In The News

Mercy Loan Fund President Julie Gould signed on to the following letter supporting key CDFI programs: The New Markets Tax Credit expired at the end of 2011. Without Congressional action, distressed markets across America and the institutions that invest private capital in them will be deprived of this critical resource. LETTER TO CONGRESS ON NMTC:

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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

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In 2002 Melvin Bailey started the Community Male Empowerment Project (CMEP) as a way to put ex-offenders and at-risk youth to work. “I pull up on the corner and talk to anybody,” said Bailey. Recently he has been rehabbing houses as part of Chicago’s Neighborhood Stabilization Program and recruiting local residents to do the work.

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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

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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

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Mercy Housing is only one of many groups trying to influence Congressional opinions, so it’s not often that we can point to someone increasing their support for housing and community development programs and say “that was definitely us.” As always, this example comes to you courtesy of the hard work in the community that you

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Mercy Housing Idaho’s property, Independence Hill, provides exactly that – a key to independence for the people who live there. Independence Hill in Moscow, Idaho, serves 17 residents with special needs. The property opened in 2006 and was the idea of a former Mercy Housing Idaho board member who saw the need for building an

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Over the next four decades as the nation’s baby boomers age, more than 48 million people are projected to be added to the ranks of the 65 and older population. What’s even more staggering, the 85 and older population is expected to more than triple from 5.8 million in 2010 to 19 million in 2050 according to the Center for Housing Policy.

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This letter summarizes our recent response to a HUD proposal to engage CDFIs on preserving small, unsubsidized rental projects. “Naturally affordable” multifamily properties of less than 50 units account for a much greater proportion of the affordable housing stock than government-assisted housing. For a mechanism, HUD proposed that GNMA-servicer-certified CDFIs would provide permanent debt for

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Mercy Loan Fund recently signed on to this letter encouraging the House of Representatives to include a technical fix to the CDFI Bond Guarantee Program (CBGP) language in the upcoming 6-month Continuing Resolution that will allow the government to fulfill its financial obligations despite not passing a budget. The CBGP This language adds NO COST

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