Arlington, VA (August 21, 2025) Rochdale Capital, a community development loan fund dedicated to promoting cooperative and community ownership and providing capital access in low-wealth communities, is proud to announce—in partnership with Local Enterprise Assistance Fund (LEAF), a fellow Community Development Financial Institution (CDFI)—its participation in the closing of a $137,500 term loan to the Michigan Community Land Cooperative (MCLC). The loan finances the acquisition of the Atlantis House, a 15-bedroom property located in Grand Rapids, Michigan.
The Atlantis House provides deeply affordable housing and a communal lifestyle for its residents. Formed by leaders in the housing cooperative community, MCLC is a collaborative initiative designed to address housing-related challenges and strengthen small cooperatives across Michigan. Its founding members include leaders from Ann Arbor, East Lansing, and other cities throughout the state.
“We are proud to work alongside LEAF in supporting MCLC’s vision for sustainable and cooperative housing,” said John Holdsclaw IV, President and CEO of Rochdale Capital. “Together, we look forward to MCLC’s continued efforts to strengthen small cooperatives across Michigan and ensure access to quality, affordable housing.”
