The $14.5 million acquisition of 177 homes in the Grand Rapids and Lansing areas required a “leap of faith” from Ryan VerWys and his team at the Inner City Christian Federation (ICCF).

VerWys, the president and CEO of the Grand Rapids-based nonprofit housing and community development organization, other staffers and numerous philanthropic partners spent much of last summer and fall completing due diligence work for the acquisition of the homes. 

Their goal: returning the properties to local ownership. 

“I feel like any time you grow as an organization, you’ve got capacity challenges,” VerWys said, noting that the acquisition roughly doubled ICCF’s rental property portfolio.