Filed under Mercy Loan Fund

Why We Need the CDFI Fund

Why We Need the CDFI Fund

Last week, we saw the current administration’s first budget proposal, which calls for a $54 billion increase in military spending, funded by cuts to nonmilitary programs. The New York Times reported that, as part of these cuts, the U.S. Treasury’s Community Development Financial Institution (CDFI) Fund (“the Fund”) will be “all but eliminated.” While it … Continue reading

Mercy Loan Fund Partners With Community Housing Capital and the Housing Partnership Network to Preserve Affordable Housing in San Diego, Calif.

Mercy Loan Fund Partners With Community Housing Capital and the Housing Partnership Network to Preserve Affordable Housing in San Diego, Calif.

San Diego, Calif.—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a participation loan to Community HousingWorks (CHW), a nonprofit developer of affordable housing, for the acquisition of 2601-2685 Ulric Street, a 36-unit multifamily community in San Diego, Calif. CHW plans to develop the property so that … Continue reading

Mercy Loan Fund partners with Chesapeake Community Advisors and Trinity Village Non‐Profit Housing Corp. to Preserve Affordable Housing for Seniors in Waterloo, Iowa

Mercy Loan Fund partners with Chesapeake Community Advisors and Trinity Village Non‐Profit Housing Corp. to Preserve Affordable Housing for Seniors in Waterloo, Iowa

FOR IMMEDIATE RELEASE: 2/22/2017 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Waterloo, Iowa—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a loan to Chesapeake Community Advisors (CCA) and Trinity Village Non Profit Housing Corp. (Trinity) for the acquisition of Cedar River Tower, an 85-home community for … Continue reading

Mercy Loan Fund Partners with Mercy Housing to Preserve Affordable Housing for Single Parents in Denver, CO

Mercy Loan Fund Partners with Mercy Housing to Preserve Affordable Housing for Single Parents in Denver, CO

FOR IMMEDIATE RELEASE: 10/26/2016 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Denver, CO—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., announced that it has partnered with Mercy Housing, Inc. (MHI) to preserve 106 affordable homes for single parents in Denver, Colo. MLF has provided MHI with a $5 … Continue reading

Mercy Loan Fund Partners with National Church Residences to Preserve Affordable Housing in Ohio

Mercy Loan Fund Partners with National Church Residences to Preserve Affordable Housing in Ohio

FOR IMMEDIATE RELEASE: 9/28/2016 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Denver, CO—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a bridge loan to National Church Residences (NCR) for the refinance of McPherson Woods, an affordable, 50-home community for families in Mansfield, Ohio, a small town … Continue reading

2015 Annual Report Available

The 2015 Mercy Housing Annual Report is now available! At Mercy Housing, we recognize that safe, affordable, service-enriched housing helps people invest in themselves and their communities. On behalf of our eight Sponsor Communities, our Board of Trustees, and everyone who works at Mercy Housing, we thank you. Thank you to our donors, financial partners, … Continue reading