In The News

U.S. Bank, Mercy Housing California, and New Directions have closed on a financing package that paves the way for El Monte Veterans Housing, a $12.8 million affordable housing development aimed at supporting returning veterans in Los Angeles County who might otherwise be homeless. Construction starts this month with completion expected in March 2014. El Monte

Although the markets are beginning to recover, the economic crash devastated families and neighborhoods throughout the region.  For those who were most affected, recovery remains difficult.  Thanks to many philanthropic and project partners, however, there is hope.  In the first three years of the Moving Forward Together campaign, Mercy Housing has built or preserved 1,583

SAN FRANCISCO, CA — Mercy Housing California with the Institute on Aging and the San Francisco Department of Public Health were selected to partner in a national initiative to create strategies that improve quality of life for senior residents while producing cost savings to the health and long-term care systems. Developed by LeadingAge and Enterprise Community

CHICAGO — With almost $1 million in philanthropic support over the past twelve months, 180° Properties expands property preservation services throughout the Lake Michigan region, including Gary, Chicago, and Milwaukee. With this expansion, 180° Properties has now created 49 jobs and has completed 24,982 work orders to protect and maintain 5,970 homes throughout the region. The

SAN FRANCISCO — A multi-year effort to revitalize public housing in San Francisco’s Visitacion Valley community has taken a major step forward. The Sunnydale HOPE SF Project developed in partnership with Mercy Housing California (MHC) and The Related Companies of California (Related California) has been selected by the U.S. Department of Housing and Urban Development

Mercy Loan Fund, a subsidiary of Mercy Housing Inc., announced today that it has received a $1.45 million financial assistance award from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund.  The funds will provide financing to affordable housing projects in low-income and distressed communities. Mercy Loan Fund was one of 99 organizations selected

Mercy Loan Fund, a subsidiary of Mercy Housing Inc., and a joint venture between Forrest General Hospital and Southern Bone and Joint Specialists announced today that nearly two years after receiving a $20 Million allocation of New Market Tax Credit to build a new Orthopedic Institute, the facility is set to be ready for patients

SAN FRANCISCO – The City’s first and the country’s largest affordable housing specifically welcoming to lesbian, gay, bisexual and transgender (LGBT) seniors to be developed by Openhouse and Mercy Housing California was approved unanimously Thursday by the San Francisco Planning Commission. The development includes 110 apartments for low-income seniors, Openhouse service offices and an activity

Thanks to a $500,000 loan and an extended line of credit from Mercy Loan Fund and the Bon Secours Health System, the Better Housing Coalition in Richmond, Virginia, will be able to expand its development of high-quality, affordable workforce housing in the Blackwell neighborhood more rapidly. With this new funding, more than 60 individuals and

Mercy Housing California is extremely pleased to announce renewed and increased support thanks to a $150,000 grant from Wells Fargo. The grant was awarded as part of Wells Fargo’s Welcome Home program. The funding will support Mercy Housing California’s new affordable projects in development in 2012. “We are honored to receive this generous award from