Mercy Housing California is accelerating its efforts to improve the standard of living of low-to-moderate income affordable housing residents by creating new financial models for the funding of additional services. With a $160,000 grant from the Citi Foundation, Mercy Housing California (MHC) will work to advance new development models that will allow money saved through … Continue reading »
Mercy Portfolio Services Helps to Spur Job Creation
Scott Henry always knew he wanted to be a developer and first became interested in the affordable housing industry while getting his architect degree from Illinois Institute of Technology in Chicago. But before starting his dream career, Scott had some setbacks along the way and he attributes Mercy Portfolio Services as helping him get back … Continue reading »
Thank You for Creating 4,000 Jobs in Chicago and Milwaukee
With the help of many partners, 4,000 jobs have been sustained through the Moving Forward Together campaign. Over the past three years, you have helped build 2,163 homes, sustain 4,186 jobs and enable 4,666 people to live in hope in the Chicago and Milwaukee regions. However, the work continues. To address the regional housing crisis, … Continue reading »
Mercy Housing Lakefront Helps Create Nonprofit Owned REIT And Saves 128 Units of Housing in Aurora, Illinois
Mercy Housing Lakefront has recently acquired 128 units of affordable housing through the purchase of the 2000 Illinois Apartments complex in Aurora, Ill. The transaction was made possible through Mercy Housing’s participation in The Housing Partnership Equity Trust (HPET), a newly-created nonprofit real estate investment trust, or REIT. HPET funds enabled Mercy Housing Lakefront to … Continue reading »
It’s time to build the housing that can end homelessness in America!
It’s time we ended homelessness in America and ensured the lowest income people have access to the decent, affordable housing all of us need. Mercy Housing is a proud partner of the United for Homes campaign to fund the National Housing Trust Fund with revenue from modifications to the mortgage interest deduction. United for Homes is … Continue reading »
Saving Affordable Housing
Source: Wall Street Journal An apartment complex in suburban Chicago was saved from the clutches of gentrification by a private real-estate investment trust formed to buy and protect affordable housing. The property, serving a working-class section of Aurora, Ill., was acquired for $5.2 million by a Chicago unit of Denver-based Mercy Housing Inc. in a … Continue reading »
Landmark Partnership Opens 150 Affordable Homes and Clinic in Downtown Sacramento
On April 29, 2013, Mercy Housing California will take an important step with local and federal officials and celebrate the opening of a new affordable community for low-income and formerly homeless residents in downtown Sacramento. 7th & H’s new 150 studio and one-bedroom apartments is a key component of the city and county’s effort to … Continue reading »
