Algoma Housing Authority Receives Grant From Nicolet Bank

 In Community, Member News

The Algoma Housing Authority (AHA) and Grand View Terrace Apartments, a HUD-subsidized Public Housing Authority in Algoma announced they are receiving a $50,000 grant from Nicolet Bank to complete their window replacement project.  Previous HUD grants allowed them to complete only half of the project.

While working with Nicolet National Bank on a Federal Home Loan Bank grant application, Nicolet offered Algoma Housing Authority a chance for a direct grant to assist on the project.  AHA was awarded the direct grant and the project is scheduled to begin this spring.

Of working with Nicolet Bank, Algoma Housing Authority Executive Director Michael R. Krienke said: “Due to Nicolet Bank’s generous support we are now able to complete all the necessary exterior building updates.  Grand View Terrace will meet our mission of providing safe, quality and affordable housing for years to come.  Brenda Stoller (Nicolet Bank, Algoma) and Chelsea Gay (Nicolet Bank, Green Bay) are great to work with and have been instrumental in helping us secure this grant.  We truly appreciate their support.”



To recap the project:

  • Nicolet National Bank Grant in the Amount of $50,000
  • Project start date: Spring of 2019
  • Scope: Window replacement and spandrel panel reconstruction.
  • Purpose: Seal building and prevent damage from water infiltration.
  • Schedule: Complete by summer of 2019.

“It has been a pleasure to partner with Algoma Housing Authority to make life better for the people in our community. At Nicolet Bank our purpose is to serve, and we believe strongly in our community. Grandview Terrace matters to the people of Algoma and we were happy to partner with Algoma Housing Authority so they can continue to provide housing for elderly, handicapped and low-income residents.” said Brenda Stoller, Branch Manager-Retail Lender, Nicolet Bank. “I am proud to be an employee of Nicolet Bank and to be part of something so special has been very rewarding.

About the Algoma Housing Authority (AHA) and Grand View Terrace Apartments: Algoma Housing Authority (AHA) and Grand View Terrace Apartments is a HUD-subsidized Public Housing Authority located at 145 Grandview Court in Algoma.  They serve a broad range of people in need by providing housing for Elderly, handicapped and low-income residents.

About Nicolet Bank: Nicolet National Bank opened in November of 2000 as Green Bay’s newest community bank. Nicolet National is dedicated to fostering the continued growth of Green Bay and the surrounding communities through a diverse array of products and services. Nicolet National’s staff of experienced commercial and retail bankers is committed to understanding the financial needs of you and your business. By offering competitive solutions in commercial lending, private banking and retail banking, Nicolet National is devoted to helping businesses and individuals achieve their financial goals. Source: Nicolet National Bank LinkedIn profile, Retrieved March 7, 2019. For more information:

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David Daul2019 Best of the Bay