Filed under Mercy Loan Fund

Partners in Preservation

An important aspect of Mercy Loan Fund’s business as a national lender is the relationships it builds with national developers of affordable housing.  One such organization, Wishrock, first came to Mercy Loan Fund in 2015 for a loan to preserve Rio Vista Apartments, a 75-unit low-income rental property for the elderly and disabled in Albuquerque, … Continue reading

$6.7 Million Loan Maintains Essential Affordable Housing for Seniors in Central Massachusetts:

Leading Community Development Financial Institutions (CDFIs) partner to preserve the only senior affordable housing units in Worcester, Massachusetts. WORCESTER, MA — Mercy Loan Fund (MLF) has provided a crucial loan to acquire and rehab Emanuel Village Apartments for low-income seniors. In Worcester, 40 miles west of Boston, 61% of seniors are earning less than $40K … Continue reading

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