Marcus Rankins of Metro Community Development Receives the FHLBank Indianapolis 2021 Community Spirit Award
Marcus Rankins, vice president of asset development at Metro Community Development, is the recipient of the 2021 Community Spirit Award for Michigan. He was awarded the FHLBank Indianapolis 2021 Community Spirit Award, which recognizes an outstanding individual who makes a difference in Indiana and Michigan. The Federal Home Loan Banks – FHLBanks is a network of 11 regional banks, about 6,800 member financial institutions, and the System’s fiscal agent, the Office of Finance. Each FHLBank is a separate, government-chartered, member-owned corporation. According to their official site, the steady supply of lendable funds from FHLBanks helps U.S. lenders invest in local needs including housing, jobs, and economic growth.
“Marcus and Metro Community Development have been valuable partners and have utilized our Homeownership Initiatives programs to great effect,” MaryBeth Wott, community investment and underwriting/credit operations officer at FHLBank Indianapolis, said in a joint news release with Metro Community Development and the Federal Home Loan Bank of Indianapolis.
“Marcus Rankins is a true community advocate,” Metro Community Development CEO Brian Glowick said in the news release. “His work exemplifies the important role our organization plays within the community and we are proud to recognize Marcus’ talent for leveraging resources to help both families and small businesses. Metro Community Development is a community development financial institution, dedicated to fostering community development and creating economic opportunities for individuals and businesses.
He administered the distribution of more than $1 million of home repair grant funding through their Neighborhood Improvement Program, providing up to $7,500.00 per household for essential repairs and the Accessibility Modification program, providing up to $10,000.00 to low-income senior or handicapped homeowners during a three-year period. Additionally, over the previous three years, Rankins administered more than $4 million in loans to new and expanding businesses in Flint and Genesee County, which directly created or retained more than 200 jobs, per the release.
“When we get a client for a small business that’s interested in either starting their business or expanding it, or anything of that nature we’re able to kind of walk alongside them and really give them some guidance and some advice from a professional perspective as well as connect them with industry professionals,” Rankins said.