ChoiceOne Bank Awards Fresh Coast Alliance with $1 Million Grant In Partnership with the Federal Home Loan Bank of Indianapolis

Core Points - ChoiceOne Financial Services, Inc. and ChoiceOne Bank have awarded a $1 million Affordable Housing Program grant to Fresh Coast Alliance in partnership with the Federal Home Loan Bank of Indianapolis [1][2] - The grant will fund renovations to four of Fresh Coast Alliance's five sober living homes, increasing housing capacity by 10 percent and providing additional beds for individuals in recovery [2][3] - The partnership emphasizes the importance of affordable housing in community stability and public health, reflecting a commitment to support individuals reentering society after incarceration or addiction [3][4] Company Information - ChoiceOne Financial Services, Inc. is a financial holding company based in Sparta, Michigan, with assets exceeding $4.3 billion and operates 54 offices across Michigan [8] - Fresh Coast Alliance collaborates with over 30 agencies and provides holistic programming, including safe and sober housing, and is one of the few providers in the county accepting Medicaid for substance use disorder treatment [6] - The Federal Home Loan Bank of Indianapolis is a government-sponsored enterprise that provides low-cost funding solutions to member financial institutions, focusing on housing and small business needs [5]