennis received his Master’s degree from Florida State University.

The time Dennis spent in the service AVENUES TO AFFORDABILITY

really helped shape him as an individual and gave him a better sense of where he stood as an individual. He gained important leadership skills and was able to translate those into his daily life.

FRED HASH “I entered the U.S. Army in December, 1971, a few months after my graduation from Indiana University. The Vietnam War had been going on for quite some time, through my high school and college years and it was quite a turbulent time in our country.

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GLCF VETERANS

I had a low Draft number and had actually signed up to be a surveyor on the Amazon River with the Peace Corps. I was ready to go to the Peace Corps, I even had my plane tickets in hand, then I learned that the Peace Corps only offered a deferment and did not substitute for military service and my fear was that I would serve in the Peace Corps two years and then still be drafted. At that point I decided the best route was to do my duty and enlist so that I could serve and get on with my life and career. I have often wondered how my life would have been different had I gone to the Peace Corps.

After basic training at Fort Campbell, Kentucky, I was sent to Military Police School at Fort Gordon in Augusta, Georgia. Being a Military Policeman in Vietnam was not appealing, particularly at that point in the war. I received additional

training and was a top graduate in the Correctional Specialist School. This drastically reduced the likelihood of being a Military Policeman in a combat zone. I do remember thinking as I earned my Expert Rifleman’s Award, I wanted to make sure if some enemy soldier was shooting at me, I wanted to be a better shot than he was!

Upon leaving the Army, I returned to Indianapolis and completed my Master’s degree, using the GI Bill, which at that time paid $325 a month for all college expenses, including tuition. Prior to my career in community development, I worked in the mental health field as a therapist; completed all of my PhD coursework for an Interdisciplinary Program on Young Children; taught Interpersonal Communications; and worked at the Indiana State Department of Mental Health. Immediately prior to my hiring at Great Lakes Capi-

tal Fund (GLCF) in 2000, I was a Community Investment Officer at the Federal Home Loan bank of Indianapolis for ten years. My territory was Indiana and Michigan; it was early in my tenure at the FHLBI that I was fortunate to meet Mark McDaniel & Jim Logue.

I am proud of my military service, contributing to the protection of our country and freedoms. Some important things I learned during my military service include the importance of contributing to a mission larger than your own, integrity and personal courage, duty and loyalty, leadership and teamwork skills, problem solving and pursuing goals with passion and perseverance. I am particularly grateful for the opportunity to apply what I have learned doing my part to develop Permanent Supportive Housing for formerly homeless Veterans with my work on the Lincoln Apartments project. Our mission was clear and through teamwork, passion, and perseverance, we overcame any challenges we ran in to. I feel the skills I gained during my service to my country have been completely transferable and feel grateful for the opportunity to embrace the GLCF mission and to do so with such a great GLCF team.”

ROBERT SNOWBERGER Robert Snowberger decided to join the military after the 9/11 terrorist attacks. He was a junior in high school at the time and felt he wanted to actively participate in defending our country. Robert decided to join the Navy specifically because of the Kalmar Nyckel ship, one of America’s pioneering colonial ships, located in the Delaware Valley. The original Kalmar Nyckel served as the flagship for the 1638 expedition which founded the first permanent European settlement in the Delaware Valley, which is presentday Wilmington. Robert grew up in this area and took special interest in the ship and its history while volunteering on the ship with his Dad. Robert did not have a clear understanding of how to become

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a Navy SEAL, but started off by joining the ROTC and later found out that if you get high enough test scores you can go straight from school to the SEALs. Robert went to San Diego for his BUD/S training in Coronado.

He was in class 267 and it was a six month training program. His class started out with 225 people and he graduated with 29. After this first training phase, Robert moved on to SQT (SEAL Qualification Training), another six month program. This training was more focused on refining various skills, and was more enjoyable but still very intense. After training, SEALs can be placed at Virginia Beach or in San Diego, Robert requested to stay in San Diego. He was assigned to Delta Platoon, SEAL Team Three, which was the same as Chris Kyle, who wrote the New York Times best-selling autobiography, American Sniper. Robert had the opportunity to get to know Chris personally during his time with SEAL Team Three. Robert made a request to deploy right away and in November of 2008, he deployed with SEAL Team Five to Rawah, Iraq. Rawah is located in western Iraq in the Al Anbar province. Robert was stationed there for four months. During this time, Robert and his team executed 18 combat operations-direct action missions where they would seek out a specific target. Robert was one of the new guys at this time so he was not in charge of these operations. After four months, Robert returned to California and trained with SEAL Team Three. During this time he met his wife while on base in San Diego. He was deployed back to Iraq with SEAL Team Three, to Fallujah in February of 2010. This was a Sunni part of Iraq and the enemies in this area were Al-Qaeda and Hamas. Most of their time spent in Fallujah was focused on finding different targets and performing capture missions. Robert felt that the local tribal leaders, along with many local people were truly good individuals who understood why the U.S. was in Iraq. These local tribal leaders encouraged other locals to stand up against terrorists in their own city to create a better life for their families. Robert was happy to work with these people, he felt they were the kind of people that could truly make a difference for their country. This stood out to Robert, he felt there are a lot more good people there than we may realize, who truly want a better life.

When Robert returned from Iraq after his second tour, his re-entry into civilian life was relatively smooth.

He was lucky to come back without any casualties in his platoon. Robert was awarded two Navy Commendation Medals, two Navy Achievement Medals and the Combat Action Ribbon. He decided to end his military service at this time and moved to Philadelphia to attend busiAVENUES TO AFFORDABILITY

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GLCF VETERANS

ness school, while his wife completed her residency in Wilmington, Delaware. The two of them decided to live stay in Wilmington permanently, where Robert is now a Development Manager for The Buccini/ Pollin Group.

LEIGH MIDDLETON Hailing from the small town of Ovid, Michigan, Leigh Middleton was itching to explore beyond the shores of the Great Lakes. With the drive to explore Leigh joined the United States Army in 2002 as a Diesel Mechanic and soon shipped off to different bases around the world. She lived in Grafenwoehr Germany, Fort Drum, New York, Fort Jackson, South Carolina and the Aberdeen Proving Grounds in Maryland. The greatest adventure that Leigh endured was her deployment to Iraq. While fighting for our country, Leigh witnessed the poverty stricken kids running up and down the road or sitting outside the gate to the base. These children were beg-

28

ging for things that we as Americans take for granted, such as food and clean water.

This had a lasting effect on Leigh and while her husband was later deployed she would send packages for the local kids that would run around where he was stationed. Aside from her warm heart for the children, Leigh learned that it was a strong will, determination and the ability to adapt and overcome that helped her and other soldiers to survive while deployed. After her deployment Leigh transitioned back to society with little difficulty, but there were classes and counseling that were offered for her battles that transitioned differently. Leigh’s military career was one of courage and servitude that made her family proud. Returning home to Ovid with a National Service Medal, a Global War on terrorism Medal, an Overseas Service Ribbon and an ARCOM, Leigh started her family and is now starting her position as an Assistant Closing Coordinator with Great Lakes Capital Fund. With her experi-

ences in the United States Army, Leigh will bring the leadership and adaptability to our illustrious team.

TREY PHILLIPS Trey Phillips enlisted in the Army in March of 2003. He had always entertained the idea of serving in the Military since his father and grandfather had both served.

He was a part of the delayed entry program and was actually enlisted in August of 2003. He conducted basic training in Fort Benning, Georgia and then was assigned to the 101st Airborne Division at Fort Campbell, Kentucky for his first duty station. Upon arrival at Fort Campbell, the base was a ghost town. Everyone had since been deployed to Iraq and were not due back until March. When they did return, Trey had the chance to train with them for a few months. They executed different missions and became qualified for different weapons during this time. Trey also learned to ride in helicopters and repel as part of his Air Assault training. In September of 2004, Trey earned the Expert Infantryman’s Badge, before his deployment to Iraq. He was deployed in September of 2005 for twelve months.

They spent a couple weeks getting situated in Kuwait prior to entering Iraq. His unit was assigned to FOB Warrior adjacent to the northern city of Kirkuk. This area was a melting pot of Sunni, Shiite and Kurdish. The Kurdish had a good relationship with the American soldiers. Trey’s mission was to secure the town of Kirkuk because it was located next to important oil fields. Trey’s unit was similar to heavily armored police, going on individual missions where they would target a specific area, drive their convoy through or patrol on foot. Heat and heavy body armor were as much a constant battle as situ-

GREAT LAKES CAPITAL FUND

ational awareness and tactical preparedness. The area Trey was assigned to was in decent condition compared to other areas of Iraq but still held its share of third world issues. Trey’s unit was fortunate to suffer no casualties throughout the deployment, but civilian casualties were always a concern due to the indiscriminate nature of insurgent attacks. Trey spent two months of his time in Iraq pulling security on an oil field. The area he was in was a former BP oil field that had houses nearby.

After the British left, the area was abandoned. His shifts at the oil field were twelve hours on, twelve off. It was these long stretches of time which ironically gave him a chance to read the book War and Peace.

Trey returned to the U.S. in September 2006. His transition from Iraq was good, he had a great support system of family and friends. Trey was initially given the opportunity to stay on with his company immediately following a month’s leave time, which was great. Upon returning however, he received orders to go to a training company testing military equipment back in Fort Benning, Georgia, the site of his basic training. This was a two and a half year gig. He tested navigation equipment that assisted with weapons as well as robots later used by IED bomb techs. His military service ended on midnight, January 5, 2009 as he signed off of the duty roster. Trey headed straight to Chicago, where the temperature was ten below, a big shock from Fort Benning’s 78 degrees. Trey was awarded multiple medals including the Expert Infantryman’s Badge, the Army Accommodation Medal for serving in Iraq and was recognized for being Air Assault Qualified.

AVENUES TO AFFORDABILITY

Construction & Renovation for Residential, Commercial, Industrial & Multifamily • Affordable Housing • Commercial • Residential • Disaster Restoration

“Your Contractor for Life”

31313 Northwestern Highway, Suite 206 Farmington Hills, MI 48334

p 248-855-3500 • f 248-855-2420

www.gfisherconst.com

29

EVENTS & HAPPENINGS

NEW HIRES & PROMOTIONS

UPCOMING EVENTS

Great Lakes Capital Fund has many exciting events planned for 2015, please save the dates and stay tuned for more information in the New Year!

INDIANA PARTNERS AND AWARDS LUNCHEON Wednesday, February 25, 2015 Crowne Plaza, Indianapolis Downtown Union Station As a thank you to our wonderful partners in Indiana, we will be hosting an awards luncheon to recognize some top individuals in the industry.

UNIVERSITY OF AFFORDABILITY CONFERENCE Tuesday, May 5-Wednesday, May 6, 2015 Blue Chip Casino, Hotel and Spa Michigan City, Indiana This is a full day and a half session, focused on key aspects of the Community Development industry.

For sponsorship or trade show booth information, please contact Kelly Bernero at kbernero@capfund.net.

KRISTY MOORE, ACCOUNTING MANAGER Kristy is responsible for the day-to-day management of a number of the subsidiary cash and accounting ledgers. She is also tasked with ensuring fiscal responsibility for the affairs of these entities, including internal control practices and procedures and reporting to stakeholders. She provides support through sound management and business decisions.

STEPHANIE STOLL, ASSISTANT UNDERWRITER Stephanie assists in underwriting both tax-credit equity and debt transactions.

Prior to joining Great Lakes Capital Fund, Stephanie spent 8 years in the commercial banking industry as a Senior Loan Review Analyst. During her time in the banking industry, she gained in-depth experience in real estate transactions, underwriting and risk management.

DELAWARE EDUCATIONAL DAY Wednesday, May 13, 2015 Dover Downs Hotel & Casino Dover, Delaware This is a free, one-day seminar about Connecting the Dots with Customer Service.

LEIGH MIDDLETON, ASSISTANT CLOSING COORDINATOR In her role as Assistant Closing Coordinator, Leigh works closely with the real estate underwriters and the real estate development team to provide efficient, customer-friendly coordination of services. These services carry real estate investments through the due diligence, closing, and transition processes, while consistently working towards quality improvement.

ELIZABETH BLACKWELL, MARKETING SPECIALIST Elizabeth, in her role as part-time Marketing Specialist, is responsible for assisting in the day-to-day marketing functions, event planning and updates to the GLCF website. She is currently a senior at Michigan State University, pursuing a Bachelor of Arts Degree in Marketing.

OVER 20 YEARS EXPERIENCE IN ALL PHASES OF AFFORDABLE HOUSING • Audits • Cost Certifications Mt. Pleasant & Midland Michigan

• LP Tax Returns • Mortgage Certifications

Phone 989.772.4673 | Fax 989.772.6371 | Email jbourland@bbcpapc.com 30

GREAT LAKES CAPITAL FUND

DAVID HELM, ASSET MANAGER David Helm will support Great Lakes Capital Fund as an Asset Manager in the Indianapolis office.

Previously, David was the President of Dayspring Real Estate Services. He has over 30 years of experience in the real estate industry, working on commercial and master planned community development projects, and as a property and asset manager.

KATHERINE ADKINS, UNDERWRITER Katie will be responsible for analyzing equity investments to ensure that the proposed investment is sound. This includes assessing the viability of various real estate projects and the financial strength and capacity of the associated development team, borrowers and guarantors. Katie brings eleven years of experience in the commercial banking industry to the Great Lakes Capital Fund team, with specific experience in commercial credit analysis, portfolio management, commercial lending and loan review.

ADAM BACZKIEWICZ, UNDERWRITING ASSISTANT Adam will support the originations functions for debt and equity products in his new role as Underwriting Assistant at Great Lakes Capital Fund. His past experience includes working as a Mortgage Servicer for Habitat of Michigan Fund and as a Financial Consultant with Hantz Financial.

Karl L. Gotting Kenneth W. Beall Michael G. Oliva Michael H. Rhodes Jeffrey L . Green Kevin J. Roragen Richard W. Pennings Ted S. Rozeboom Tracey L . Lackman Michael G. Stefanko Elizabeth Husa Briggs

OVER 40 YEARS OF EXPERIENCE IN AFFORABLE HOUSING Representing developers and syndicators before the Michigan State Housing Development Authority, U.S. Department of Housing and Urban Development, Rural Housing and municipalities, and with private lenders. Including:

124 W. Allegan, Suite 700 Lansing, Michigan 48933 Phone 517.482.2400 www.loomislaw.com

AVENUES TO AFFORDABILITY

LIHTC, historic and new markets tax credits.

31

EVENTS & HAPPENINGS

CHRIS JILLINGS, ASSET MANAGER As an Asset Manager in the Madison, Wisconsin office, Chris will focus on potential development projects. Chris spent the first nine years of his professional career with a prominent industrial consulting firm where he provided valuation and advisory services worldwide supporting over $1 Billion in transactions. Prior to joining Great Lakes Capital Fund, Chris worked in both credit and commercial lending functions at a regional commercial bank where he managed and developed a substantial commercial real estate loan portfolio.

BETO SANCHEZ, DEBT UNDERWRITER In his role as Debt Underwriter in the Chicago office, Beto will be responsible for underwriting loans for multifamily affordable housing developments.

This includes loans for pre-development, acquisition, and forward or immediate funding. Beto has over 15 years of experience in real estate and financial industries, including previous positions with the Chicago Title Insurance Company and the Illinois Housing Development Authority (IHDA).

CHRIS LAURENT, ORIGINATOR Chris, in his role as Originator in the Madison, Wisconsin office is responsible for creating new and maintaining existing client relationships throughout the Upper Midwest. Before joining Great Lakes Capital Fund, Chris ran a consulting busi32

ness with non-profit and for-profit clients in the affordable and market rate residential sectors. Chris has many years of experience in the community development industry, including previous roles with the National Council of State Housing Agencies in Washington, D.C. and the Wisconsin Housing and Economic Development Authority (WHEDA).

KEITH BROADNAX, SENIOR VICE PRESIDENT In his expanded role with GLCF, Keith Broadnax will continue originations in and around the State of Indiana, both in the equity and lending markets. Keith has been with GLCF since 2002 and led the efforts to establish the Fund’s operations and presence in the State of Wisconsin, where GLCF expanded in 2007. Keith oversees equity investments through the Low-Income Housing Tax Credit program and originates multi-family loans to provide affordable housing to low and moderate-income families.

MARGE NOVAK, EXECUTIVE VICE PRESIDENT In her new role, Marge will be responsible for all capital raising, and will serve as a member of the Executive Team and Finance Committee for Operations.

JIM PEFFLEY, EXECUTIVE VICE PRESIDENT Jim leads the Delaware office and will give guidance to our lending operations, oversight of the DCIC footprint, and will serve as a member of

the Executive Team and Finance Committee for Operations.

KATEY FORTH, PRESIDENT, CAPITAL FUND SERVICES Katey is responsible for managing Capital Fund Services, with support from Jim Peffley. She will continue as a member of the Management Team and Finance Committee.

TOM CALDWELL, SENIOR FINANCIAL ANALYST IN UNDERWRITING In his expanded role, Tom will lead the Underwriting team in equity transactions.

CRAIN’S COOL PLACES TO WORK AWARD Crain’s Cool Places to Work in Michigan list came out recently, and Great Lakes Capital Fund made it’s second debut on the prestigious list of companies, ranking 6 places higher than the last time. Reasons employees voted CapFund to receive this top honor include paid cell phone and wireless services for personal use; paid time to volunteer; birthday/baby/wedding shower social hours monthly for employees, and more!

GREAT LAKES CAPITAL FUND

GLCF SUPPORTS LANSING MLK CELEBRATION On January 19, 2015, Dr. Martin Luther King, Jr. Day, Great Lakes Capital Fund was honored to be a sponsor of greater Lansing’s Annual MLK Holiday Celebration and Luncheon.

GLCF’s contribution supports (1) $5,000 scholarship and (3) $2,500 scholarships, plus $8,000 in the general Commission programming which includes Music of the Dream, a unique gospel experience celebrating the Civil Rights Movement through song.

The following college scholarship winners wrote their essay on the 2015 theme: “The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.”

• $2,500 Finalist: Brianna Henderson, Waverly High School, Waverly, Michigan • $2,500 Finalist: Tristian Walker, Everett High School, Lansing, Michigan • $2,500 Finalist: Sarah Bland, Dewitt High School, Dewitt, Michigan

• $5,000 Winner: Deontay Walker, Bath High School, Bath, Michigan GLCF is honored to congratulate these winners and courageous leaders as they follow in the footsteps of Dr. King in how they embrace challenge, controversy, and indeed, hope.

CRESTON PLAZA PHASE I&II Grand Rapids, Michigan Family Housing/New Construction | 50 units TDC (Phase I): $13.1M | GLCF Equity (Phase I): $12.6M TDC (Phase II): $10.2M | GLCF Equity (Phase II): $9M

GLCF EQUITY TRANSACTION CLOSINGS BEECH GROVE SENIOR Beech Grove, Indiana Senior Housing | 60 units TDC: $9M | GLCF Equity: $8.3M

CANAL COMMONS Delphi, Indiana Senior Housing/Rehab + New Construction | 44 units TDC: $7.3M | GLCF Equity: $$6.2M

STONECUTTERS PLACE Bedford, Indiana Family/Senior Housing/Rehab + New Construction | 30 units TDC: $8M | GLCF Equity: $7.8M

HISTORIC JENNINGS APARTMENTS New Castle, Indiana Family Housing Rehab/Historic Preservation | 20 units TDC: $4.1M | GLCF Equity: $3.7M COMMONS AT PENN Minneapolis, Minnesota Multifamily Housing/New Construction | 47 units TDC: $10.6M | GLCF Equity: $4.1M

LINCOLN APARTMENTS CHRISTMAS DINNER THE RESIDENTS AND STAFF AT LINCOLN APARTMENTS IN INDIANAPOLIS, INDIANA CAME TOGETHER TO CELEBRATE THE HOLIDAYS WITH A COMMUNITY DINNER. A LOCAL KROGER EMPLOYEE GRACIOUSLY DONATED SIX TURKEYS AND A HAM TO THE LINCOLN APARTMENTS TO MAKE THE DINNER POSSIBLE. THIS DINNER WAS A GREAT OPPORTUNITY FOR THE VETERAN RESIDENTS TO CONNECT AND SOCIALIZE, AS WELL AS SPREAD SOME HOLIDAY CHEER!

AVENUES TO AFFORDABILITY

33

EVENTS & HAPPENINGS

COLONY AND FISHER ARMS Detroit, Michigan Multifamily Housing/Historic Rehabilitation | 161 units TDC: $24.4M | GLCF Equity: $18.1M

GLCF NP Corp. sourced a 5-year permanent loan in Southside Chicago.

Loan Amount: $420,000 Number of Units Financed: 6 units of workforce multifamily Housing

CFIC has closed a forward permanent loan in Grand Rapids, Michigan.

Loan Amount: $1.18M Number of Units Financed: 50 units of multifamily housing

THE LONOKE Minneapolis, Minnesota Multifamily Housing/Rehabilitation | 19 units TDC: $3.2M | GLCF Equity: $2M

GLCF NP Corp. sourced a 5-year permanent loan in Chicago’s Northern suburbs.

Loan Amount: $1.4M Number of Units Financed: 4 workforce multifamily buildings

CFIC has closed a forward permanent loan in Grand Rapids, Michigan.

Loan Amount: $1.15M Number of Units Financed: 50 units of multifamily housing

MARKET STREET VILLAGE Wilmington, Delaware Multifamily Housing/Historic Rehabilitation TDC: $27M | GLCF Equity: $9M

CFIC closed and funded on the permanent first mortgage in Sister Bay, Wisconsin.

Loan Amount: $488,000 Number of Units Financed: 24 units of multifamily housing

CFS has closed and funded an acquisition loan in Niles, Michigan.

Loan Amount: $1.52M Number of Units Financed: 80 units of multifamily housing

HOUGHTON CREEK Rose City, Michigan Senior Housing/Rehabilitation | 16 units TDC: $1.4M | GLCF Equity: $997,000 RIVERSIDE MANOR Au Gres, Michigan Multifamily Housing/Rehabilitation | 32 units TDC: $ 2.6M | GLCF Equity: $1.8M CENTRAL PARK TOWERS Elgin, Illinois Senior Housing/Rehabilitation | 164 units TDC: $33.4M | GLCF Equity: $14.4M TEITEL APARTMENTS Oak Park, Michigan Senior Housing/Rehabilitation | 150 units TDC: $17.7M | GLCF Equity: $10.4M GLCF LENDING TRANSACTIONS Capital Fund Investment Corporation (CFIC) closed a forward permanent loan in Oshkosh, Wisconsin.

Loan Amount: $1.1M Number of Units Financed: 54 units of multifamily housing

34

CFIC Corporation has closed a forward permanent mortgage loan commitment on a HUD RAD conversion in Ann Arbor, Michigan Loan Amount: $500,000 Number of Units Financed: 116 units of multifamily housing CFIC has closed a forward permanent mortgage loan commitment on a HUD RAD conversion of Ann Arbor, Michigan.

Loan Amount: $1.6M Number of Units Financed: 135 units of multifamily housing CFIC has closed a forward permanent loan commitment in New Richmond, Wisconsin Loan Amount: $1.55M Number of Units Financed: 52 units of multifamily housing

DEVELOP MICHIGAN, INC. (DMI) TRANSACTIONS Develop Michigan Real Estate Fund (“DMIRF”) closed on a $5.6M permanent first mortgage loan on a mixed use commercial and retail development in Detroit, Wayne County, Michigan.

DMIRF has closed and funded on a $1.5M permanent first mortgage loan on a mixed use commercial and retail development in Royal Oak, Michigan.

DMIRF has closed and funded on a $1.5M permanent first mortgage loan on an older light industrial building in Royal Oak, Oakland County, Michigan which will be renovated to mixed use commercial/retail space including a brewery with tasting room.

CFIC has closed a forward permanent loan commitment in Odessa, Texas Loan Amount: $2.5M Number of Units Financed: 68 units of multifamily housing

GREAT LAKES CAPITAL FUND

Promises Made, Promises Kept.

Syndicators and lenders will attest to our rock solid reputation.

For more information, contact our administrator at 248.833.0550

CEO’S MESSAGE

SERVE THOSE WHO SERVED (CONTINUED FROM PAGE 5)

• 70% of homeless veterans suffer from substance abuse, while 50% experience mental health issues such as post-traumatic stress disorder (PTSD), which makes it harder to maintain relationships and hold down a job.

National Coalition for Homeless Veterans.

“Background and Statistics - FAQ on Homeless Veterans

• The unemployment rate of post9/11 veterans (aka “Gulf Warera II veterans”) is 6.2%.

U.S. Department of Labor - Bureau of Labor Statistics. “Economic News Release - Table A-5. Employment status of the civilian population 18 years and over by veteran status, period of service, and sex, not seasonally adjusted

• 3 states are home to more than a million veterans: California (1.8 million), Florida (1.5 million), and Texas (1.7 million)

Service-Connected Disabled Veterans In Millions

Veteran Population In Millions

VETERAN QUICK FACTS

Fast forward 12 years to 2005. I received the flag in honor of our veterans. a call from two colleagues, Mitch Milner In my career, I’ve always wanted to do and Joe Caringella. They informed me of something to honor and serve those who the work they were doing with the VA and have served our country. In 1991, I was homeless veteran housing. asked by Vietnam Veterans Chapter 9 of The VA had just announced a demonDetroit and the Michigan Veterans Founstration program to promote the developdation to help them redevelop the Eddysment of housing to serve homeless vets. tone Hotel in Detroit to serve homeless Mitch and Joe asked if I had any ideas of veterans. We worked hard for 18 months, where we could locate one in Michigan. I purchasing the building and securing a develop service plan.

Veterans With a Service-Connected Disability However, the idea and # Veterans # SC Disabled Veterans 31.0 4.0 concept was way ahead 29.0 of its time. The Veterans 3.5 27.0 Administration myriad of 25.0 bureaucratic and philo3.0 23.0 sophical systems, coupled 2.5 21.0 with state government not 19.0 having a “box for it to fit 2.0 17.0 into” killed the project. I 15.0 1.5 felt that I had failed these Fiscal Year veterans. I never forgot that feeling and hoped Source: Department of Veterans Affairs, Veterans Benefits Administration Annual Benefits Reports, 1986-2013; Office of Policy & Planning, Office of the Actuary, Veteran Population Projection Model (VetPop), 2007 and 2011.

4 someday to make up for it. Prepared by the National Center for Veterans Analysis and Statistics.

´

Veteran Population by State: Fiscal Year 2014

U.S. Department of Veterans Affairs. “National Center for Veterans Analysis and Statistics Veteran Population.

WA

MT

ME

ND MN

OR

VT

• PTSD and/or a mood disorder afflicted 63% of male homeless veterans and 77% of female homeless veterans. Of these, more than 90% of men and 75% of women suffered from combat-related PTSD. “Homeless [Iraq and Afghanistan veterans] have substantially higher rates of PTSD...compared to previous cohorts of homeless veterans and non-veterans in which only 8-12% had PTSD.”

NH

WI

ID

SD

NY

MI

MA

WY

CT

IA

RI

PA

NJ

NE

NV

OH IL

UT

CA

MD

IN WV

CO KS

DE DC

VA

MO

KY

NC

TN OK

AZ

AR

NM

SC

MS

TX

AL

GA

LA

31 Alaska

10

,1 66 -1 0, 00 00 ,0 1 00 -2 20 00 0, 00 ,0 00 1 -3 35 50 0, 00 ,0 00 1 -6 65 50 0, 00 ,0 00 95 1 0, 00 9 5 0 1 - 1 ,00 0 ,7 95 ,4 55

FL

Hawaii

Source: Department of Veterans Affairs, Office of the Actuary, Veteran Population Projection Model (VetPop), 2011 as of 9/30/2013

36

Puerto Rico Prepared by the National Center for Veterans Analysis and Statistics

GREAT LAKES CAPITAL FUND

think I shocked them with my emotional response as I recounted my previous failure and my desire to make it right, telling them that we weren’t going to do just one, but two housing locations: Detroit and Battle Creek at the Fort Custer VA Hospital grounds. I wanted to honor my grandfather in some way as he spent the last two years of his life at the VA hospital located at that former camp that prepared him to go to war back in 1917. GLCF approached two partners, Marv Veltcamp, Medallion Management and John Van Camp, Southwest Housing and asked them to take on the development roles to deliver these much needed communities. They agreed and today we have 220 units in Battle Creek called Silver Star and 150 units in Detroit called Piquette Square. This led us, through an affiliate, to develop 75 units in Indianapolis called Lincoln Apartments and we are currently in the predevelopment phase for 45 units in Marion, Indiana.

The VA and state housing agencies have come a long way since Eddystone in supporting and promoting the development efforts to provide affordable housing and support services to homeless veterans.

However, I believe they still have a long way to go to make these developments available on a wider range, with the necessary support services needed to serve the needs of the residents. This is not a development model for everyone to undertake. It is not a fad to pursue to gain points under a state’s QAP. To do this work, you must have a passion and commitment to serve those who have served us.

I hope you find this issue enlightening and that it stirs you to find ways to serve those who have served. You will read about the veterans who work for the Fund and learn more about the Veterans Administration. The staff at the Fund pays honor to our veterans every day. We are here to serve.

AVENUES TO AFFORDABILITY

What Kind of Lender are You

LooKing for?

• Trusting relationships • Supportive in good/bad times • Professionals of excellence

For over 20 years we have based our business on integrity, competence, and results.

You need not go anywhere else!

Capital Fund SERVICES is a CDFI full service lender

• Permanent Fixed Rate Long Term Debt for Acquisition • Refinancing & Resyndication • Proprietary Correspondent Lending (18 and 30 year terms) • Fannie Mae (5,7,10,18 and 30 year terms) • FHA Lending • Pre-Development Lending

www.capfund.net 877. FOR . GLCF

For more information, please contact: Katey Forth 517.364.8909 | kforth@capfund.net Paul DeKruiff 312.371.3125 | pdekruiff@capfund.net

37

ADVERTISER INDEX Associated Management Company...........................................17

Medallion Management, Inc.....................................................15

Blystone & Bailey.....................................................................30

MHT Housing, Inc...................................................................35

Chesapeake Community Advisors, Inc.....................................15

Michigan State Housing Development Authority......................40

Clark Hill.................................................................................12

O’Brien Construction Company, Inc.........................................39

Community Economic Development Association of Michigan......15

Occupancy Solutions................................................................25

Dauby O’Conner & Zaleski......................................................19

Plante Moran............................................................................21

Fourmidable.............................................................................13

PM Environmental...................................................................11

G. Fisher Construction.............................................................29

Property Management Association of Michigan........................38

Ginosko Development Company................................................4

Rohde Construction...................................................................2

KMG Prestige...........................................................................17

Vogt Santer Insights..................................................................21

Loomis, Ewert, Parsley, Davis & Gotting, P.C............................31

West Construction......................................................................9

Love Funding...........................................................................26

Wolverine Building Group........................................................10

McCartney & Company, P.C.....................................................10

You work with this...

Enhancing the Professional Apartment Industry Proud Partner of GLCF

...and we work with you!

Owners • Developers • Managers 38

JOin tODay! Call 616.531.5243 or visit pmamhq.com.

GREAT LAKES CAPITAL FUND

Great Lakes Capital Fund 1118 S. Washington Avenue Lansing, MI 48910 www.capfund.net

We assist in home ownership, affordable housing, urban renewal, and the fight against homelessness to create vibrant neighborhoods in a thriving state.

AffordAble rentAl Housing

HomeoWnersHip And Home improvement

Homelessness And supportive Housing

Communities, neigHborHoods And doWntoWn revitAlizAtion

Equal Housing Employer/Lender

MSHDA 7-5 x 4-75_color ad.indd 1

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