In The News

Reginald Hughes has called the Pullman neighborhood home since 1970. Over the decades, he has witnessed the once thriving community fall into a steady decline. Yet, recently his hope has been restored. Throughout the course of 2012 Reginald has watched as Mercy Portfolio Services worked with Chicago Neighborhood Initiatives and Safeway Construction Company to transform Champlain Avenue,

Mercy Loan Fund understands that affordable housing answers only one community need. Commercial lending is often not available, or too expensive, to build facilities in low income communities. MLF has therefore pursued New Markets Tax Credits to expand the suite of financial products available to low income communities. MLF focuses on funding facilities that help

October 2012 Affordable Housing Finance Mercy Housing CEO Sister Lillian Murphy, RSM, was recently featured in Affordable Housing Finance Magazine’s 2012 election guide. This election could have major impacts on the affordable housing industry. When asked about the top housing priority for the incoming 113th Congress, Sister Lillian responded: “Preserve the LIHTC, New Markets Tax

This year’s fundraiser supporting programs and services at Mercy Housing Colorado properties across the state was a great success. Thanks to the support of friends and donors like you, more low-income Coloradoans like Megan and Victor who shared their personal stories at the event, will continue to have access to life-changing programs and services. We

Our Public Policy and Advocacy Team has been hard at work trying to continue support for key Community Development Financial Institution programs. Julie Gould, Mercy Loan Fund President and Senior Vice President of Public Policy Advocacy, recently signed on to the following letters: “Restart the Clock” on the CDFI Bond Guarantee Program Delays in implementation

Mercy Loan Fund President Julie Gould signed on to the following letter supporting key CDFI programs: Delays in implementation have cost the CDFI industry two, and possibly three, years of the id=”mce_marker” billion per year available through the CDFI Bond Guarantee Program created in 2010. Join Opportunity Finance Network in urging Treasury Secretary Tim Geithner

Mercy Loan Fund President Julie Gould signed on to the following letter supporting key CDFI programs: The New Markets Tax Credit expired at the end of 2011. Without Congressional action, distressed markets across America and the institutions that invest private capital in them will be deprived of this critical resource. LETTER TO CONGRESS ON NMTC:

SAN FRANCISCO — A multi-year effort to revitalize public housing in San Francisco’s Visitacion Valley community has taken a major step forward. The Sunnydale HOPE SF Project developed in partnership with Mercy Housing California (MHC) and The Related Companies of California (Related California) has been selected by the U.S. Department of Housing and Urban Development

In 2002 Melvin Bailey started the Community Male Empowerment Project (CMEP) as a way to put ex-offenders and at-risk youth to work. “I pull up on the corner and talk to anybody,” said Bailey. Recently he has been rehabbing houses as part of Chicago’s Neighborhood Stabilization Program and recruiting local residents to do the work.

Mercy Loan Fund, a subsidiary of Mercy Housing Inc., announced today that it has received a $1.45 million financial assistance award from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund.  The funds will provide financing to affordable housing projects in low-income and distressed communities. Mercy Loan Fund was one of 99 organizations selected