Mercy Loan Fund, Community Housing Capital and Mile High Community Loan Fund recently partnered to close a $3.3 million loan to Thistle Communities to create 1000 Rosewood, a mixed-income, for-sale, single family home development located in North Boulder, Colo. Mercy Loan Fund’s portion the loan was $1 million. This strategic partnership allowed Mercy Loan Fund … Continue reading »
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Trillium Asset Management Supports Mercy Loan Fund
Investments in Mercy Loan Fund come from many sources, including religious institutions, banks, health care systems, corporations, foundations, the government and individuals. Since 1990, Trillium Asset Management (Trillium) has brought individual and institutional investors to Mercy Loan Fund. “The global economic meltdown has been a stark reminder of the importance of affordable housing and essential … Continue reading »
MLF Provides First Ever Loan for Supportive Living Facility
In 1996, Illinois created the Supportive Living Facility (SLF) program under the Department of Healthcare and Family Services (“DHFS”) in response to the Medicaid waiver option given to states to for the purpose of creating state-specific health care delivery service programs. DHFS created a program to license and monitor SLFs in Illinois as a way … Continue reading »
Goldblatts Supportive Living Facility receives $1.4 million loan from Mercy Loan Fund
Thanks to a $1,460,000 bridge loan from Mercy Loan Fund to Fencl/Platt LLC, low-income seniors will have quality affordable housing at Goldblatts Supportive Living Facility on Chicago’s south side. The Goldblatts Supportive Living Facility, located in the former Goldblatt’s department store, will consist of 101 units restricted for seniors at or below 60 percent of … Continue reading »
Mercy Loan Fund and POAH partner to preserve affordable housing in Massachusetts
Preservation of Affordable Housing (POAH) and Mercy Loan Fund (MLF) have partnered to preserve Central Annex / Union Court Apartments, a 101-unit affordable housing development for the elderly and those with special needs in Pittsfield, Massachusetts. A $2.4 million loan from MLF will allow POAH to maintain the physical asset of the property and ensure … Continue reading »
Mercy Loan Fund preserves affordable housing for New York residents
Community Matters Newsletter – Fall 2012 Thanks to a $1,159,055 loan from Mercy Loan Fund (MLF) to ROC USA® Capital (ROC USA), 384 low-income residents at Champion Mobile Home Park in Elbridge, New York will continue to have quality, affordable housing. Champion consists of 170 mobile homes owned by seniors and working families, the majority … Continue reading »
Rebuilding healthy communities with New Market Tax Credits
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 … Continue reading »
