Filed under Mercy Loan Fund

Rapid-Response Financing Now Available From CDFIs

Rapid-Response Financing Now Available From CDFIs

FOR IMMEDIATE RELEASE: Contact: John Keaten 212.784.5701 jkeaten@groupgordon.com WASHINGTON – Affordable housing providers and community facilities can now apply for rapid-response financing. The Fund for Rapid Recovery and Rebuilding helps organizations focus on communities that need support to continue their missions. Three Community Development Financial Institutions (CDFIs): Enterprise Community Loan Fund (Enterprise), Mercy Loan Fund … Continue reading

Coming Together

Coming Together

by Jason Battista We couldn’t be more different. I am white; he is the son of Bangladeshi immigrants. I grew up in an upper-middle class household; he grew up in poverty. I attended the very best schools in the state; he attended schools on the verge of being closed for low performance. I was raised … Continue reading

Mercy Loan Fund Rating Increased to AA+

Mercy Loan Fund Rating Increased to AA+

FOR IMMEDIATE RELEASE: Contact: Kate Peterson Director, Marketing & Communications kpeterson@mercyhousing.org 303-830-3443 Denver, CO—Aeris has upgraded Mercy Loan Fund (MLF) from AA to AA+ on the standard Wall Street scale, putting MLF in the top 15% of rated Community Development Financial Institutions (CDFI).  MLF’s rating has increased three levels in the past two years. Aeris … Continue reading

Seniors get to stay in homes at Forest Dale Apartments in Dallas, Texas

Seniors get to stay in homes at Forest Dale Apartments in Dallas, Texas

FOR IMMEDIATE RELEASE Contact: Kate Peterson National Director of Marketing and Communications 303-830-3443 kpeterson@mercyhousing.org Dallas, Texas—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a $7.0 million loan to Chesapeake Community Advisors (CCA) and Trinity Village Non Profit Housing Corp. (Trinity) for the acquisition of Forest Dale … Continue reading

Mercy Loan Fund Receives $776,500 Grant from CDFI Fund

Mercy Loan Fund Receives $776,500 Grant from CDFI Fund

FOR IMMEDIATE RELEASE September 25, 2017 Contact: Kate Peterson kpeterson@mercyhousing.org Denver, CO–Mercy Loan Fund (MLF), a subsidiary of Mercy Housing and a leading Community Development Financial Institution (CDFI), announced today that it has received a CDFI/CORE Financial Assistance (FA) program award of $776,500 from the United States Treasury’s CDFI Fund. Mercy Loan Fund will use … Continue reading

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