United Bank & Trust Blog

You worked hard- put as much as possible aside for retirement. During your working years you shifted your 401(K) or other retirement savings into overdrive; and you’re able to retire on the very day you had planned. Congratulations! Your efforts have paid off, and you can plan your days doing whatever you want. Hold up! Your work is not done yet.

Your retirement fund did not grow because of wishful thinking or good intentions. Nor will the transition of your wealth magically transfer to your beneficiaries. You achieved your pre-retirement nest egg by having a plan and sticking to it. So, you must be thinking, “what’s next?” (more…)

We are excited to announce that United and the Washtenaw County Office of Community Development (OCD) are partnering to join the Federal Home Loan Bank of Indianapolis (FHLBI) Neighborhood Impact Program (NIP).

This program provides rehabilitation assistance to homeowners with household incomes at or below 80% of area median income. NIP will match funds from the County to increase a homeowner’s total resources to rehabilitate a home. In order for Washtenaw County to take advantage of this program they needed to have a FHLBI member sponsor the program and they asked United.

This will provide important benefits to low income homeowners in our community.

• FHLBI will provide up to $10,000/household with a 3:1 match. This will be provided by the OCD. The OCD plans to request approximately $300,000, which together with the County match; will help over 30 – 40 low income households in Washtenaw County live in safe and sanitary housing.

• OCD has administered a homeowner rehabilitation program for over 40 years. During the past two years they have responded to 29 emergencies (furnaces, leaky roofs, sewer back-ups), and completed 114 full rehabs for an average cost of $17,053. There are currently 31 people on the waiting list. The downturn in the economy has hit local homeowners hard, and the demand for Community Development funds has increased tremendously.

For more information on how to qualify or to participate in this program please contact:

Darnishous Ingram
Intake Specialist
The Office of Community Development – Washtenaw County
110 N. Fourth Ave, Suite 300
P.O. Box 8645 Ann Arbor, MI 48107
Phone: 734.622.9036
Email: ingramd@ewashtenaw.org

This program is another great example of United’s Commitment to our Communities.