GRAND RAPIDS, MI – Kent County Administrator Al Vanderberg is calling on more community partners to invest in an affordable housing loan fund that has helped develop more than 400 housing units since it launched two years ago .

Vanderberg touted the success of the county’s $58 million revolving loan fund, designed to incentivize affordable housing development, during Kent County’s annual State of the County address Tuesday, Sept. 23.

Speaking to a crowd of more than 100 regional stakeholders, Vanderberg called for more investment into the fund, which he said offers “critical support to developers at a time when high interest rates and inflation have made housing projects more difficult to finance.”

“Demand for affordable housing continues to outpace supply, and developers need access

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