In The News

Mercy Community Capital has received a 2024 Capital Magnet Fund award. The award is being used to create a new permanent loan product available for projects in Arizona, California, Colorado, Florida, Georgia, Ohio, Texas, Wyoming, or rural census tracts in any state. To qualify, the project must have at least 50% of units at 60%

The Affordable Housing Program (AHP) is a competitive grant program that provides gap financing for the acquisition, rehabilitation, or new construction of qualifying owner-occupied and rental housing projects. This year’s AHP round for the Federal Home Loan Bank of Topeka opened July 1 with a maximum subsidy of $1.5 million per project. The round closes

Franny is part of a supportive family but has faced unique challenges that require a wider safety net. When she was born, her parents were informed she wouldn’t live past two years old due to a rare genetic disorder that causes severe health complications. 41 years later, Franny says, “I’m still here, thank you, Lord.”

In June, MCC closed a construction-to-permanent loan in support of Delara Chase, a 116-unit 9% LIHTC rehab project with 110 units limited to 30%, 50%, and 60% AMI, including 20 units supported by a Section 8 HAP contract. Originally, the project was expected to receive funds through the Greenhouse Gas Reduction Fund (GGRF). However, due

Established in August 1940, the Tacoma Housing Authority (THA) serves over 5,100 households and approximately 11,317 people in Tacoma each month. THA’s mission is to provide high-quality, stable, and sustainable housing and supportive services to people in need. Just like Mercy Housing Northwest, partnerships are critically important to their mission. In 2017, THA acquired the

Next year, Mercy Housing Northwest and REACH Community Development will open a brand new 81-apartment home community near the Elmonica MAX Station in Beaverton. “People talk with me about the need for more affordable housing in Beaverton and every corner of NW Oregon,” said U.S. Congresswoman Suzanne Bonamici (OR-1), who spoke at the groundbreaking celebration.

With 76 apartment homes, Summit at Belmont is the redevelopment of Dorrah Randall, a Columbia Housing Authority public housing community for families. In partnership with Mercy Housing Southeast (MHSE) and Columbia Housing, this Rental Assistance Demonstration (RAD) conversion involves building a new affordable community for households at or below 60% of the Area Median Income

This spring, the residents and staff at The Atrium at Collegetown in Atlanta welcomed Matter Health to the community! With the cost of healthcare becoming increasingly expensive and out of reach for many, Matter Health provides on-site, one-on-one, high-quality healthcare to seniors who are most in need. Matter Health is in The Atrium’s first-floor clinic

Sunnydale residents were in for a treat when a new mural was unveiled in the courtyard of the Sunnydale Resource Center (SRC) of two interlocking hands surrounded by bold, vibrant patterns. Painted by Cameron Moberg, a former Mercy Housing resident and longtime San Franciscan, the piece is both personal and deeply connected to this neighborhood.

It was a wonderful day to celebrate the grand opening of Villa St. Joseph! Together with friends, supporters, and community partners, we welcomed a beautiful new chapter for a treasured historic site. Once home to the Sisters of St. Joseph of Orange, this beloved Motherhouse has been reimagined into 50 affordable homes where seniors with