Sep 04Bank of America Foundation Awards $300,000 Grant to Mercy Housing
For Immediate Release: September 4, 2020
Contact: Kate Peterson | 303.830.3443 | email@example.com
Funding to support onsite services for affordable housing residents with low incomes, marks the 32nd year Bank of America Foundation has partnered with Mercy Housing to help people in need — with so many experiencing hardships due to the pandemic, their ongoing support is critical.
DENVER — This grant directly helps Mercy Housing’s innovative affordable housing and onsite Resident Services — robust programming for financial literacy, food pantries, health and wellness classes, Out-of-School Time, and job preparation. This comes at a crucial time as the need for affordable housing and these services is at a historic high due to the economic and health impacts of the pandemic.
People with low incomes are exponentially vulnerable to food insecurity, the digital learning gap, and low employment levels. These Resident Services directly support Mercy Housing to reduce these concerns at their communities.
Mercy Housing is the nation’s leading affordable housing organization. With nearly 40 years of experience, and a presence in 41 states, they’re uniquely prepared to help provide relief to hard-hit, low-income communities with their wraparound services approach to affordable housing with onsite services. Over 45,000 people including families, seniors, veterans, and people with special needs live at Mercy Housing communities.
Bank of America Foundation seeks to advance pathways of economic mobility and shares Mercy Housing’s passion for keeping communities healthy and vibrant. In order to address inequalities in low- and moderate-income communities, Bank of America Foundation partners with nonprofit organizations to foster economic mobility and social progress. This grant is part of Bank of America Foundation’s $1 billion, four-year initiative to support the advancement of racial equality and economic opportunity, with a particular focus on helping create opportunity for people and communities of color.
About Mercy Housing, Inc. (MHI)
Mercy Housing, Inc. (MHI) is a leading national affordable housing nonprofit headquartered in Denver. Established by the Sisters of Mercy in 1981, and in operation in 41 states, MHI has more than 39 years’ experience developing, preserving, managing, and financing affordable housing. MHI supplements much of its housing with Resident Services, programs that help residents build stable lives. MHI’s subsidiaries further the organization’s mission: Mercy Housing Management Group (MHMG) offers professional property management and Mercy Community Capital (MCC) finances nonprofit organizations.
MHI serves tens of thousands of people with low incomes, including families, seniors, veterans, people who have experienced homelessness, and people with disabilities. Its mission is to build a more humane world where poverty is alleviated, communities are healthy, and all people can live to their full potential. To learn more about MHI and the services it provides, visit mercyhousing.org.
About Bank of America Foundation:
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).