Filed under Press Releases

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

Dee Walsh Joins Mercy Housing

DENVER—Mercy Housing, Inc. (MHI), one of the nation’s largest affordable housing nonprofits, is pleased to announce the hiring of Dee Walsh as the Executive Vice President, Chief Officer of Strategic Development.  This is a new executive position charged with overseeing the work of the Mercy Loan Fund and MHI’s four regional offices. Walsh’s experience of … Continue reading

Mercy Housing and NAHT Close on $14.3M of Equity to Benefit Rehabilitation of Holly Park Apartments

Columbus, OH. Friday, January 12, 2018. With a focus on leveraging housing as a platform to ensure access to social services opportunities for low-income families, National Affordable Housing Trust (NAHT) is proud to announce the closing of Holly Park.  NAHT closed on the property in partnership with Goldman Sachs Bank and Mercy Housing. Equity financing … Continue reading

Mercy Housing and Common Bond Communities Announce New Financing Model to Preserve Unsubsidized Affordable Housing

Mercy Housing and Common Bond Communities Announce New Financing Model to Preserve Unsubsidized Affordable Housing

Impact Gap Financing Will Help Drive Investment to Naturally Occurring Affordable Housing   Today, Mercy Housing and CommonBond Communities announced their demonstration of a new financing execution with Freddie Mac that encourages the preservation of unsubsidized affordable housing, known as naturally occurring affordable housing (NOAH). This new “Impact Gap Financing” execution, offered by Freddie Mac, … 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

California Governor signs historic housing package

California Governor signs historic housing package

Today, Mercy Housing California is honored to celebrate with our partners and legislative leaders a hard-fought victory for the future of affordable housing and healthy communities. Signing into law a package of 15 bills, Governor Jerry Brown gave the final approval to tackle the state’s affordability crisis through a two-pronged approach: streamlining the lengthy and … 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