In The News

This letter summarizes our recent response to a HUD proposal to engage CDFIs on preserving small, unsubsidized rental projects. “Naturally affordable” multifamily properties of less than 50 units account for a much greater proportion of the affordable housing stock than government-assisted housing. For a mechanism, HUD proposed that GNMA-servicer-certified CDFIs would provide permanent debt for

Mercy Loan Fund recently signed on to this letter encouraging the House of Representatives to include a technical fix to the CDFI Bond Guarantee Program (CBGP) language in the upcoming 6-month Continuing Resolution that will allow the government to fulfill its financial obligations despite not passing a budget. The CBGP This language adds NO COST

Mercy Housing opens first affordable housing property in Boise for seniors.

Every action that Katherine takes is based on making sure that her children are taken care of and happy. When Katherine’s employer, a person for whom she was working as a personal caretaker, passed away, Katherine (Kat) found herself without a job, without a source of steady income and without a home for her children. Kat packed herself

SAN FRANCISCO – The City’s first and the country’s largest affordable housing specifically welcoming to lesbian, gay, bisexual and transgender (LGBT) seniors to be developed by Openhouse and Mercy Housing California was approved unanimously Thursday by the San Francisco Planning Commission. The development includes 110 apartments for low-income seniors, Openhouse service offices and an activity

The City’s first and the country’s largest affordable housing specifically welcoming to lesbian, gay, bisexual and transgender (LGBT) seniors to be developed by Openhouse and Mercy Housing California was approved unanimously Thursday by the San Francisco Planning Commission. The development includes 110 apartments for low-income seniors, Openhouse service offices and an activity center for residents

Out of 140 nominations, we are thrilled to announce that two of our properties were selected by Affordable Housing Finance Readers as winners in this year’s Readers’ Choice Awards! Thanks to everyone who voted. Mercy Housing Lakefront’s Harold Washington Apartments was selected as the winner in the Preservation category and Mercy Housing Southeast’s Savannah Gardens

Earlier this summer, the Nuns on the Bus visited Mercy Housing Lakefront’s Englewood property on their cross-country journey to Washington D.C. More than a dozen Catholic Nuns travelled across nine states to raise awareness and campaign for budget fairness across the nation. A large crowd welcomed the Nuns as the bus pulled up to the

Thanks to a $500,000 loan and an extended line of credit from Mercy Loan Fund and the Bon Secours Health System, the Better Housing Coalition in Richmond, Virginia, will be able to expand its development of high-quality, affordable workforce housing in the Blackwell neighborhood more rapidly. With this new funding, more than 60 individuals and

Source: The Sacramento Bee Trying to find affordable rental housing in the Sacramento region is a bit like playing the lottery: Fifty thousand prospective tenants recently vied for one of 3,000 slots on a Sacramento County waiting list for subsidized housing. Families are waiting two years for an apartment in an affordable housing complex in