In The News

Mercy Housing California is accelerating its efforts to improve the standard of living of low-to-moderate income affordable housing residents by creating new financial models for the funding of additional services. With a $160,000 grant from the Citi Foundation, Mercy Housing California (MHC) will work to advance new development models that will allow money saved through

On April 29, 2013, Mercy Housing California will take an important step with local and federal officials and celebrate the opening of a new affordable community for low-income and formerly homeless residents in downtown Sacramento. 7th & H’s new 150 studio and one-bedroom apartments is a key component of the city and county’s effort to

Thanks to a $1,460,000 bridge loan from Mercy Loan Fund to Fencl/Platt LLC, low-income seniors will have quality affordable housing at Goldblatts Supportive Living Facility on Chicago’s south side. The Goldblatts Supportive Living Facility, located in the former Goldblatt’s department store, will consist of 101 units restricted for seniors at or below 60 percent of

Wells Fargo is helping Savannah Gardens residents achieve a goal that many people have – to get in control of their finances. Mercy Housing provides free, onsite programs to help residents improve their lives, in areas including financial literacy and economic development.  Wells Fargo has given $5,000 to support that work so that Savannah Gardens’

Thanks to a $400,000 grant from The Home Depot Foundation, Mercy Housing Lakefront will renovate 108 units of affordable housing for veterans and their families in Chicago.

Pierce & Associates recently provided a $100,000 charitable donation to further the goals of Mercy Housing Lakefront’s ten-year Moving Forward Together campaign. With this new gift, Denis Pierce, Pierce & Associates, and the Pierce Family Foundation have contributed almost $1.4 million over three years to address the regional housing and foreclosure crisis. The economy is

Mercy Housing announced today the appointment of Sharon Saxelby as Senior Vice President and Chief Philanthropy Officer. Saxelby’s appointment culminates an extensive national search to establish a new structure for the organization’s philanthropic efforts. She will report to Mercy Housing Chief Executive Officer Sister Lillian Murphy, RSM, and be based out of the national Mercy

Preservation of Affordable Housing (POAH) and Mercy Loan Fund (MLF) have partnered to preserve Central Annex / Union Court Apartments, a 101-unit affordable housing development for the elderly and those with special needs in Pittsfield, Massachusetts. A $2.4 million loan from MLF will allow POAH to maintain the physical asset of the property and ensure

Mercy Housing’s sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. “In the current economic environment, it’s important our donors trust that we’re using our funding wisely to accomplish our mission of providing program-enriched affordable housing for families and individuals,”

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