In The News

Preservation of Affordable Housing (POAH) and Mercy Loan Fund (MLF) have partnered to preserve Central Annex / Union Court Apartments, a 101-unit affordable housing development for the elderly and those with special needs in Pittsfield, Massachusetts. A $2.4 million loan from MLF will allow POAH to maintain the physical asset of the property and ensure

Mercy Housing’s sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. “In the current economic environment, it’s important our donors trust that we’re using our funding wisely to accomplish our mission of providing program-enriched affordable housing for families and individuals,”

by Eva Wingren, Mercy Housing Policy Associate From the proposed short-funding of Project Based Section 8 to the fiscal cliff, it’s been a scary year for affordable housing. There were some 11th hour victories, such as the extension of the New Markets Tax Credit and the 9% fixed rate for the Housing Credit. However, I

U.S. Bank, Mercy Housing California, and New Directions have closed on a financing package that paves the way for El Monte Veterans Housing, a $12.8 million affordable housing development aimed at supporting returning veterans in Los Angeles County who might otherwise be homeless. Construction starts this month with completion expected in March 2014. El Monte

Although the markets are beginning to recover, the economic crash devastated families and neighborhoods throughout the region.  For those who were most affected, recovery remains difficult.  Thanks to many philanthropic and project partners, however, there is hope.  In the first three years of the Moving Forward Together campaign, Mercy Housing has built or preserved 1,583

The City of Auburn, Sisters of Mercy and Mercy Housing California Break Ground on LEED Certified Senior Housing Mercy Housing California broke ground on Mercy Auburn Senior Community on approximately three acres of the Sisters of Mercy West Midwest Auburn campus. Mercy Auburn will feature 60 one-bedroom apartments for low-income seniors in Auburn. The campus

In November, residents of Wilmington’s New Dana Strand celebrated the successful transformation of the community with key partners, the Los Angeles Police Department (LAPD) and Mercy Housing California (MHC). MHC received an award of $20,000 from the Local Initiatives Support Corporation (LISC) and MetLife Foundation Community-Police Partnership for the revitalization of New Dana Strand. The

Thanks to many philanthropic and project partners, Mercy Housing Lakefront and Mercy Portfolio Services built or preserved 1,583 affordable homes, sustained 3,564 jobs, and helped 3,891 people to live in hope over the past three years. With your continuing help, we will ultimately fulfill the ten-year goals of the Moving Forward Together campaign to build

SAN FRANCISCO, CA — Mercy Housing California with the Institute on Aging and the San Francisco Department of Public Health were selected to partner in a national initiative to create strategies that improve quality of life for senior residents while producing cost savings to the health and long-term care systems. Developed by LeadingAge and Enterprise Community

CHICAGO — With almost $1 million in philanthropic support over the past twelve months, 180° Properties expands property preservation services throughout the Lake Michigan region, including Gary, Chicago, and Milwaukee. With this expansion, 180° Properties has now created 49 jobs and has completed 24,982 work orders to protect and maintain 5,970 homes throughout the region. The