In The News

Religious women honored for community development leadership (DENVER, CO) — Two Denver-based Community Development Financial Institutions, Mercy Loan Fund and Mile High Community Loan Fund, celebrated anniversaries with a reception sponsored by US Bank at last month’s Opportunity Finance Network conference that brought over 1,000 members of the community development financing industry to Denver. The

Denver (October 15, 2014) — St. Charles Town Company, LLC, is excited to announce the groundbreaking of Zephyr Line Apartments, a 95-unit multifamily complex which will provide critically needed workforce housing in Lakewood, Colorado. Financing for the project closed in August and construction is underway. After acquiring land at 14th Avenue and Zephyr Street in

Funding helps local affordable housing developers preserve affordable housing DENVER — Mercy Loan Fund, a subsidiary of Mercy Housing Inc., announced today that it has received a $1,500,000 financial assistance award from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund. The funds will help MLF provide approximately $8 million of leveraged financing to

In June, Mercy Loan Fund’s Board of Directors and staff gathered in Denver for their annual strategic planning session.  While the annual meeting is an important event for both Board and staff, this year it was made even more special with a visit from Sister Lillian Murphy and Jane Graf.  Sister Lillian is retiring after

(McMINNVILLE, TN) — Residents at the McMinnville Arms Apartments will be getting a welcome refresh of their homes soon, thanks to new owner Chesapeake Community Advisors (CCA). Built in 1969, McMinnville provides affordable housing to 100 families, with rents that are fixed at 30% of their incomes. In addition to a $185,000 investment in immediate

Move expands on long term partnerships (RICHMOND, VA) — Building on over a decade of partnership, Better Housing Coalition’s expansion of single family home construction for low income homeowners will be financed by Mercy Loan Fund (MLF). With this new funding, more than 35 individuals and families making 80% of the Area Median Income ($60,500

Mercy Loan Fund provides final piece of financing for preservation project (ADRIAN, MI) — Adrian Village Apartments have provided 114 low income families with a safe, decent, affordable place to call home since 1987. The owner, Lutheran Social Services of Michigan (LSSM), recently completed an extensive renovation of the property, thanks to funding from the

Mercy Loan Fund supports President Obama’s “My Brother’s Keeper” initiative to assist youth in underserved communities

Mercy Loan Fund understands the importance of building strong relationships with its borrowers as they strive to meet our nation’s housing challenges.  Many of these relationships have resulted in collaboration of multiple developments.  In the past 10 years, Mercy Loan Fund has provided multiple loans to thirty percent of its borrowers.  Mercy Loan Fund has

A $9.9 million loan to the Cesar Chavez Foundation (CCF) from Mercy Loan Fund, in partnership with the Low Income Investment Fund (LIIF), enabled CCF to acquire 280 apartments allowing 505 low-income residents to continue to have quality, affordable housing at The Park at Cliff Creek in Dallas, Texas. The Park at Cliff Creek provides