Mercantile Community Partners
Mercantile Community Partners (MCP) provides financial solutions to support community development and the growing need for affordable housing. As a wholly owned subsidiary of Mercantile Bank Corporation, MCP provides the expertise to expand our commitment to further enrich the communities we serve. Our team empowers communities by working together to navigate each step in the financing process.
Highlights
- "One-stop-shop" for lending and tax credit investment
- A team that's relationship and community-driven
- We are experts at connecting affordable housing developers with financing tools and incentives
- Our solutions provide a direct investment into community development projects on behalf of Mercantile Bank Corporation
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Products
- Acquisition and pre-development loans*
- Construction financing*
- Investment in Low-Income Housing Tax Credits (LIHTCs)
- Investment in Historic Tax Credits (HTCs)
- Access to Federal Home Loan Bank of Indianapolis Affordable Housing Program Grant (AHP)*
*Acquisition and development loans, construction financing and access to Federal Home Loan Bank of Indianapolis Affordable Housing Program provided through Mercantile Bank.
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