MIDLAND, MI — A collaborative effort between Dow Credit Union and local Habitat for Humanity chapters has secured nearly $195,000 in critical home repair funding for 15 homeowners across Midland and Saginaw counties.
The funds come from the Federal Home Loan Bank of Indianapolis Revive Home Repair Program, which provides up to $15,000 per household for essential repairs for low- to moderate-income homeowners, organizers say. The program, formerly known as the Neighborhood Impact Program, helps address deteriorating conditions to ensure homes remain safe and livable.
“For over five years, Dow Credit Union has participated in this program, and the results speak volumes about how the power of collaboration multiplies good,” Michael Goad, chief executive officer of Midland-based Dow Credit Union, said in a statement. “We’re especially proud to see the program grow — securing nearly $200,000 this year — and expanding support from just Midland County to include both Midland and Saginaw counties.”
This marks the first year Saginaw-Shiawassee Habitat for Humanity partnered with Dow Credit Union on the initiative.
Abbegail Stemple, executive director of Saginaw-Shiawassee Habitat for Humanity, in a statement said the partnership demonstrates “the powerful impact that shared values and community investment can make.”
With support from Federal Home Loan Bank of Indianapolis Revive Home Repair Program, the partnership allowed the initiative to serve four additional families with critical home repair projects that “would not have been possible otherwise,” Stemple said.
The scope of work includes essential repairs such as roofs, insulation, gutters, doors, water heaters, furnaces, and windows.
“These improvements directly address health, safety, and livability concerns,” Stemple said, “allowing families to remain in the homes they love, in a safer and more stable environment.”
Under the Federal Home Loan Bank Act, institutions such as the Federal Home Loan Bank of Indianapolis Revive Home Repair Program must help “meet the credit needs of communities in which they do business,” organizers say. The Federal Home Loan Bank of Indianapolis Revive Home Repair Program works through local member institutions, such as Dow Credit Union, to identify qualified homeowners and coordinate support within communities.
“Dow Credit Union continues to play a vital role in helping connect qualified homeowners with these essential grants,” Kris Brozzo, mortgage sales manager at Dow Credit Union, said in a statement. “In every county and community, there are homeowners with tight household budgets doing their best to hold things together. It is an honor to give our time and talent to support such a wonderful cause.”
For many recipients, the grant funding makes the difference between living in a home that’s safe and functional or one that poses daily challenges, organizers say. Critical repairs restore structural integrity and extend the life of homes and preserve equity for families who might not otherwise have access to affordable financing.
“Through ongoing collaboration with organizations like Habitat for Humanity, the credit union is helping create stronger foundations — literally and figuratively — for the people it serves,” Goad said.
Generative AI was used to organize information for this story, based on information provided by Dow Credit Union. It was reviewed and edited by MLive staff.
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