The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) awarded Marcus Rankins, Vice President of Asset Development at Metro Community Development, with the 2021 Community Spirit Award. The annual Community Spirit Award honors individuals who show an outstanding dedication to affordable housing and community economic development.
“We’re excited to present this year’s Community Spirit Award for Michigan to a community development champion in Flint,” said MaryBeth Wott, Community Investment and Underwriting/Credit Operations Officer at FHLBank Indianapolis. “Marcus and Metro Community Development have been valuable partners and have utilized our Homeownership Initiatives programs to great effect. In three years, Marcus and the Metro Community Development team have distributed more than $1 million in funding to repair homes and make them more accessible for members of the Flint community.”
In his role at Metro Community Development, Rankins oversees the small business lending, homebuyer readiness, financial counseling and homeowner grant programs. He has worked closely with FHLBank Indianapolis to secure funding to help fund Metro Community Development’s small business loan fund. This loan fund has resulted in over $4 million in loans to new and expanding businesses and created or retained more than 200 jobs.
“Marcus Rankins is a true community advocate,” said Brian Glowiak, CEO of Metro Community Development. “His work exemplifies the important role our organization plays within the community, and we are proud that Marcus’ talent for leveraging resources to assist both families and small businesses is being recognized.”
An active member of the community, Marcus works with a wide variety of organizations in and around Flint, Mich., to help entrepreneurs realize their dreams of opening or growing their businesses. Although there are many resources available, entrepreneurs often struggle to decide who to work with and how to get started. Rankins acknowledged the need for a streamlined entry into the entrepreneurial ecosystem in Flint and dedicates a significant amount of time and staff resources to develop a more efficient workforce with Metro Community Development’s partners.
In addition to his support of small businesses in Flint, Rankins also strengthened the homeownership program at Metro Community Development, helping more families become homeowners. “His leadership and drive to see the communities we serve thrive, build wealth, and generate economic revitalization is inspiring,” said Tiffany Bernethy, Rankins’ coworker and a loan officer at Metro Community Development. “He leads by example and people joyfully follow.”
Outside of Metro Community Development, Marcus continues his community involvement and support as a girls’ basketball coach and a volunteer for a variety of youth sports.
In recognition of the award, FHLBank Indianapolis will donate $2,500 to the nonprofit organization of Rankins’ choice.